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BVI legislation is modern and very flexible, there are more benefits

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than requirements, this has made it the base for IBC formation legislation

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in many Caribbean jurisdictions. They consider it to be the ideal model

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for establishing an international financial centre

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and attracting the world offshore community.

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The BVI are a British Overseas Territory, and this provides for the country

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exceptional political and economical stability and higher standard of living

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than in most countries of the region. This is

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an ideal financial and tax planning centre for international business

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that is seeking less publicity and more confidentiality.

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Personal privacy of any shareholder or director is well protected as their names

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do not appear in any BVI incorporation documents and public records.

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In their turn, shareholders and directors

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are ensuring confidentiality of beneficiary owners.

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The International Business Company is a corporate formation

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with limited liability, conducting no business in the BVI,

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fully exempt from the BVI income taxes and

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only paying annual nominal fee to the government.

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Seychelles IBC's are incorporated under the

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International Business Companies Act 1994, which enables for

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the formation of offshore companies

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with minimal compliance requirements and high confidentiality standards.