The government is responsive to the country business needs, and its legislation is mostly flexible and straightforward. No-tax offshore vehicles (IBCs) are available, and domestic taxes are not high in any event. The BVI has emerged as a leader in emerging market corporate finance.
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COUNTRY:
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BRITISH VIRGIN ISLANDS
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|---|---|
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Region:
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Caribbean
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Currency:
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US dollar (USD) (US$)
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Languages:
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English
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Time Zone:
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UTC -4
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Phone Code:
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+1284
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Communications:
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Good
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Formation Cost:
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900 - 1700 USD$
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Formation Time:
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2 - 4 days
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Maintenance cost:
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400 - 800 USD$
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Suitable for:
- Wealth Management,
- Banking,
- Insurance,
- Fund Management,
- Shipping,
- Aviation,
- Yachting,
- Trading Financial,
- Intellectual Property/Licensing,
- Holding Companies,
- E-commerce,
- Property Ownership
Vehicle Types:
- Limited companies,
- public limited companies,
- trusts,
- general partnerships,
- limited partnerships and international business companies
Capital primary business districts:
Road Town
Good Relationships:
United Kingdom, United States
Bad Relationships:
Burma, Cuba, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria
Tax Burden - Business:
Very Light
Tax Burden - Individual:
Very Light
Headline tax rates:
CIT 0%, PIT 0%, VAT 0%
Treaty Jurisdictions:
Switzerland
TIEA Jurisdictions:
TIEA Jurisdictions: Aruba, Australia, Austria, Canada, China, Curacao, Czech Republic, Denmark, Faroe Islands, Finland, France, Germany, Greenland, Guernsey, Iceland, India, Ireland, Netherlands, New Zealand, Norway, Poland, Portugal, Sint Maarten, Sweden, United Kingdom, United States
