Offshore Bank Accounts


Does the British Virgin Islands share the bank account information with the IRS?

By default, no-one in the British Virgin Islands is going to pass Your offshore account information to any foreign agency. However, a BVI bank would be obliged to comply with a BVI court order, requesting to divulge such information. In principle, a BVI court order could be obtained, via litigation, by a foreign government or its agency. To obtain such court order, the foreign claimant would need to claim and prove in a (fairly reluctant) BVI court, that the request is directly rooted into and necessary for an ongoing criminal investigation on money laundering, fraud or other type of crime. If this is proven beyond reasonable doubt, then the BVI court may grant an information release order.