CAP 285 Companies
Incorporated under
the BVI Companies Act, CAP 285 Companies may be resident or non-resident
in the BVI for taxation purposes. The company is deemed resident if a
majority of the directors are resident in the BVI. Such companies may
be used for a variety of reasons, including:
- To benefit from
a double taxation treaty;
- To conduct activities
restricted for an IBC, such as doing business with persons in the BVI
or owning land in the BVI;
- As a foreign trading
or investment company, whereby a company that derives at least 90% of
its income from trading or investment outside the BVI may be taxed in
the BVI at the rate of one per cent;
- As a company limited
by guarantee, or as hybrid company limited by both shares and guarantee.
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