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IBN Offshore

BVI Offshore Company (IBC)
The law on the British Virgin Islands is familiar to most lawyers who deal with offshore matters, like IBN Offshore.
Flexible legislation allows the operation of the company to be almost totally dependent on the requirements of the client
A BVI only takes three business days to incorporate and they are exempt from all taxes.

A wide-range of applications are possible, including: investment, property holding, financial management, trading and copyrighting and/or licensing. Unlike many other jurisdictions, there are no public disclosure requirements, nor any minimum capitalization regulations, nor any prohibitive license fees pertaining to trust and trustee companies for application in private-label trust company, unit and mutual fund situations like it is necessary e.g. for the PCC of Mauritius.

IBN Licences & Ratings

FSB
FSB Licence

iquad
BEE Rating

IBN Network

Rainbow Cross Border Business Law AG
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News Highlight
19th Jan 2012

Interest Rate remains unchanged!

The South African Reserve Bank left its repo rate unchanged at 5.5% on Thursday as expected, with concerns about a slowing economy off-setting the pressures from inflation, which is likely to stay outside its target band for longer than previously expected.

At its first policy meeting of 2012, the bank raised its inflation forecast, saying it expected inflation to be outside its 3-6% target range throughout 2012, with the recent depreciation of the rand being the main ...[MORE]

>> IBN News-Archive

Exchange Rates

EUR: 10.03
USD: 7.62
GBP: 12.05
CHF: 8.32
AUD: 8.14
Click a graph to view the detailed version.
Rates are compliment of the ECB and will be updated once a day on weekdays only.

Date & Weather

Date: 04.02.2012
Time: 18:06

Capetown:

Temp.: 29 °C / 84 °F
Wind: S / 13 kn
Sunrise: 05:43
Sunset: 20:15

Johannesburg:

Temp.: 19 °C / 66 °F
Wind: VRB / 3 kn
Sunrise: 05:19
Sunset: 19:22
IBN News (28th May 2009): Further Interest Rate Cut as expected

News-Archive


Further Interest Rate Cut as expected - 28th May 2009

The South African Reserve Bank's monetary policy committee has cut the key repo rate by 100 basis points, bringing it down to 7.5%, with the prime lending rate dropping to 11%.

The repo rate is the rate at which the central bank lends to other banks, while the prime lending rate is the benchmark rate at which banks lend to customers.

The announcement came after economists said the Reserve Bank would be more worried by the dire gross domestic product (GDP) figures released earlier this week than the stickiness of the inflation rate. Tuesday's GDP figures showed a shocking 6.4% plunge in the first quarter of this year, after a 1.8% fall in the fourth quarter of 2008.

Inflation remained high at levels above the Reserve Bank's 3% to 6% target range in April, falling marginally to 8.4% from 8.5% in March, figures released by Statistics SA on Wednesday showed.
Click here to view the complete News-Archive.