This publication has been prepared for the assistance of those who are considering the formation of a fund in the British Virgin Islands (the “BVI”). It deals in broad terms with the requirements of BVI law for the establishment and operation of such entities. It is not intended to be exhaustive but merely to provide brief details and information which we hope will be of use to our clients. We recommend that our clients seek legal advice in the BVI on their specific proposals before taking steps to implement them.
Before proceeding with the incorporation of a company or the formation of a partnership (general or limited) or a unit trust in the BVI, persons are advised to consult their tax, legal and other professional advisers in their respective jurisdictions.