Offshore company in the British Virgin Islands (BVI) – General information
The British Virgin Islands (BVI) is a UK overseas territory located in the West Indies, near the Caribbean, and consists of 42 islands and rocks. The national capital is Road Town. The local population is 27,500. The US Dollar is the official currency. English is the official language. BVI is a major offshore zone and a widely acclaimed leader among the conventional offshore jurisdictions with zero taxation. BVI legislation provides company incorporation in a form of IBC (International Business Companies).
A new BVI company registration process
The registration process contains three main steps and takes 1-2 weeks.
- Verification and confirmation of a company name in Registrar of companies
- Preparation and submission documents to Registrar of Companies
- Legalisation of documents and delivery to a client.
You can buy a shelf company as well.
Offshore on BVI. Requirements for the company structure
- Board of directors – minimum one director (physical or legal person)
- Shareholders – minimum one shareholder (physical or legal person)
- It is obligatorily to have a registered office on BVI
- A secretary is not necessarily required
There is no requirements for mandatory payment of share capital. . The Law does not define minimum and maximum of share capital. In practice, the share capital is 50,000 shares with a nominal value of $ 1.00 each.
There are no financial statements or audit requirements, however every company is obliged to keep records and inform the registered agent of the address, where these records are kept.
BVI taxation provisions
Companies incorporated on BVI are totally tax exempted.
Information for submission to the Registrar
Name of the company, registration data and details of a director are due to be submitted to Registrar, however the details of beneficiary and shareholder are excluded from submission. The register of companies on BVI is is not accessible to the public.
If you decided to open an offshore company, our team will provide you with qualified services in order to register a company on BVI or anywhere else in the world. I If you have not enough time, you can always buy a ready offshore company on BVI.
For more information, please contact us, and our team will find the best solution for achieving your goals. We are always at your disposal.
|Minimal set of service|
|Set of documents with Apostil|
|Courier delivery of documents|
|Opening of bank account||$500|