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Comparison of the British Virgin Islands and Cayman Islands Offshore Jurisdictions |
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October 2000 When the British Virgin Islands (BVI) & Cayman Islands are objectively compared to one another there are many similarities and only a few significant differences. For example both have a legal system based on English Common Law, both are located in the Caribbean and both offer similar types of offshore financial legislation. Perhaps the single most significant distinction between the two jurisdictions in that Cayman has an established offshore banking infrastructure. However the BVI has established itself as the premier offshore domicile for International Business Companies worldwide and bank accounts can be opened for Companies incorporated there in any part of the world including the major banking centres. Government fees for Companies formed in the BVI are also significantly lower than the fees in the Cayman Islands. The following tables help to illustrate the key features of each jurisdiction.
The AMS Group
Sea Meadow House, Road Town, Tortola, British Virgin Islands Tel: (284) 494 3399 - Fax: (284) 494 3041 Contact us by e-mail |
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