British Virgin Islands: B.V.I. Company – Corporate Environment Summary
The British Virgin Islands is the most popular offshore jurisdiction, with favourable business regulations, a prosperous economy and a stable political situation.
British Virgin Islands IBC, is a limited liability company which conducts its trading and business outside the British Virgin Islands and is intended for offshore activities. It takes up to 2 days to incorporate a company in the British Virgin Islands.
The Directors of the company may be of any nationality and may reside anywhere. At least one director is required and there is no requirement to appoint a local resident director.
The Shareholders of the company may be of any nationality and may reside anywhere. At least one shareholder is required and can be the same person as the director. There is no upper limit to the number of shareholders and a shareholder can be a person or a corporation.
The standard share capital of a British Virgin Islands IBC is $50,000 USD. However, only one share of the share capital must be issued and paid up. Your company’s share capital can be issued in any currency.
Company Secretary / Registered Office / Registered Agent
The company must have a registered agent and registered office in the British Virgin Islands. There is no requirement for local secretary.
Privacy
The details of shareholders do not appear on public record compared to Directors details which are fully accessible.
Company Records
The company must maintain accounting records, however s not obliged to keep records in the BVI and there is no requirement to file accounts or a financial statement. There is no need for having audited accounts or submit a corporate tax return to the authorities.
Corporation and other taxes
There are no corporate taxes for a British Virgin Islands IBC, except for annual government levy of US$350 for standard share capital.
Why use a British Virgin Islands Company.
The modern offshore legislation provides maximum flexibility in global asset protection and privacy protection.
British Virgin Islands offshore companies are commonly used for
Holder of bank accounts, fixed deposits, investment plans and any other financial or commercial title;
Owner of the shares of other companies or legal entities;
Owner of real estate and any other movable or immovable property or goods;
Manager and promoter of international business transactions;
International leasing of aircraft, vehicles, machinery and others;
Borrowing or lending money, paying or receiving commissions, royalties or others;
Marketing and promotion of products and services;
Other commercial and financial activities.
Our Formation Package
Registered Address and Agent
Company Secretarial Maintenance
Government fees
Certificate of Incorporation
Memorandum & Articles of Association
Appointment of First Directors
Consent Actions of the Board of Directors
Share Certificates
Register of Directors and Members
Company Seal
We also offer Nominee and Management Services (Substance requirements) along with bank account opening and international tax planning.
Prices and fees included on our website
https://genshape.com/shop/bvi-offshore-company-formation/
