The BVI has one of the most stable and prosperous economies in the Caribbean. It is highly dependent on tourism, which generates an estimated 45% of the national income. More than 934,000 tourists, mainly from the US, visited the islands in 2008.
In the mid-1980s, the government began offering offshore registration to companies wishing to incorporate in the islands, and incorporation fees now generate substantial revenues.
The adoption of a comprehensive insurance law in late 1994, which