British Virgin Islands (BVI) is one of the oldest and most respected offshore financial centers in the world. BVI is widely considered as a benchmark, which the other offshore tax havens strive to emulate.It is experiencing a boom in joint venture work, both reflecting the increased globalisation of the world and the fact that the British Virgin Islands is the
ideal jurisdiction to structure a cross border joint venture company.
British Virgin Islands business company is a particularly efficient and useful vehicle to set up joint venture companies which must be neutral and acceptable to persons from different jurisdictions.It has an independent legal and judicial system based on English Common Law. The BVI financial services industry enjoys the advantages of having responsibility for its internal self-government, while maintaining the political and economic stability associated with being a British Overseas Territory.The form of offshore company in BVI is the International Business Company (IBC). IBC’s are very popular and well known for their flexibility and tax free status.
Advantages of the British Virgin Islands:-
* Tax Neutrality
* Regulatory Neutrality
* Modern Corporate Law Legislation
* Joint Venture Provisions
* Judicial Committee of the Privy Council (JCPC)
* Reputation of the Jurisdiction
* Largest Incorporation Jurisdiction in the world
Offshore jurisdictions have much advantageous different legal systems for those seeking asset protection and financial privacy. The money saved by keeping your finances away from prying eyes, thus, preventing lawsuits, safeguarding your assets from litigation and the increased financial privacy are some of the many reasons for going offshore.
An offshore company is a flexible business instrument and as such can be integrated into a wide variety of tax planning and asset protection arrangements. Reduced or deferred tax liability and increased confidentiality are just two of the benefits which can be achieved by proper application of an offshore company. The practical implementation of an offshore strategy will of course depend on the anti-avoidance laws that may be in force in the country where the beneficial owner is citizen, is domiciled or does business. Therefore to all potential customers we recommend to obtain a qualified tax advice from a specialist in Your country of residence, domicile or proposed business operations.
Act-Offshore can provides such kind of benefits. Act-Offshore Worldwide establishes and administers secure and efficient corporate and trust structures for expatriates, businesses, entrepreneurs, private individuals and families. Act-offshore.com is market leader in setup of offshore companies at best prices without intermediaries.
* Offshore Company Formation
* Offshore Bank Account
* Company Management
* Anonymous Creditcard
* European Company with VEAT
* Asset Protection