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The British Virgin Islands are a safe, confidential and stable offshore jurisdiction, with excellent corporate legislation and flexible company law. Offshore and banking transactions are not taxed in BVI, there are no capital gains, income or any other kind of tax. BVI company law provides minimum obligation to file any returns or reports. BVI IBC's are not obliged to prepare or file financial accounts, annual returns or records. However, the company must keep whatever financial records the company Directors feel enough to show and clarify the transactions carried out, and to determine the financial position of the offshore company. Offshore business is based on the legislation of offshore financial centres providing for certain advantages including tax, confidentiality and company structure, which can be used by non-residents establishing mēbeles in these jurisdictions. Besides tax, there are other benefits of offshore company formation, including anonymity, asset protection, possibilities of foreign property holding, limited liability in business transactions, unrestricted flow of capital and transfer of assets. Some Mēbeles however are limited in their activities due to restrictions that are placed on them by the jurisdictions. Trade benefits available to some companies may be closed to those incorporated in the finance centres due to their offshore location. Offshore BVI services include Mēbeles and administration, provision of registered address and registered agent, company management (directors and officers), nominee shareholders, bank account introductions and management as well as corporate searches and filings, drafting of corporate and business documentation. BVI offshore IBC company formation services provided by Mēbeles. In BVI, International furniture Companies are exempt from all local taxes and stamp duty. Excellent corporate features allow for ease of operation, maintenance and control of BVI offshore companies. BVI company incorporation is cost effective, offering great offshore asset protection benefits, maximum security and no taxation requirements.
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