BVI IBC's can:

Engage in all the activities which, although may take place within the BVI, still do not mean "carrying on business" in the BVI, i.e.:

• Make or maintain contacts with any professional persons or companies having business within the BVI;
• Hold meetings of directors and shareholders in the BVI;
• Make or maintain deposits with a person having banking business in the BVI;
• Prepare and maintain books and records within the BVI;
• Lease property to use it as an office from which to communicate with shareholders, or where to prepare and maintain books and records of the company;
• Hold shares, debt obligations and other securities in a company incorporated in the BVI or owned directly or indirectly by BVI company.

Perform all international corporate activities except for doing business with BVI residents, providing service of registered office or agent for other companies incorporated in BVI, own an interest in real estate or other property in BVI, other than leasing an office.

Perform the following activities that require licensing:

• Carry on banking or trust business
• Carry on business as an insurance or re-insurance company, agent or broker
• Carry on business as a company manager