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[var.mega_tests]
| > The Gibraltar Non Resident company is practical and cost efficient
< > type of company for offshore international business activities.
< > It is an excellent alternative to the Irish non-resident company
< > which was very popular as offshore vehicle until 1999.
< > 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.
< > The new BVI Business Companies Act provides full tax exemption
< > to all offshore corporate formations registered there
< > and ensures modern and flexible business environment.
< > BVI offshore sector includes International Business Company,
< Limited Partnership and Trust, all of them not liable to any taxes.
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