The benefits for companies in BVI:
- Attractive and loyal legislation for offshore operations.
- High level of confidentiality: no disclosure of beneficiary, shareholder or director information.
- Any private individual can be a beneficiary.
- Re-domiciliation from any country allowed.
- No minimum or maximum capital and capital payment requirements; declaration of any currency.
- No personal visit to the bank is required to open a bank account.
- Company administration is very simple with no requirement for a large number of staff.
- No exchange controls.
- No requirement for annual meetings of shareholders; if needed, the meetings can be held anywhere in the world.
- No financial statements or audit requirements.
- No corporate, dividend, interest and royalty taxation or inheritance duties.