Other Advantages of BVI IBC's:

• IBC company are exempt from all BVI taxes and stamp duties (except for registration and annual license fee), even in case if the company is administered within the BVI
• There are no minimum capital requirements
• It is not required to hold Annual General Meetings
• Only one director is required, which may be either physical person or a company
• Only one shareholder is required
• Both registered and bearer shares are allowed, and they may be converted from one to another
• Shares may be acquired and held by the company itself
• There are no restrictions on the nationality of shareholders and directors
• The service of nominee directors is allowed, to maintain anonymity when dealing with third parties. However, like in most other Caribbean jurisdictions, no details will appear in the public record
• Books and records of a company may be maintained anywhere
• Very competitive government costs and fees
• Flexible post-incorporation services
• Processing of certificates and documentation is conducted in a way to meet the unique business needs of individual clients
• Registered agents are authorized to verify and authenticate the signatures of all company directors and officers
• Directors have power to protect the assets of the company by transferring them to trustees, another company or other legal entities for the benefit of the IBC, its beneficial owners and/or creditors.
• It is allowed by the IBC Ordinance to re-domicile in the BVI the company incorporated in the other jurisdiction
• There is no requirement to file the accounts or annual summaries with the Government (the exception is annual fee form that should be completed and filed by the registered agent in the BVI.