178 results found

BVI is home to more than 500,000 International Business Companies (IBCs). An IBC is a corporate vehicle having limited liability, which, provided it has no business activities in the British Virgin Islands, is wholly exempt from BVI tax on its income and from inheritance or estate tax on its shares. Only a nominal annual fee is payable to the Government (in most cases US$300).

The global financial crisis has sharpened the international focus on systems of corporate governance, not least in an effort to mitigate some of the systemic factors which may have contributed to the onset of the financial crisis.