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Offshore jurisdictions provide unique opportunities for tax reduction and business development. Among the benefits of offshore industry, which now covers about a half of the world’s financial transactions, there are minimum requirements, high level of privacy, tax exemption. 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. According to the new BVI Business Companies Act, Registered Agent is required for all British Virgin Islands companies, regardless of company type and sphere of business operations. The requirement equally refers to onshore and offshore companies. The British Virgin Islands are politically stable offshore jurisdiction with excellent commercial and professional infrastructure and developed communication facilities. Now the BVI is the most popular jurisdiction for incorporations, with over 300,000 business companies registered and used for all kinds of international business activities.
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