Standard TimeAST |
UTC-4 |
Daylight Saving Time
|
Daylight saving time is not observed in the current region. |
IANA Time Zone |
America/Tortola |
settlement time compared to Beijing time (China) |
12 hours ahead |
The British Virgin Islands is a British Overseas Territory located east of Puerto Rico in the Caribbean Sea, comprising four main islands and more than 50 smaller islands. The capital is Road Town, with a population of about 30,000 people. The region is known for its stable political environment and sound legal system, and is one of the world's leading offshore financial centers.
Settlement business in the British Virgin Islands relies heavily on its offshore company registration system. Local laws allow for fast company registration and offer a high degree of confidentiality, tax exemptions and flexible capital structures. International companies often set up holding companies for cross-border trade settlement, asset management and investment holding, and its efficient banking system supports multi-currency settlements.
The region is governed by the English common law system and financial regulation is the responsibility of the Financial Services Commission of the British Virgin Islands, whose Economic Substance Act from 2023 requires companies to demonstrate the existence of real economic activity in the region, enhancing compliance while maintaining settlement efficiency and international credibility.
The islands are known for their white sandy beaches and crystal clear waters, and have a well-developed tourism industry. Business activities are supported by a modern telecommunications network and port facilities, which, combined with the official English language environment, make it an ideal settlement hub connecting the Americas, Europe and Asia.
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