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[var.mega_tests]
| > Seychelles offshore IBC stays asolutely tax-free if not carrying on business
< > in Seychelles. Other rules for Seychelles offshore companies are not to own
< > real estate in Seychelles and not to conduct banking and insurance operations.
< > The most common and advantageus way of offshore company formation in
< > Seychelles is incorporating an IBC, which is an ideal offshore instrument
< > for international business and investment activities.
< > 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.
< > The new BVI Business Companies Act provides full tax exemption
< > to all offshore corporate formations registered there
< and ensures modern and flexible business environment.
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