The British Virgin Islands, which currently follows common law rules for the regulation of trusts, with its history of financial and political stability is even now a very desirable situs for asset protection trusts even though its laws do and will provide less protection from direct attack than certain other jurisdiction. As a matter of interest, British Virgin Island corporations are often preferred when a corporate entity is required since they can be formed relatively quickly and cheaply. Bearer shares are permissible, thus permitting strict confidentiality.