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British Virgin Islands (BVI) is the most popular offshore jurisdiction

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in the world for International Business Companies (IBC's).

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BVI is a major international financial centre with offshore industry

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strongly supported by the government.

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BVI legislation is modern and very flexible, there are more benefits

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than requirements, this has made it the base for IBC formation legislation

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in many Caribbean jurisdictions. They consider it to be the ideal model

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for establishing an international financial centre

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and attracting the world offshore community.

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The International Business Company is a corporate formation

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with limited liability, conducting no business in the BVI,

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only paying annual nominal fee to the government.

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Seychelles Special License Company is a new entity regulated by the

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Companies (Special Licenses) Act 2003, with the status of a low-tax company

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and using all the benefits of double tax avoidance treaties

that are not accessible for Seychelles IBC's.