Benefits of a BVI International Business Company (IBC)

The International Business Company Act is made specifically to be applicable to the needs of international business. It makes possible to conduct the administration of an IBC either in the BVI or in another jurisdiction. BVI IBC's are easily operated, maintained and controlled – they can:

• Reacquire and reissue their own shares
• Issue shares for a consideration other than cash, with or without par value, denominated in any currency
• Have only one director of any nationality
• Have corporate shareholders and/or directors
• Have only one Subscriber and thereafter only one Member (Shareholder)
• Hold meetings of shareholders and directors, and maintain company books of accounts, records and minutes of meetings outside the BVI
• Hold meetings by telephone, facsimile, e-mail or any other means