BVI FSC License
About that Country :
The British Virgin Islands is a British Dependant Territory consisting of numerous small islands approximately 50 miles east of Puerto Rico and adjacent to the United States Virgin Islands in the Caribbean Sea. The principal islands of the British Virgin Islands are Tortola, Virgin Gorda, Anegada and Josh Van Dyke. The capital of British Virgin Islands is Road Town, situated in Tortola. The population of the islands is about 19,000 with an ethnic diversity of Afro-Caribbean, European, American and Asian.
Benefits of registering a company in BVI :
The capital gains, death duties or inheritance taxes are not subject to taxation. As well dividends, royalties or interest is are not required to be paid
About that Regulating Body :
The British Virgin Islands Financial Services Commission is responsible for all financial services that are carried out within the British Virgin Islands, including banking, investment business, insolvency service and insurance business. In addition, the BVI FSC is responsible for company formation, company management and intellectual property in the British Virgin Islands. The BVI FSC is also responsible for the issuing of financial licenses for use in the foreign exchange industry.
Today there is a great deal of interest from forex brokers looking for a BVI forex license. In 2010 the BVI Financial Services Commission drafted and put into law the Securities and Investment Business Act of 2010, which provided a newly assessed set of rules and regulations for forex brokers and other investment business firms to abide by, that are independent of previous acts. Prior to this, the Mutual Funds Act of 1996 regulated all investment activity in the BVI. The new act has brought all financial activity it up to the correct level of regulation for all investment business. Today, all BVI forex broker licenses are regulated by the BVI FSC.