Got TIPS or BREAKING NEWS? Please call 1-284-442-8000 direct/can also WhatsApp same number or Email ALL news to:newsvino@outlook.com;                               ads call 1-284-440-6666

British Virgin Islands Dominating New Offshore Company Registrations

Virgin Islands. Photo: Caribbean Journal
Caribbean Journal

The British Virgin Islands “continues to dominate” new offshore company registration activity by volume, according to a report from Appleby Global.

The British Virgin Islands has maintained a six-fold lead over its nearest competitor, the Cayman Islands, according to the report.

Overall, new offshore company registrations fell in both territories, however, seeing about a 10 percent drop in the second half of 2012.

The British Islands saw a 12 percent drop to 29,225 new company registrations in the second half of 2012, while Cayman saw a 13 percent drop to 4,176 in the same period.

Bermuda actually saw a 7 percent increase in the last six months of 2012.

“There are signs that 2013 will be a watershed year in terms of seeing a universal return to pre-2009 activity levels across the offshore jurisdictions,” said Farah Ballands, partner and global head of fiduciary & administration services at Appleby, in a release.

3 Responses to “British Virgin Islands Dominating New Offshore Company Registrations”



Create a comment


Create a comment

Disclaimer: Virgin Islands News Online (VINO) welcomes your thoughts, feedback, views, bloggs and opinions. However, by posting a blogg you are agreeing to post comments or bloggs that are relevant to the topic, and that are not defamatory, liable, obscene, racist, abusive, sexist, anti-Semitic, threatening, hateful or an invasion of privacy. Violators may be excluded permanently from making contributions. Please view our declaimer above this article. We thank you in advance for complying with VINO's policy.

Follow Us On

Disclaimer: All comments posted on Virgin Islands News Online (VINO) are the sole views and opinions of the commentators and or bloggers and do not in anyway represent the views and opinions of the Board of Directors, Management and Staff of Virgin Islands News Online and its parent company.