BVI Financial Services Sees Strong Growth In H1 2021

Incorporations up by 68% in H1 2021 v H1 2020 Limited Partnerships increase by 269% in H1 2021 v H1 2020 BVI firms act on tens of billions of dollars in transactions

The British Virgin Islands’ (BVI’s) financial services sector has continued to see strong growth in the first half of 2021, with a 68% increase in company incorporations and almost a three-fold (269%) increase in the registration of limited partnerships (LPs).

Activity has grown through each quarter, with Q2 2021 seeing an increase of 93% in company incorporations on the same period in 2020 and the number of LPs rising by 288%. The results of the latest statistical bulletin from the BVI Financial Services Commission show the continued vigour of BVI’s financial services industry in tandem with the wider global economic recovery.

In addition, BVI firms have worked on publicly announced transactions involving tens of billions of dollars of global transactions in the first six months of the year, from initial Public Offerings (IPOs) to complex acquisitions.