BVI Offshore Bank Account

bvi offshore bank account

The information below provides details about the BVI offshore banking system, and details on opening a BVI bank account. You will find details on the governing body, as well as a list of financial institutions that operate in the British Virgin Islands.


British Virgin Islands Banking System

The December 2001 enactment of the Financial Services Commission Act, 2001 established the British Virgin Islands Financial Services Commission as an autonomous regulatory authority responsible for the regulation, supervision and inspection of all financial services in and from within the BVI. Such services include insurance, banking, trustee business, company management, mutual funds business as well as the registration of companies, limited partnerships, intellectual property and ships. As a result, the Commission now oversees all regulatory responsibilities previously handled by the government through the Financial Services Department. The Banking and Fiduciary Division ensures that all banks and corporate service providers operating in and from the BVI comply with international regulatory standards, established best business practices and relevant BVI laws.

The BVI has developed a modern financial infrastructure that handles the due diligence and business requirements of today’s banks and trust companies, starting with the Banks and Trust Companies Act of 1990 and continuing with amendments to the Act in 1995.

The Commission has also been tasked with new responsibilities including promoting public understanding of the financial system and its products, policing the perimeter of regulated activity, reducing financial crime and preventing market abuse.

Banking Institutions Operating

Currently there are the following banking institutions licensed in the BVI:

  • BANCO POPULAR DE PUERTO RICO
  • FIRSTBANK VIRGIN ISLANDS
  • FIRST CARIBBEAN INTERNATIONAL
  • LONDON INTERNATIONAL BANK AND TRUST COMPANY LTD
  • RATHBONE BANK (BVI) LIMITED
  • THE BANK OF EAST ASIA (BVI) LTD
  • VP BANK (BVI) LTD
  • SCOTIABANK (BRITISH VIRGIN ISLANDS) LIMITED

To open a BVI offshore bank account, or to learn more about BVI offshore banking, Contact Us today.