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Horizon Corporate Consultants Limited bringing corporate administration expertise to clients The British Virgin Islands Business Companies Act (2004) and its predecessor, The International Business Companies Act, (1984) have cemented the jurisdiction’s position as the world’s elite offshore company provider. The laws afford the following benefits:-
Lengthy track record ensures the certainty of the jurisdiction’s corporate law. The original IBC legislation led the offshore field for over 20 years. The corporate legislation is innovative and user-friendly. Minimum requirements for directors and shareholders are one of each. Non-BVI directors are permitted and they may be corporate. The opportunity to lower or eliminate prohibitive fiscal costs. Companies are exempt from British Virgin Islands taxation and most local stamp duties. Speedy company formation for rapid reaction to instant planning needs. Same-day incorporation is the usual practice. Maximum security of assets in order to safeguard clients’ accumulated wealth. Companies may transfer domicile to another accommodating jurisdiction and may transfer their assets to another company, trust, foundation, partnership or association. They may merge with any other British Virgin Islands company or foreign company where the laws of that company’s jurisdiction permit. Absence of onerous filing requirements minimises corporate maintenance. Corporate features enable flexibility and simplicity for estate planning. An extensive range of applications to increase clients’ fields of opportunity. Companies may be used for investment holding, financial management, property, yacht or ship owning, trading, copyrighting and/or licensing and, where appropriately licensed, mutual fund administration and captive insurance.
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