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British Virgin Islands
British Virgin Islands
(www.offshore-manual.com)
The BVI government recognizes the importance of its offshore business. Following the termination of the income tax treaty with the U.S. in 1982, the International Business Ordinance was introduced in 1984. This provides for the incorporation of companies exempt from BVI taxes. The success of the financial sector in the British Virgin Islands (BVI) is due almost exclusively to its role as the world's leading jurisdiction for international business companies (IBCs).