BVI Maintains Leading Position as to Company Incorporations Activity

Global provider of offshore legal, fiduciary and administration services Appleby has published On the Register report, which provides information on company incorporations in offshore jurisdictions in the first half of 2014.

According to the report, total number of company registrations increased in offshore jurisdictions by 4%, compared to the previous six month period, and made 46,455 new companies. The British Virgin Islands remains dominating jurisdiction as to the volume of new company incorporations: in the first half of the year, 25,533 new companies were registered in the jurisdiction, which is a 6% increase on the previous six months. The BVI maintains far ahead of its follower – the Cayman Islands, which had the largest increase in new company incorporations in this period.

By words of Farah Ballands, Partner and Global Head of Fiduciary & Administration Services at Appleby, “This year is off to an encouraging start, with levels of active companies on the offshore company registers continuing to hold steady.”