The British Virgin Islands (cont...)

The cornerstone of the corporate legislation in the BVI, the International Business Companies Act was enacted in 1984. This legislation has proved so popular that the BVI now boasts one of the largest corporate registries in the world. Conscious of the need to meet the requirements of the international financial community, the financial services industry has encouraged a regular review and enhancement of its legislation. The present legislation reflects the effort constantly made by the Government to move on a timely basis to expand the range of financial services available while enhancing the integrity of the jurisdiction.

Specialised Services

The BVI is the home of The AMS group. From its head office in the BVI, AMS Trustees Limited, AMS Financial Services Limited, Arawak Trust Company Limited, AMS Fund Management and AMS Insurance Management Services Limited are able to provide clients with a full range of offshore services under the following legislation:

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• International Business Companies Act, 1984
• Mutual Funds Act, 1996
• Trustee Ordinance,1961
• Partnership Act, 1996
• Insurance Act, 1994
• Merchant Shipping Act, 1894

Why the BVI? Regarded by professionals as one of the worlds premier offshore jurisdictions Strict confidentiality Commitment to integrity Proactive development of offshore financial legislation in close consultation with the private sector resulting in prudent and user friendly legislation Politically stable, common law jurisdiction Competitive pricing Exemption from local taxation Ease of incorporation and administration of companies US Dollar is the official currency Freedom from exchange controls Established professional infrastructure to support offshore financial sector Ease of transfer of companies to and from the BVI Modern, flexible mutual fund, insurance and trust legislation