The British Virgin Islands (BVI) are a group of islands located about sixty miles due east of Puerto Rico. The British Virgin Islands is by far the most popular jurisdiction in the world for International Business Companies (IBCs).<\/p>\n
The BVI territory has been a true phenomenon for the establishment of offshore companies in recent years. It has rapidly become the premier offshore corporate Domicile<\/span> with more than 300,000 International Business Companies (IBCs) registered.<\/p>\n Financial Background <\/strong><\/p>\n Essentially, a modern IBC( an International Business Company ) is a private Corporation<\/span> which is exempt from Tax<\/span>, suitable for virtually any international business activity, has a flexible organizational structure, is not burdened by excessive reporting and record-keeping requirements, and maintains strict confidentiality provisions.A BVI Business Company is exempt from the BVI income Tax<\/span>, the same exemption applies to all dividends, Interest<\/span>, rents, royalties, compensations and other amounts paid by a company, and all capital gains realised with respect to any shares, Debt<\/span> obligations or other securities of the company. No estate, inheritance, succession or Gift<\/span> Tax<\/span> is payable with respect to any shares, Debt<\/span> obligations or other securities of a BVI BC.<\/p>\n The ‘VISTA’ law allows BVI trusts to exclude the so-called \u201cprudent man of business rule\u201d which has traditionally made the Trust<\/span> an unattractive vehicle to hold Long<\/span>-term assets and requires trustees to monitor and intervene in the affairs of Underlying<\/span> companies. The Act enables a shareholder to establish a Trust<\/span> of his company that disengages the trustee from management responsibility and permits the company and its business to be retained as Long<\/span> as the directors think fit.<\/p>\n Click here to find more information<\/strong><\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The British Virgin Islands (BVI) are a group of islands located about sixty miles due east of Puerto Rico. The British Virgin Islands is by far the most popular jurisdiction in the world for International Business Companies (IBCs). The BVI territory has been a true phenomenon for the establishment of offshore companies in recent years. … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51],"tags":[53,54,73,35,74,429],"_links":{"self":[{"href":"https:\/\/www.privatebanking.com\/blog\/wp-json\/wp\/v2\/posts\/106"}],"collection":[{"href":"https:\/\/www.privatebanking.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.privatebanking.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.privatebanking.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.privatebanking.com\/blog\/wp-json\/wp\/v2\/comments?post=106"}],"version-history":[{"count":4,"href":"https:\/\/www.privatebanking.com\/blog\/wp-json\/wp\/v2\/posts\/106\/revisions"}],"predecessor-version":[{"id":243,"href":"https:\/\/www.privatebanking.com\/blog\/wp-json\/wp\/v2\/posts\/106\/revisions\/243"}],"wp:attachment":[{"href":"https:\/\/www.privatebanking.com\/blog\/wp-json\/wp\/v2\/media?parent=106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.privatebanking.com\/blog\/wp-json\/wp\/v2\/categories?post=106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.privatebanking.com\/blog\/wp-json\/wp\/v2\/tags?post=106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}