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| ► BVI is a major international financial centre with offshore industry
◄ ► strongly supported by the government.
◄ ► 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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