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The British Virgin Islands is a chain of 50 islands comprising 59 square miles. Approximately 15 of these islands are inhabited, of which the largest is Tortola with 21 square miles and a population of 19 Cheap Rodney McLeod Jersey ,000. The British Virgin Islands is a self-governing, politically stable British Crown Colony with a self-legislative assembly and has become an important centre for offshore business activities.

The islands boast two thriving economies, tourism and offshore investment. Major world banks and state of the art communications make the B.V.I. an ideal offshore financial centre. The U.S. Dollar is the legal tender in the B.V.I. and its official language is English.

Offshore companies International Business Companies (IBC聮s) There are in excess of 250 Cheap Jason Peters Jersey ,000 Offshore Companies currently registered in the islands. Making it one of the fastest growing offshore investments centres in the world.

Advantages of British Virgin Islands IBCs

International Business Companies are designed to facilitate business using various tax and administrative benefits with reasonable costs and maintenance fees. Total secrecy and anonymity is maintained, and there is no requirement to disclose the beneficial owners of the Company. There is no requirement to file annual returns or financial statements, or to hold annual general meetings of the shareholders or directors. These offshore companies or IBC's are exempt from all local tax and stamp duty. Maximum security of assets includes the ability to transfer domicile.

Confidentiality

There is no requirement for an IBC to file accounting or director information with the Registrar of Companies.

Flexibility

IBC's can re-acquire and re-issue shares for a consideration other than cash denominated in any currency.

BVI Offshore Company Applications

Applications include investment Cheap Brandon Graham Jersey , property holding, financial management, general trading and copyrighting or licensing.

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