International Business Companies Act

International Business Companies Act

The International Business Companies Act, 1984 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.

The original Act was copied widely by other offshore financial centres.

Read more about International Business Companies Act:  Enactment, Growth, Repeal, External References

Famous quotes containing the words international business, business, companies and/or act:

    International business may conduct its operations with scraps of paper, but the ink it uses is human blood.
    Eric Ambler (b. 1909)

    Method goes far to prevent trouble in business: for it makes the task easy, hinders confusion, saves abundance of time, and instructs those that have business depending, both what to do and what to hope.
    William Penn (1644–1718)

    Socialite women meet socialite men and mate and breed socialite children so that we can fund small opera companies and ballet troupes because there is no government subsidy.
    Sugar Rautbord, U.S. socialite fund-raiser and self-described “trash” novelist. As quoted in The Great Divide, book 2, section 7, by Studs Terkel (1988)

    It would be one of the greatest triumphs of humanity, one of the most tangible liberations from the constraints of nature to which mankind is subject, if we could succeed in raising the responsible act of procreating children to the level of a deliberate and intentional activity and in freeing it from its entanglement with the necessary satisfaction of a natural need.
    Sigmund Freud (1856–1939)