The British Virgin Islands are world leaders for excellence and innovation in offshore financial services. As a British Overseas Territory, the BVI offers all the security and stability that is traditionally associated with the British flag. BVI , is the only Caribbean Overseas Territory to which the British Government has devolved responsibility for the development and management of its own financial services industry. BVI BC’s are a very popular and widely used offshore companies because of their administrative ease, flexibility, taxation exempt status and the fact that they are widely accepted and understood by the international financial community.