>The BVI offshore IBC formation legislation was implemented in 1984
< >and is constantly developed according to the demands and
< >requirements of international offshore community.
< >Personal privacy of any shareholder or director is well protected as their names
< >do not appear in any BVI incorporation documents and public records.
< >In their turn, shareholders and directors
< >are ensuring confidentiality of beneficiary owners.
< >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.
< >Seychelles offshore IBC stays asolutely tax-free if not carrying on business
< >in Seychelles. Other rules for Seychelles offshore companies are not to own
< >real estate in Seychelles and not to conduct banking and insurance operations.
< >Obvious advantages of offshore company formation in Seychelles are
< >tax efficiency, full exemption from income tax, withholding tax,
< >capital gains tax, inheritance or corporation tax, minimal compliance
< requirements, confidentiality and absence of foreign exchange control.