Monday, November 05, 2007

The Number of BVI Business Companies Exceeded the 800,000 level in the Second Quarter 2007

By the data provided last week in the BVI FSC 2nd Quarter Statistical Bulletin for 2007, the total number of BVI Business Companies achieved 802,850 by June 30 of this year. According to the BVI companies registration statistics that shows the dynamics of companies' growth in 2006, the number of new registrations is constantly increasing, and the data for the second quarter 2007 confirm the continuing growth.

Just simple illustration by 5-year statistics of BVI business companies registered in the first quarter and in half a year (not cumulative):

YearCompany incoporations in Quarter 1

YearBVI Company incoporations in half a year

The statistical bulletin also includes the statistics of banking & fiduciary industries: in the first half of the year 2007 there are one Class I Trust, one Class III Trust and three Restricted Class II Trusts registered.

The investment business sector statistics indicated that 24 new Mutual Fund Managers have been registered in the BVI, 154 new Professional Funds, 48 new Private Funds and 2 new Public Funds. The cumulative number of BVI registered Funds as at 30 June 2007 is 1548 Professional, 791 Private and 211 Public Funds. By the structure of BVI registered Funds, during the first half of the year 2007 the proportion of Professional Funds (by the number of Funds) increased from 59% to 61%, but the portion of Private Funds and Public Funds has reduced from 32% to 31%, and from 9% to 8% respectively.

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