British Virgin Islands keen to attract more business

How to set up a hedge fund supplement, December 2010


Of these around 3,000 are hedge funds, making the BVI the world’s second-largest offshore hedge fund domicile, behind only the Cayman Islands.

Although the jurisdiction recently increased its annual regulatory fees for professional and private funds to $1,000 for the first time since the Mutual Funds Act came into force in 1996, the BVI remains less expensive than the Cayman Islands.

The government recently enacted an ambitious and wide-ranging law governing the regulation of all forms of

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