Legislation Changes

There are substantial differences when comparing BVI International Business Companies Act of 1984 with BVI Business Companies Act, 2004 (with 2005 amendments). The IBC Act 1984 that had been the basis of corporate legislation for 20 years was modified in some of its most important aspects. The purpose of these changes was to make the structure of companies more transparent. This chapter contains information about the new incentives in legislation concerning bearer shares, the increase of fees and other new requirements, as well as provides some alternative solutions allowing to get more offshore advantages.