UK Nationals based in the Cayman Islands seeking finance of £700,000 to assist with the purchase of two North London apartments on a buy to let basis.
British Virgin Islands
The British Virgin Islands are a collection of roughly 50 small islands in the Caribbean, of which around 16 are inhabited. They are located a few miles east of the U.S. Virgin Islands. The North Atlantic Ocean lies to the north of the islands, and the Caribbean Sea lies to the south. The largest islands of the group are Tortola, Virgin Gorda, Anegada, and Jost Van Dyke. Road Town, the capital and largest town, is situated on Tortola
The British Virgin Islands is by far the most popular jurisdiction in the world for International Business Companies (IBCs). The US dollar is the official currency in the BVI - there can be no currency controls and no artificial manipulation of money supply by the local government.
BVI are a British Overseas Territory, which provides for an outstanding political stability. The country also maintains a low international profile and a clean reputation, thus avoiding the pitfalls experienced by some more publicised and less scrupulous offshore tax havens.
BVI has an independent judicial system based on English Common Law. Laws and regulations are routinely developed in consultation with the private sector. Offshore financial services sector contributes a very significant part to the country's gross domestic product. Therefore, an inherent and pronounced interest exists both with the government and with the general public to maintain and develop the country's status as a competitive offshore financial centre.
BVI is an independent country with a fairly high standard of living. Therefore, it avoided entering any information-sharing agreements with foreign countries or organizations for exchange of financial aid. Client confidentiality is robustly enshrined in the BVI corporate and business legislation.
The British Virgin Islands as a whole is a secure, politically and economically stable jurisdiction with a flexible, mature and business minded government committed to the sustainable development of the offshore sector as a whole.