BVI (British Virgin Islands) Chinese name British Virgin Islands, located between the Atlantic Ocean and the Caribbean Sea, covering an area of 153 square kilometers, is a member of the British Commonwealth. The British Virgin Islands is based on the British common law (its commercial company law includes some provisions of the Delaware law) and is implemented in conjunction with local regulations.
Because the British Virgin Islands companies do not have to pay taxes, they are not subject to foreign exchange controls, and the local government requires very little information for filing. Therefore, it has attracted many multinational companies and individuals to register BVI companies. At present, the British Virgin Islands has become one of the most popular offshore registration places in the world.