An offshore company in BVI-British Virgin Islands can be big business. They hold the assets of the world’s wealthiest individuals and help them to avoid taxes and manage their business efficiently. Offshore companies in BVI have many advantages, as you will see below!
But they also have a dark side. They can be used to launder money, hide assets, and avoid regulation. In the wake of the Panama Papers leak, there has been increased scrutiny of offshore companies.