BVI is the most recognized offshore tax haven in the world. BVI Company has reached the top of popularity among global offshore company formations. BVI has been a popular place for matters such as offshore incorporations and boat registration. It consists of 60 rocky and hilly islands and the infrastructure facilities of BVI are excellent and the economy is totally dependant on tourist industry which generates revenue almost 21% of the national income. The political and legal factors contribute a lot to draw attention of entrepreneurs and visitors. It is a British ruled territory; therefore there is democracy and political stability. The legal or judicial system is based on English Common Law. Bvi company formation earned its success in the offshore services industry by adopting extremely well-written and flexible law on offshore corporations i.e. the BVI International Business Companies Act 1984. a lot of companies have been registered under its Act. Apart from this, Bvi Company Formation has few more remarkable features i.e. no need to state the monetary value of its authorized capital, no requirement to file the particulars of directors or shareholders with the Registrar of Companies, no financial reports or accounts are required for filing and no operational objects need to be stated in the Memorandum of Association of the company.