The British Virgin Islands (BVI), formally essentially “Virgin Islands”, are British Overseas Territory located in the Caribbean region, towards the east of Puerto Rico. The islands are geologically part of the Virgin Islands archipelago and are situated in the Leeward Islands of the Lesser Antilles.
The British Virgin Islands comprise of the principle islands of Tortola, Virgin Gorda, Anegada, and Jost Van Dyke, alongside more than 50 other littler islands and cays. Around 15 of the islands are occupied. The capital, Road Town, is on Tortola, the biggest island, which is around 20 km (12 mi) long and 5 km (3 mi) wide. The islands had a populace of around 28,000 at the 2010 Census, of whom roughly 23,500 lived on Tortola. For the islands, the most recent United Nations appraise (2016) is 30,661.show more
British Virgin Islanders are British Overseas Territories subjects and since 2002 are British nationals also. In spite of the fact that the region isn’t a piece of the European Union and not straightforwardly subject to EU law, British Virgin Islanders are regarded to be nationals of the EU by ideals of their British citizenship.
Parts of the islands were harmed in September 2017 by Hurricane Irma and an expected ten individuals were slaughtered by the tempest. The most extreme obliteration gave off an impression of being on Tortola.
Financial services represent over portion of the pay of the region. The lion’s share of this income is created by the permitting of seaward organizations and related services. The British Virgin Islands is a noteworthy worldwide player in the seaward financial services industry. In 2000 KPMG announced in its overview of seaward purviews for the United Kingdom government that more than 45% of the world’s seaward organizations were shaped in the British Virgin Islands. Since 2001, Financial services in the British Virgin Islands have been controlled by the free Financial Services Commission.
Toward the finish of 2012 the managing an account area of the British Virgin Islands involved six business banks and one confined bank, 12 approved overseers, two authorized cash services organizations and one authorized financing specialist organization.
In that capacity the British Virgin Islands is every now and again named as an “expense asylum” by campaigners and NGOs, and has been explicitly named in against duty safe house enactment in different nations on different events. Progressive governments in the British Virgin Islands have battled against the duty sanctuary name, and made different duties regarding charge trade and recording helpful possession data of organizations following the 2013 G8 summit. On 10 September 2013 British Prime Minister David Cameron said “I don’t think it is reasonable any more drawn out to allude to any of the Overseas Territories or Crown Dependencies as duty asylums. They have made a move to ensure that they have reasonable and open expense frameworks. It is vital that our concentration should now move to those domains and nations that truly are expense sanctuaries.”
In April 2016 Panama Papers release, the British Virgin Islands was the most generally utilized assessment shelter by customers of Mossack Fonseca.