The BVI economy is almost entirely dependent on tourism and financial services. It is one of the more prosperous in the Caribbean, with a GDP per head of approximately $40,000. Nearly 50% of the Government's revenue comes directly from license fees for offshore companies. (There are approximately 450,000 companies registered in the BVI.)
The BVI says it operates a “robust regulatory and supervisory regime” in financial services, with a track record of international cooperation. The BVI has tax information exchange agreements (TIEAs) with most the OECD countries. The government has been eager to assure onshore authorities that the BVI operates a transparent regime with strict money-laundering and tax-evasion standards
Despite the fact that there are approximately 3,000 funds domiciled in BVI it has little infrastructure in comparison with Caribbean jurisdictions like Cayman or Curacao. It is primarily used for registration, with fund administration for example, usually done elsewhere.
Population (approx): 22,000