You are totally right, personally I would rather go with a risk free solution even while being a small fish, always safer to go by the book.Well it’s a matter of your risk appetite.
Maybe they will never enforce it or they will be forced by the EU to close all the loopholes.
I know i would not build a business relying on tax administration not enforcing the law.
BVI would not work without substance so you need somebody there and you also need to find a bank account for BVI wich is not an easy task.
On the other hand it's still an option and if a rule is born solely because it's forced by the EU, the chance is huge that it will never be enforced, the country it is forced on simply gains nothing of it or even loses something, because of that taking that risk is an attractive option for many.
Perhaps not BVI, I'm not familiar with it but there are plenty of non-transparent entities we can use as holding, making a Cyprus setup kinda bulletproof for now.