Status: | British Overseas Territory |
Principal Language: | English |
Legal System: | BVI legislation |
Judicial Branch: | Eastern Caribbean Supreme Court |
Population: | 28,280 (2012 est.) |
Location: | East of Puerto Rico; 18.25 N, 64.36 W |
Climate: | Sub-tropical with the temperature range from 29 degrees celcius in the summer to 27 degrees celsius in the winter. |
Capital: | Road Town, Tortola |
Area: | 154 sq km |
Monetary Unit: | United States Dollar |
International Dialling code: | +1 284 |
Airport: | Beef Island, EIS |
Timezone: | -4 GMT |
The British Virgin Islands ("BVI") is a British Overseas Territory. As a British Overseas Territory, legislation is based on the British Legal System and English Common Law; the United Kingdom Privy Council is the final Court of Appeal. Since the introduction of the International Business Companies Act in 1984 to the current Business Companies Act 2004 (as Amended) ("BCA"), the legislation has made significant progress in developing the BVI as a leading international financial services centre. The BCA is the principal legislation which governs the formation and management of the majority of companies incorporated in the BVI.
Alexander Lower
Managing Director, Licensed Insolvency Practitioner, PwC British Virgin Islands
Tel: +1 284 494 4100