Yes. You can refer to it as a BVI offshore company or a BVI BC (BC - business company). There is actually a distinction between a BVI IBC and a BVI BC since old companies were incorporated under IBC legislation and newer companies (post 2006) under BC legislation. All of the old companies were then "converted" to BC legislation and if you speak with a BVI professional, he/ she will correct you if you refer to a BVI offshore company as a BVI IBC. :S -confused: