No requirement to publicly record any deeds or transactions of business. No requirement for financial statements or audit. Can issue shares for consideration other than cash. Can issue shares with or without par value. Authorized capital and shares may be denominated in more than one currency.
Voting trusts are available.
Provision is made for overriding any nationalization, expropriation or confiscation orders of foreign governmental authorities. IBC contracts for payments or transfers in which there are named payees or beneficiaries are not defeated by any law relating to intestacy or succession in the domicile of the person making the designation. Can merge or consolidate with any other BVI company or with a foreign corporation in another accommodating jurisdiction. Resolutions and minutes may be effected by faxed signature. Directors' and members' meetings need not be held in the BVI Meetings may be held by telephone or proxy.