The Islands are a British dependent territory with a mostly British legal system and enacted legislation for forming offshore companies in 1981. Once approved by the Financial Services Commission, a company can quickly be registered in one of the several choices of structure - e.g., IBC, Limited Life, Hybrid. Popular with Canadian investors.

• No objects clause in Memoranda
• 20 year tax exemption guarantee
• Shelf companies available
• No stamp duty
• No minimum capital requirement
• Company migration permitted
• Choice of company structure
• No disclosure of beneficial owners