The British Virgin Islands (BVI) have been channeling investments into and out of China for a long time now and benefiting from substantial financial services business from Chinese individuals and firms, (Business BVI ASIA 2015 Annual Regional Conference, 2015).
According to Qian Liu, Director of Economic Unit, the Economist Group, Beijing said that BVI is “sitting in a sweet spot” what concerns the rise of China in the global economy, and has noted that outbound direct investment from China has increased 35% since 20015. She added: “Chinese companies investing in international markets want the certainty that BVI structures, backed by BVI courts and English common law, provide.”
BVI has continued to improve its financial services industry in order to comply with the increasing demands –BVI’s Financial Services Implementation Unit is now fully stuffed and operational and the BVI Financial Services Commission has began to offer express services and extend its office hours, as well up make its online system to Hong Kong providers. Additionally, the FSC launched a Premium Services Department within the Company Registry, providing customized and timely express services for selected set of transactions at an additional fee.
Source: Cobus Group, Thursday 19 November 2015.
More information:
The world's major offshore jurisdiction. Discover more about
BVI company formation.
Looking for a bank for your offshore company? Think about a
Hermes bank account opening in Saint Lucia.