Business Companies (BCs) are a popular vehicle for international businesses as they are exempt from taxes and estate and inheritance duties.

To qualify as BCs, companies, cannot:

• Conduct business with BVI residents
• Own any interest in real estate in the BVI
• Carry out any banking, trust insurance or reinsurance business without the necessary licence
• Provide registered offices for other BCs

Pearse Trust is experienced in offering taxation advice on the establishment and management of BCs in the BVI.