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The International Business Companies Act, 1984 [1] was a statute of the British Virgin Islands which permitted the incorporation of International Business Companies (IBCs) within the Territory. The Act played in a huge role in the economic and financial development of the Territory in the 1990s. It has been called " the most important piece of ...
International business company. An international business company or international business corporation ( IBC) is an offshore company formed under the laws of some jurisdictions as a tax neutral company which is usually limited in terms of the activities it may conduct in, but not necessarily from, the jurisdiction in which it is incorporated.
The British Virgin Islands company law is the law that governs businesses registered in the British Virgin Islands. It is primarily codified through the BVI Business Companies Act, 2004, and to a lesser extent by the Insolvency Act, 2003 and by the Securities and Investment Business Act, 2010. The British Virgin Islands has approximately 30 ...
The BVI Business Companies Act (No 16 of 2004) is the principal statute of the British Virgin Islands relating to British Virgin Islands company law, regulating both offshore companies and local companies. It replaced the extremely popular and highly successful International Business Companies Act.
The Hong Kong Basic Law, which is a law passed by the Chinese National People's Congress, came into effect in 1997, becoming the constitutional document in Hong Kong. [4] The law was passed in accordance with Article 31 of the Chinese Constitution, which authorized the establishment of Special Administrative Regions.
There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province.
A substantial body of British Virgin Islands law is dedicated to the regulation of what are collectively referred to as financial services. This broadly means offshore business which requires specific regulation. The key statutes dealing with financial services are: Securities and Investment Business Act, 2010; Banks and Trust Companies Act, 1990
Anguillan company law is primarily codified in three principal statutes: the International Business Companies Act (Cap I.20); [1] the Companies Act (Cap C.65); and. the Limited Liability Companies Act (Cap L.65). The Companies Act is generally reserved for companies engaged in business physically in Anguilla, and companies formed under it are ...