Restrictions on trading

Cannot trade within British Virgin Islands or own real estate there. Cannot undertake the business of banking, trust company, insurance, mutual fund and related businesses, assurance or reinsurance. However, the legislation does allow an IBC to carry on the following activities within British Virgin Islands:

  • make or maintain deposits with local banks in British Virgin Islands;
  • make or maintain professional contact with persons in British Virgin Islands;
  • prepare or maintain books and records within British Virgin Islands;
  • hold meetings of its directors or members within British Virgin Islands;
  • hold lease of property for use as an office in British Virgin Islands;
  • own a vessel(s) registered in British Virgin Islands;
  • hold shares in another British Virgin Islands IBC.

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