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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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