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Real difference for companies in BVI and Cayman Islands

Are you thinking of setting up an offshore company and using an offshore bank account for a wide range of advantages? Perhaps you are holding back on doing these things as you believe the costs outweigh the benefits. The answers to these are: Offshore companies still benefit from tax savings,…
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BVI Tax Alert-Legislation on economic substance passed

The legislation is being introduced in response to concerns expressed by the Council of the European Union (EU) about the absence of clear general legal substance requirements for entities doing business in and through the BVI. The legislation reinforces BVI’s commitment to meet the requirements imposed by the EU Code…
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