What are the advantages and disadvantages of incorporating in the British Virgin Islands?
This was selected as Best Answer Hi Robert, ADVANTAGES – according to http://www.offshorecorporation.com: – Maximum security of assets includes the ability to transfer domicile – The directors may protect the assets of the IBC for the benefit of the IBC, its creditors and its members by transferring its assets to another company, trust, foundation, association or partnership; and merge or consolidate with any other company or foreign corporation in another accommodating jurisdiction. – International Business Companies are exempt from all local taxes and stamp duty – Maximum, confidentiality and anonymity are provided by BVI bearer shares being available by the absence of any requirements to file any organizational or accountancy information with the Registrar of Companies, (other than the memorandum of Articles of Association), and by share registers being available for inspection only by company registered shareholders or by order of the BVI court. DISADVANTAGES – according to http://
