| > BVI legislation is modern and very flexible, there are more benefits
< > than requirements, this has made it the base for IBC formation legislation
< > in many Caribbean jurisdictions. They consider it to be the ideal model
< > for establishing an international financial centre
< > and attracting the world offshore community.
< > The BVI are a British Overseas Territory, and this provides for the country
< > exceptional political and economical stability and higher standard of living
< > than in most countries of the region. This is
< > an ideal financial and tax planning centre for international business
< > that is seeking less publicity and more confidentiality.
< > 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.
< > The new BVI Business Companies Act provides full tax exemption
< > to all offshore corporate formations registered there
< > and ensures modern and flexible business environment.
< > Seychelles do not have double taxation agreements with other countries, hence
< information must not be shared with international business authorities.
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