Fiduciary Services in the British Virgin Islands - Ogier
Fiduciary Services in the British Virgin Islands - Ogier
Fiduciary Services in the British Virgin Islands - Ogier
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<strong>Ogier</strong> <strong>Fiduciary</strong> <strong>Services</strong> <strong>in</strong> <strong>the</strong> BVI | An <strong>in</strong>troduction to work<strong>in</strong>g with us<br />
ogier.com<br />
Why choose BVI?<br />
The <strong>British</strong> Virg<strong>in</strong> <strong>Islands</strong> (“BVI”) is a stable and<br />
mature f<strong>in</strong>ancial centre with a dist<strong>in</strong>ctive and<br />
professional legal and regulatory framework.<br />
S<strong>in</strong>ce its <strong>in</strong>ception as a f<strong>in</strong>ancial services jurisdiction<br />
<strong>in</strong> <strong>the</strong> 1980s, <strong>the</strong> BVI has grown exponentially on<br />
many fronts, namely it has:<br />
• Incorporated <strong>in</strong> excess of<br />
900,000 companies<br />
• Become <strong>the</strong> 2nd largest domicile<br />
for offshore funds<br />
• Introduced <strong>in</strong>novative trust solutions<br />
for its private client offer<strong>in</strong>g such as<br />
VISTA (Virg<strong>in</strong> <strong>Islands</strong> Special Trust Act)<br />
and updated its Private Trust Company<br />
legislation to clarify when a PTC does not<br />
require additional licens<strong>in</strong>g.<br />
BVI’s dom<strong>in</strong>ance as <strong>the</strong> pre-em<strong>in</strong>ent<br />
provider of offshore companies was<br />
enhanced by <strong>the</strong> Hong Kong Stock<br />
Exchange giv<strong>in</strong>g approval for BVI<br />
companies to list on its exchange, which<br />
allows a straightforward IPO exit <strong>in</strong> Asia<br />
without significant prior restructur<strong>in</strong>g.<br />
BVI’s familiar English common law system,<br />
coupled with its sophisticated and efficient<br />
regulation, and <strong>the</strong> added safeguard of<br />
hav<strong>in</strong>g <strong>the</strong> Judicial Committee of <strong>the</strong><br />
Privy Council as <strong>the</strong> ultimate court of<br />
appeal, makes <strong>the</strong> BVI a very popular<br />
jurisdiction when clients wish to set up<br />
offshore structures.<br />
The BVI stands out because:<br />
• Ease of <strong>in</strong>corporation (same day)<br />
• Fast and efficient onl<strong>in</strong>e service provided<br />
by <strong>the</strong> Registry of Corporate Affairs<br />
• Quality of law firms and fiduciary<br />
providers resident <strong>in</strong> BVI<br />
• Relatively low cost of carry<strong>in</strong>g on<br />
bus<strong>in</strong>ess compared to many of its<br />
competitor jurisdictions<br />
• Tax neutrality<br />
• Straight forward legislation and<br />
regulatory regime<br />
• Fits <strong>the</strong> U.S. ‘check <strong>the</strong> box’ requirement<br />
• Register of members and register of<br />
directors are not public documents.<br />
• Tried and tested jurisdiction.<br />
<strong>Ogier</strong> <strong>Fiduciary</strong> <strong>Services</strong> (BVI) Limited<br />
(“OFS BVI”) is <strong>Ogier</strong>’s fiduciary services<br />
company <strong>in</strong> <strong>the</strong> BVI and is regulated by <strong>the</strong><br />
F<strong>in</strong>ancial <strong>Services</strong> Commission (“FSC”) as<br />
a Class I Trust Company under <strong>the</strong> Banks<br />
& Trust Companies Act.<br />
We pride ourselves on deliver<strong>in</strong>g a fast<br />
and reliable service to our clients coupled<br />
with <strong>the</strong> quality you would expect from a<br />
lead<strong>in</strong>g <strong>in</strong>ternational fiduciary organization<br />
such as <strong>Ogier</strong> <strong>Fiduciary</strong> <strong>Services</strong>. Our<br />
reputation for excellence is backed by a<br />
long list of <strong>in</strong>dustry accolades, as awarded<br />
by third party commentators, clients and<br />
competitors.<br />
“Tax neutrality”<br />
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