>BVI is a major international financial centre with offshore industry
< >strongly supported by the government.
< >The International Business Company is a corporate formation
< >with limited liability, conducting no business in the BVI,
< >fully exempt from the BVI income taxes and
< >only paying annual nominal fee to the government.
< >BVI offshore sector includes International Business Company,
< >Limited Partnership and Trust, all of them not liable to any taxes.
< >Seychelles IBC's are incorporated under the
< >International Business Companies Act 1994, which enables for
< >the formation of offshore companies
< >with minimal compliance requirements and high confidentiality standards.
< >Seychelles do not have double taxation agreements with other countries, hence
< information must not be shared with international business authorities.