The BVI International Business Company (IBC)
Brief Overview:
As an offshore financial center, the British Virgin Islands enjoys one of the prosperous economies driven by financial services sector.
Key features:
- Tax – tax exempt as long as the profits of the company’s operations take place outside of BVI
- Confidentiality – Information regarding the directors, shareholders and beneficial owners of the company is not available to the public and not part of any public record in BVI.
- Shareholders – minimum number of shareholders is one corporate/individual
- Directors – minimum one director corporate/individual with no nationality restrictions
- Financial Statements – no requirement to file an annual tax return or financial statements