| > BVI legislation is modern and very flexible, there are more benefits
< > than requirements, this has made it the base for IBC formation legislation
< > in many Caribbean jurisdictions. They consider it to be the ideal model
< > for establishing an international financial centre
< > and attracting the world 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.
< > 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.
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