The BVI Business Company is governed by the BC Act 2004, which replaces the IBC Act 1984. Thissophisticated law jurisdiction has made this one of the leaders in Offshore.
- No tax is paid by overseas activities.
- There is no obligation to file statements or tax returns.
- There is no obligation to conduct meetings of shareholders or directors annually.
- Minimum capital and capital based fees for incorporation.
- There may be registered or bearer shares, however since December 31, 2004 it is mandatory thatbearer shares be deposited in any authorized or recognized office.
- It only takes a director, whether natural or legal
- Any person, legal or natural, of any nationality, anywhere that is your home, you can be a director.