Country
BRITISH VIRGIN ISLANDS
International Business Companies (IBCs) are incorporated under the Companies Act 1985, International Business Companies Ordinance 1984 (as amended) and the Banks and Trust Companies Act 1990.
| Type of Company | IBC (International Business Company) |
|---|---|
| Common or Civil Law | Common |
| Disclosure of Beneficial Owner | No |
| Migration of Domicile permitted | Yes |
| Tax on Offshore Profits | Nil |
| Standard Authorised Share Capital | 50,000 US Dollars |
| Bearer Shares Allowed | Yes |
| Minimum Number of Shareholders | One |
| Minimum Number of Directors | One |
| Company Secretary Required | No |
| Corporate Directors Permitted | Yes |
| Corporate Secretary Permitted | Yes |
| Registered Office/Agent Required | Yes |
| Local meetings | No |
| Government Register of Directors | No |
| Government Register of Shareholders | No |
| Annual Return | No |
| Annual Submission of Accounts | No |