Monday September 6, 2010
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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.



Recent Instructions

Extensive residential, hotel and golf course development in South Africa - €40m

UK Expat based in Moscow looking to relocate family back to UK. Seeking mortgage at 75% of purchase price.

Expat with property based in Channel Islands. Seeking mortgage of £150,000 on property valued at £250,000 to refinance from current lender and small equity release.

Singaporean clients looking to purchase London property at £450,000 for rental investment opportunity. Loan required of £300,000

Expat based in China seeking a refinance of UK property valued at £235,000. Existing lender would not renew as borrower no longer UK resident.

Singapore based Lawyer seeking finance for refinance and equity release on existing UK property to purchase additional investment property - £400,000

New Zealand based client with property in London valued at £450,000. Seeking refinance and equity release to purchase New Zealand residential property for own occupation - £250,000

€50m of funding for a commercial development scheme located in Estonia

Swedish client owns a 15 unit residential property on Fulham Road, Chelsea through a BVI company. Refinance sought on improved terms with a 5 year interest only facility - £3.2m

Refinance and equity release of three high-end apartments for lawyer based in Cayman Islands - £2.7m

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