International Business Companies (“IBCs”) & Offshore LLCs
The British Virgin Islands International Business Company. As stated above, many foreign jurisdictions have taken the International Business Companies (IBC) Act of the British Virgin Islands (BVI) and adopted it with hardly any change. For this reason the BVI’s laws are the “gold standard” in IBC legislation. As such, this outline will cover some of the particulars of the BVI IBC law. History of the IBC in the BVI. The BVI Business Companies Act, 2004 (as amended, the Act), is the sole corporate statute in the British Virgin Islands (“BVI”) and regulates all BVI companies. The old International Business Companies Act,...
Continue reading