Positioning BVI For Asia’s Post-Pandemic Recovery

In the midst of the ongoing COVID-19 pandemic and resulting global economic downturn, the British Virgin Islands’ (BVI’s) financial services industry continues to thrive, retaining its global position as a leading International Financial Centre (IFC). With the exception of an initial downturn between March and May (2020), the financial services sector posted strong third and fourth quarter growth figures in transactional activity. By the close of 2020, BVI firms acted on over US$5 billion of global transactions, from Initial Public Offerings (IPOs) to complex debt restructurings, and revenue and incorporation numbers were only slightly below those of 2019. This positive growth trend has continued into the first quarter of 2021 with strong expectations that 2020’s numbers will be exceeded by the close of the year.

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