>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 new BVI Business Companies Act provides full tax exemption
< >to all offshore corporate formations registered there
< >and ensures modern and flexible business environment.
< >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.
< >Seychelles offshore shelf companies are previously organized and
< >never used corporations, with registered capital and all the costs paid,
< >which can be purchased for customer's immediate needs, in order
< >to avoid the waiting time for incorporation, or for those clients
< >who wish to operate with long established offshore entity.
< >Seychelles do not have double taxation agreements with other countries, hence
< information must not be shared with international business authorities.