Bank british island virgin
Banks in the British Virgin Islands consist of six commercial banks and one restricted bank, as of The island is a major player in the global offshore.
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Banks in the British Virgin Islands – Overview
The British Virgin Islands (BVI), officially simply "Virgin Islands", are a British Overseas Territory .. At the end of the banking sector of the British Virgin Islands comprised six commercial banks and one restricted bank, 12 authorised.
Description:Banks and Trust Companies Act, In , more than , tourists visited BVI on holiday, and although that number had dropped enough by to cause a significant amount of lay-offs in the hospitality industry, the territory continues to work towards improvements that will draw in tourism, such as upgraded cruise ports. The off-shore banking industry came to BVI in the s, due to the interest of foreign businesses registering with BVI in order to incorporate. Incorporating in BVI is less expensive for many companies, and a blanket of regulatory laws protects their confidentiality in a way that they may not have been otherwise protected in their home country. By , there were over , incorporated companies on the BVI registry.