Account bank british in island offshore open virgin

Also, while BVI does not have a stock exchange, it is possible for a BVI company to be listed on a stock exchange elsewhere. There is no statutory requirement for capital to be fully or partly paid on incorporation. Now half way through , the BVI is the undisputed leader of the pack, with , IBCs accounting for nearly half the territory's national income in management fees. Thank you. Identity of the beneficial owners must be disclosed to the authorities prior to incorporation and the granting of tax exempt status. Many people seek this arrangement for financial privacy, tax savings or asset protection. There are no residence or nationality requirements for shareholders, except if the company owns property in the Territory.

The capital, Road Town, is located on Tortola, the largest island. This means that international finance watchdog organizations. Other jurisdictions. Banking secrecy can guarantee that information about the client, while being known to the bank, is strongly protected by the law, and there may be severe financial and criminal penalty for its disclosure.