IBC, BVI

Taxation in the British Virgin Islands is relatively simple by comparative standards; photocopies of all of the tax laws of the British Virgin Islands would together amount to about 200 pages of paper. Taxation in the British Virgin Islands is mostly notable for what is not subject to taxation. The British Virgin Islands has:
• No capital gains tax
• No gift tax
• No sales tax or value added tax
• No profit tax
• No corporation tax
• No inheritance tax or estate duty, but
Income tax rate in the BVI is set at zero.

Some IBC benefits
• One shareholder and one director (both may be private persons or corporate entities)
• Corporate officers are not required
• Annual general meetings are not required
• Bearer shares are permitted
• Company needs only keep those accounts and records that are considered appropriate by the Director(s)
• BVI authorities need not to be informed of the identity of the IBC's shareholders or directors