British Virgin Islands: Latest data confirms fall in company incorporations during 2013

The British Virgin Islands has now published company incorporation data up to the last quarter of 2013.

11.376 companies were registered in BVI over the last three months of 2013, making a total of 53.321 new registrations during the year. This takes the total stock to 459.882 companies incorporated in BVI, or approximately 20 companies per capita.

However, BVI incorporations are on a downward trend: a 23% fall in the last quarter compared to the same period of 2012, and a 17% fall for the whole of 2013. In the chart below the columns show the incorporations per quarter, and the red line the % change compared to the same period of the year before.

BVI company incorporations 2012-13

BVI registration stats 3

Source: based on data from BVI Financial Services Commission

The year 2013 started with a 7% fall in company incorporations in the first quarter, and following Offshore Leaks in April the decline accelerates. It will be interesting to see what effect China Leaks has during 2014.

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