BVI

British Virgin Islands (BVI) is one of the oldest and most respected offshore financial centres in the world and the economy is one of the most stable and prosperous in the Caribbean. BVI are a British Overseas Territory, which provides for exceptional political stability. The country also maintains a low international profile and a spotless reputation, therefore avoiding the drawbacks experienced by some more publicised and less reliable offshore tax havens. Conveniently, the main language is English and the US dollar is the official currency. Take advantage of the island’s tax free corporate law and register a company in the BVI today. CompanyRegistrationsWorldwide.com can assist you in the process of registering a company in the British Virgin Islands.

The International Business Company (IBC) is the most common type of company used by Non-Residents.

Setting up a British Virgin Island IBC – the main details:

  • Only one director or shareholder is required for the company formation
  • Shareholder(s) and director(s) may be the same person
  • The shareholder(s) and director(s) can be a natural person or a corporate body
  • There is no requirement of resident secretary
  • BVI incorporation documents do not carry the name or identity of any shareholder of director. The names or identities of these persons do not appear in any public record
  • Independent judicial system based on English Common Law
  • Client confidentiality is protected in BVI corporate and business legislation
  • The BVI has Tax treaties with EU and USA
  • No taxes levied on offshore and banking transactions
  • No capital gains, income or any other kind of tax
  • An offshore company in the BVI is restricted from doing business with BVI residents or companies except where:
    • It makes or maintains professional contact with solicitors, barristers, accountants, bookkeepers, trust companies, management or secretarial companies, investment advisors, or other similar persons or entities carrying on business within the BVI.
    • It prepares or maintains books and records within the BVI (if it decides to keep such books and records).
    • It holds within the BVI, meetings of its directors or members (if it so desires).
    • It holds a lease on property for use as an office from which to communicate with members or where books and records of the company are prepared or maintained (if so decided).
    • It holds debt obligations, shares or other securities in British Virgin Island IBCs or any other locally incorporated company.
    • There are restrictions on BVI IBCs on carrying on any business activities outside the BVI.

 

For more information on setting up a business in the British Virgin Islands, contact CompanyRegistrationsWorldwide.com. We provide a professional and efficient service, assisting you in all aspects of the company incorporation process. 

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