Today one can forget about BVI as a jurisdiction to incorporate their business, it's complicated and provides almost no security any longer.BVI offshore company formation was among the first to request outrageous documents, so the Seychelles was following and I wonder who is next!
If someone has an IBC anywhere in the world, if it is ready, i would suggest to keep it and to see what you can do with it.If one already has a BVI IBC with bank accounts, assets etc, would you recommend incorporating elsewhere and shifting these assets? Or is it more a problem with new incorporations?
Yeah same thing. Some offshore jurisdiction don't allow the wording IBC but rather call the LTD or similar!Isn't it all the same as long as the company does not do business locally you can call it a IBC even companies not registered in an offshore jurisdiction may be called IBC's