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.Offshore BVI services include offshore company incorporation and administration, provision of registered address andregistered agent, company management (directors and officers), nominee shareholders, bank account introductions andmanagement as well as corporate searches and filings, drafting of corporate and business documentation.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.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.