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The Data Protection DPA Enters into Force in the BVI

In April 2021, the British Virgin Islands (BVI) government passed the Data Protection Act (DPA).   The DPA became effective 9 July 2021.  (Though BVI is a United Kingdom territory, it is not subject to Europe’s General Data Protection Regulation [GDPR]). The DPA’s main goals: •    protect the personal data that public and private bodies process. […]

Using British Virgin Island Companies for Cryptocurrency Initial Coin Offerings and Blockchain Innovation

Cryptocurrency Initial Coin Offerings The British Virgin Islands (BVI) is already a favorable location to launch a company.  It is also a highly favorable location in which to launch a Cryptocurrency Initial Coin Offering (ICO). ICOs raise external cryptocurrency finance.  They are similar to Initial Public Offerings, only investors receive cryptocurrency tokens, rather than shares, […]

Register Your Ship in the British Virgin Island

It provides a ship a nationality and allows it to travel globally.  The country to which a ship is registered is the ship’s  “flag state.”  A ship’s flag state maintains legal jurisdiction over the ship – it conducts inspections, is responsible for crew and working conditions, maintains sailing safety, and regulates its rules.  It is, […]

How a BVI Company Fits into a Global Corporate Structure

Incorporating a company in the British Virgin Islands (BVI) suits a variety of global purposes. This is why many experts consider it one of the best jurisdictions in which to set up an international business company. To begin with, BVI’s main language is English, which most countries and people speak. It uses American currency and […]