>There is no universal way of establishing an offshore entity -
< >each business situation needs the individual configuration
< >of an offshore company. If properly organized,
< >Gibraltar offshore company allows to improve business efficiency, to get
< >substantial tax benefits, to reduce costs and maintain confidentiality.
< >British Virgin Islands (BVI) is the most popular offshore jurisdiction
< >in the world for International Business Companies (IBC's).
< >BVI is a major international financial centre with offshore industry
< >strongly supported by the government.
< >The BVI offshore IBC formation legislation was implemented in 1984
< >and is constantly developed according to the demands and
< >requirements of international offshore community.
< >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.