BVI Business Company

The British Virgin Islands is a self-governing, politically stable British Crown Colony with a self-legislative assembly and has become an important centre for offshore business activities. The legal system is based on the English Common Law.

The British Virgin Islands are a group of about 50 islands situated in the Eastern Caribbean 60 miles east of Puerto Rico and 180 miles north of Antigua. Road Town on the main island of Tortola is the capital. English is the official language of BVI.

Advantages of BVI                                                       
Exemption from all local taxes for BVI Business Companies conducting
     business outside of the BVI
Well developed financial services industry
Common law legal system based on English law
Well developed professional infrastructure
Excellent telecommunications system
Easy air access to North America and Europe
No foreign exchange restrictions.

BVI companies and all amounts paid by them to non-residents are exempt
     from all local taxes and stamp duty.
Upon the sale or transfer of shares of a BVI BC to a third person, capital
     gains tax is not payable under the BVI law.
BVI companies are not required to file tax returns or any other type of
     report or declaration to the BVI government regarding foreign-source income.

Privacy and Disclosure                                                                 
Information about beneficial owners, shareholders, directors and officers
     is not filed with the BVI government, and not available to the public.

Transfer of Funds                                                                       
There are no currency exchange and transfer of funds controls in BVI,
     no approval need be obtained for the transfer of dividends, interest,
     royalties other profits or for repatriation of capital.
Companies are permitted to repatriate all profits, dividends and
     management charges.