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An offshore company is an effective tool how to reduce investors’ tax burden, protect their assets from lawsuits, and protect their confidentiality. For the highest level of confidentiality, most investors select to order nominee services. To make incorporation more time-saving and convenient, it is possible to select from a number of shelf companies. Every offshore tax haven has its version of IBC legislation. Belize IBC is a perfect offshore vehicle for international financial business. A tax haven is an offshore jurisdiction where certain taxes are levied at very low rate or even at zero level. Belize is one of the most popular offshore tax havens. The Belize IBC enjoys total exemption from all forms of taxation in Belize and it can freely open and maintain the offshore account. The main advantages of Belize offshore jurisdiction are the fastest offshore company registry which provides for time-saving incorporation of new company, reduced taxation only with few conditions, and no reporting requirements. The BVI IBC was introduced in 1984 with the International Business Companies Act, which granted all BVI IBC’s complete exemption from tax, including capital gains tax and withholding tax. Then, the BVI government has strengthened and enhanced corporate legislation in the jurisdiction. The flexible and modern legislation that enables for fast and low cost incorporation has made the BVI extremely popular in the offshore market. The function of the BVI Registered Agent is to incorporate the offshore company for the client and to sign the formation documents on behalf of the client. This makes unnecessary for the actual owner of the company to travel to the British Virgin Islands in order to sign the offshore incorporation paperwork. Offshore BVI services include offshore company incorporation 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.
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