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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.

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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: 18:00

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 (16th Aug 2010): DA and ID merge

News-Archive


DA and ID merge - 16th Aug 2010

The Independent Democrats'(ID) Patricia de Lille and the Democratic Alliance (DA)'s Helen Zille have hailed the merger of their parties as a marriage. Yesterday, amid great fanfare at the Kempton Park Civic Theatre, on the East Rand, De Lille and Zille announced a merger of their parties' membership, finances and structures.

De Lille promised to prove wrong analysts who have said the merger will not last.

Well-known political analyst Steven Friedman said he did not believe the merged parties were a significant threat to the ANC, and that the DA and ID working together would have no impact on the 2014 general election.

News that the two parties had started talking emerged last year, after claims that De Lille's popularity had run its course and that the Independent Democrats could no longer attract significant numbers of members.

De Lille and Zille confirmed yesterday that they were talking to small opposition parties such as the United Democratic Movement (UDM) under Bantu Holomisa and the Congress of the People (COPE) under Lekota, about further mergers.
Click here to view the complete News-Archive.