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COVERDALE TRUST SERVICES LIMITED is one of the BVI’s leading full service trust companies. Coverdale holds a Class 1 Trust License and has been licensed in the British Virgin Islands for over 20 years. Coverdale is licensed under the BVI Banks and Trust Companies Act 1990, to carry on Trust business and act as Registered Agent for companies incorporated in the BVI.
Our shareholders include two prominent Caribbean law firms: O’Neal Webster and Myers Fletcher and Gordon, both members of the prestigious Lex Mundi group of law firms.
The BVI offers political and economic stability, being a British Dependent Territory. The BVI provides a favourable environment for fast and efficient registration of companies and efficient regulation of trust companies due to a favourably structured administrative system. The Territory's official currency is the United States Dollar, having no exchange controls.
The BVI maintains a solid legal framework based on English common law, administered by a court system with a High Court, Court of Appeal and final appeal to the Privy Council in London. It also boasts a robust Insolvency legislation (passed in 2004) in keeping with international standards. The Securities and Investment Business Act provides an excellent framework for the establishment of public and professional Mutual Funds.
The BVI's innovative and flexible legislation, has helped to make BVI companies become recognized and accepted by banks, stock exchanges and governments throughout the world. As such, the Territory is maintained as the largest incorporator of companies in the world. BVI Business Companies benefit from there being no corporation tax as well as zero estate, inheritance, succession and gift taxes on individuals.