cryptohunter
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Offshore companies like British Virgin Islands (BVI) companies may still have a purpose despite new regulations, although the specifics depend on the regulations in question and the nature of the company.
In general, regulations have been introduced to increase transparency and accountability in the operation of offshore companies, and to prevent illegal activities such as tax evasion, money laundering, and corruption. However, some legitimate business activities, such as asset protection, liability management, and tax optimization, can still be carried out by offshore companies.
It's important to note that regulations and laws surrounding offshore companies can be complex and constantly changing, and seeking the advice of a professional is recommended.
In general, regulations have been introduced to increase transparency and accountability in the operation of offshore companies, and to prevent illegal activities such as tax evasion, money laundering, and corruption. However, some legitimate business activities, such as asset protection, liability management, and tax optimization, can still be carried out by offshore companies.
It's important to note that regulations and laws surrounding offshore companies can be complex and constantly changing, and seeking the advice of a professional is recommended.