BVI records strongest first quarter for new companies in 4 years

The BVI has recorded its strongest first quarter for new company incorporations in four years, according to the latest Quarterly Statistical Bulletin published by the BVI Financial Services Commission (FSC).

The bulletin shows that 7,630 new companies were incorporated during the first quarter of 2026, representing a 10.04 percent increase compared to the same period in 2025. Incorporations were also 7.63 percent higher than in the first quarter of 2024 and 31.58 percent higher than in the first quarter of 2023.

The results mark the highest first-quarter incorporation figures since 2022 and continue the positive momentum seen across the jurisdiction’s financial services sector.

The total number of active companies on the BVI register now stands at 362,165, underscoring the territory’s continued appeal as an international financial centre.

The report also highlighted significant growth in limited partnership activity. A total of 154 new limited partnerships were formed during the quarter, more than double the number recorded in the first quarter of 2025.

Commenting on the results, BVI Finance CEO Elise Donovan said: “The latest FSC Quarterly Statistical Bulletin demonstrates the continued strength and resilience of the BVI as an international financial centre. These results reflect a continued confidence in the jurisdiction from businesses, investors and advisers around the world and reinforce the important role the jurisdiction plays in facilitating global investment and cross-border commerce.

“The growth highlighted in this quarter’s bulletin reflects continued demand for BVI structures from investors and global business, and notably growing demand in the fintech and digital assets space, demonstrating the breadth and strength of the jurisdiction’s offering. At a time when businesses are operating across increasingly complex regulatory and economic environments, the BVI continues to provide the legal certainty, stability and flexibility that international businesses require.”

Meanwhile, Junior Minister for Financial Services Lorna Smith said the figures demonstrate the jurisdiction’s continued competitiveness.

“The FSC’s results are a clear indication of the continued global demand for BVI financial services and the confidence that international businesses place in our jurisdiction. The growth recorded during the first quarter of 2026 highlights the strength of our regulatory framework, the quality of our professional services industry and the ongoing commitment of the Government and industry stakeholders to ensuring the BVI remains competitive on the global stage,” she stated.

In addition to strong company formation activity, the bulletin highlighted continued growth across several areas of the financial services industry, including investment business, virtual asset service providers and fiduciary services.

The FSC said the figures reflect the breadth and diversity of the jurisdiction’s financial services offering as the BVI continues to position itself as a leading centre for investment, wealth management, funds, fintech and cross-border business activity.