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| ► 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 BVI are a British Overseas Territory, and this provides for the country
◄ ► exceptional political and economical stability and higher standard of living
◄ ► than in most countries of the region. This is
◄ ► an ideal financial and tax planning centre for international business
◄ ► that is seeking less publicity and more confidentiality.
◄ ► 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.
◄ ► There is no universal way of establishing an offshore entity -
◄ ► each business situation needs the individual configuration
◄ ► of an offshore company. If properly organized,
◄ ► Gibraltar offshore company allows to improve business efficiency, to get
◄ substantial tax benefits, to reduce costs and maintain confidentiality.
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