British Virgin Islands is one of the longest running offshore jurisdictions to date. As a consequence it has a well developed infrastructure for international operations. BVI also managed to resist the influence of big countries, so it manages successfully preserve its clients confidentiality.
Business companies are preferred for international transactions. They must have at least one shareholder and one director. Corporate directors are allowed and they do not have to be residents. There needs to be a registered office and an agent for the company. They must be at the BVI. For limited companies authorized to issue shares the annual fee can be as low as $350 or as high as $1,100 and depends on the number of shares. For companies not authorized to issue shares and unlimited companies: $350. For foreign companies: $300. There is no income taxation for BC. Annual return with details of directors and members is required only from foreign companies and unlimited companies not authorized to issue shares. Disclosure of profits and the audit of financial statements of a company are not required. The currency is US dollar or stated equivalent; there is no exchange control. Most of the times annual shareholders meetings can be arranged only when directors consider it necessary. They can be held anywhere in the world.