British Virgin Islands Business News

The analysis of the latest events in BVI and worldwide, affecting BVI business environment; facts and statistics on BVI International Business Companies involved in global business activities.

Thursday, July 06, 2006

Fidelity Overseas Group

Fidelity Overseas group is in offshore business for more than 10 years. There are 2 other Fidelity Overseas group companies licensed to provide offshore company formation and management services. One is located in Gibraltar, another in the Seychelles.

Fidelity Corporate Services Gibraltar is the oldest company in the group. It is licensed by the Gibraltar Financial Services Commission to provide offshore company formation and management services. It includes provision of the registered address, agent and resident secretary, provision of company management and administration services for Gibraltar non-resident companies.

Fidelity Corporate Services Seychelles is licensed by the Seychelles International Business Authority (SIBA) as an International Corporate Service Provider with license number 004. Seychelles International Business Company or IBC is the basic offshore product in the Seychelles. It is quite similar to British Virgin Islands IBC with several differences (for example, bearer share regime is more democratic, much like BVI IBC Act before 2004). Another product - Special License companies (CSL) introduced by Seychelles Companies (Special Licenses) Act 2003 starts to gain quite substantial popularity due to it’s low tax nature (different from zero-tax for Seychelles IBC or British Virgin Islands BC) which allows to utilize them in business transactions with counterparts located in high-tax countries with serious fiscal countermeasures against the traditional zero-tax companies.

Fidelity Corporate Service BVI is the newest corporate services provider in the group adding BVI offshore services and BVI business companies to the list and making group a serious choice for people looking for global solutions in conjunction with local expertise.

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