Why Form A Corporation In BVI IBC
The British Virgin Islands is a group of islands, located in the Caribbean basin 60 miles east of Puerto Rico. Rather than the Government of Great Britain, the Chief Minister of the BVI is liable for financial services sector. Road Town, on the Tortola Island, is the capital and financial centre of the British Virgin Islands. When it comes to corporate registration, BVI has gradually become most popular of the Caribbean jurisdictions. The highest standards as regards efficiency of corporate registration, political stability and legal system, privacy & confidentiality, prices and fees make this jurisdiction most owned offshore jurisdictions. It has no direct tax treaties with the UK, however, it has respective treaties with Switzerland and Japan. In last few decades, BVI IBC has seen remarkable growth and hence, the Government has actively encouraged the development of the offshore finance business.
A BVI IBC is one of the widely popular choices for asset protection and financial privacy. It offers a huge number of benefits to foreign investors and businesses. One of the major benefits is that it offers the maximum security of assets including the ability to transfer domicile. The directors may protect the assets of the IBC (International Business Companies) by transferring its assets to another company, foundation, trust, association or partnership; and consolidate or merge with any other foreign corporation or company in another accommodating jurisdiction for the benefit of the IBC, its members, and its creditors. Additionally, an IBC is exempt from stamp duty and all local taxes.
Another major benefit is anonymity. Confidentiality is one of the key features of the BVI IBC as details of the company beneficial owners, shareholders and directors are NOT part of any public record. Register of Directors, Register of Members, and all Minutes and Resolutions by the Company are retained only at the offices of the Registered Agent in thorough confidentiality. However, these files are accessible for inspection to the Company shareholders. Memorandum and Articles of Association are the only documents that are held in the public record. However, these documents don’t contain any sort of indication of the directors, the actual shareholders and the beneficial owners of the company. Additionally, if the owners of the specific company so wish, the register of Members and/or the register of Directors may be filed with the registrar of companies.
With BVI IBC, a huge range of applications are possible including property holding, investment, trading and copyrighting, licensing, and financial management. There is no need of any disclosure requirements or any minimum regulations or any type of prohibitive license fees. Additionally, Formation of BVI IBC is cost effective and offers greater offshore asset protection, political stability and growth opportunities.
A BVI IBC is one of the widely popular choices for asset protection and financial privacy. It offers a huge number of benefits to foreign investors and businesses. One of the major benefits is that it offers the maximum security of assets including the ability to transfer domicile. The directors may protect the assets of the IBC (International Business Companies) by transferring its assets to another company, foundation, trust, association or partnership; and consolidate or merge with any other foreign corporation or company in another accommodating jurisdiction for the benefit of the IBC, its members, and its creditors. Additionally, an IBC is exempt from stamp duty and all local taxes.
Another major benefit is anonymity. Confidentiality is one of the key features of the BVI IBC as details of the company beneficial owners, shareholders and directors are NOT part of any public record. Register of Directors, Register of Members, and all Minutes and Resolutions by the Company are retained only at the offices of the Registered Agent in thorough confidentiality. However, these files are accessible for inspection to the Company shareholders. Memorandum and Articles of Association are the only documents that are held in the public record. However, these documents don’t contain any sort of indication of the directors, the actual shareholders and the beneficial owners of the company. Additionally, if the owners of the specific company so wish, the register of Members and/or the register of Directors may be filed with the registrar of companies.
With BVI IBC, a huge range of applications are possible including property holding, investment, trading and copyrighting, licensing, and financial management. There is no need of any disclosure requirements or any minimum regulations or any type of prohibitive license fees. Additionally, Formation of BVI IBC is cost effective and offers greater offshore asset protection, political stability and growth opportunities.
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