Highlights of the British Virgin Islands

• Excellent corporation law.
• Flexible company law.
• No taxes levied on offshore and banking transactions.
• No exchange control regulations.
• Political and economic stability.
• Excellent hotel accommodation.
• Excellent worldwide communication facilities.
• Skilled personnel.
• No capital gains, income or any other kind of tax.

Uses of British Virgin Islands Business Companies

• Holder of bank accounts, fixed deposits, investment plans and any other financial or commercial title.
• Owner of the shares of other companies or legal entities.
• Owner of apartments, houses, buildings, vessels and any other movable or immovable property or goods.
• Manager and promoter of business transactions.
• Leasing of vehicles, machinery, vessels and others.
• Borrowing or lending money, paying or receiving commissions’, royalties or others.
• Marketing and promotion of products and services.
• Other commercial and financial activities.

Mossfon Requirements

• Appropriate character references and other due diligence documents, as required.
• Mossfon directors and officers could be appointed.

Memorandum on BVI Vista Trusts Services
In principle, trusts and all subsidiaries and underlying entities must be legally under the control and independent management of the Trustee. These obligations are often in conflict with the wishes of the typical owners of family businesses, who only need share certificates to be kept in Trust. The Vista Trust includes provisions for the retention of share certificates by the Trustee (Mossack Fonseca & Co. (BVI) Ltd.) irrespective of the financial advantages of disposal, even prohibiting the Trustee from intervening in the management of the underlying companies except in certain circumstances. There are certain provisions in the VISTA TRUST for the appointment and removal of directors of underlying companies to the Trust in accordance with the terms of the Trust instrument.

Download here the complete Memorandum in Acrobat PDF.