The British Virgin Islands are a safe, confidential and stable offshore jurisdiction, with excellent corporate legislation andflexible company law. Offshore and banking transactions are not taxed in BVI, there are no capital gains, income or any other kindof tax.The function of the BVI Registered Agent is to incorporate the offshore company for the client andto sign the formation documents on behalf of the client. This makes unnecessary for the actual owner of the company to travelto the British Virgin Islands in order to sign the offshore incorporation paperwork.Offshore company is a useful tool how to separate yourself from your assets and get the new tax-saving opportunities. Legalprotection against lawsuits and other legal judgments is one of the main reasons for starting offshore operations.Incorporating offshore provides you, among other benefits, the exceptional privacy, but the other side to this benefit is that it willbe difficult for potential financial partners or investors to determine the real value of the business most part of which is movedoffshore. Sometimes, the investors are not likely to grant financial assistance to a business which is out of direct reach.The BVI IBC was introduced in 1984 with the International Business Companies Act, which granted all BVI IBC’s completeexemption from tax, including capital gains tax and withholding tax. Then, the BVI government has strengthened andenhanced corporate legislation in the jurisdiction. The flexible and modern legislation that enables for fast and lowcost incorporation has made the BVI extremely popular in the offshore market.According to the new BVI Business Companies Act, Registered Agent is required for allBritish Virgin Islands companies, regardless of company type and sphere of business operations. The requirement equallyrefers to onshore and offshore companies.British Virgin Islands Business Companies are usually incorporated using the English language. Provision exists for atranslation of the name to be included in the Memorandum and Articles of Association.BVI BC’s have minimal reporting requirements. The BVI offshore companies may be used for all kinds of commercial andfinancial activities, including holding, trading and investments. Excellent corporate legislation and flexible company lawmake BVI IBC an ideal vehicle for asset protection and financial privacy.Offshore corporations may be registered in a jurisdiction, with which they have no or minimal business contacts, in order tominimize taxes and liabilities. The best tax minimisation result may be achieved when one or more offshore corporations andtrusts are used in conjunction with, or as part, of an international tax plan.