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About: International Business Companies Act     Goto   Sponge   NotDistinct   Permalink

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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. It has been called "the most important piece of legislation in BVI history since the emancipation". The original Act was copied widely by other offshore financial centres.