BRITISH VIRGIN ISLAND OFFSHORE COMPANIES (IBC)
BENEFITS
Among the benefits that are specifically enjoyed are the following:
-
The IBC Ordinance assures a high level of confidentiality, since it does not require the registration or disclosure of the identities of the officers, directors nor shareholders.
-
Bearer and registered shares are permitted
-
Shares can be in any currency, and with or without par value.
-
There are no exchange controls in BVI and corporations may transfer funds with complete freedom.
-
BVI IBCs are exempt from all taxation capital gains, corporate earnings, personal income, sales, inheritance or dividends, except for an annual license fee.
-
IBCs can merge or consolidate with BVI or foreign companies where the merger is recognized by the law of the country of residence of the foreign company.
-
It is allowed to only have one director/officer for each IBC in BVI.
-
It is also allowed to only have one shareholder
-
The details of shareholders and/or directors do not have to appear on a public file.
-
BVI IBCs board of directors or shareholders meetings can be held outside the country's territories
