BRITISH VIRGIN ISLANDS COMPANY FORMATION

Absolutely, offshore companie formed in the British Virgin Island are perfectly legal, are recognized internationally and are able to open bank accounts.

No, Offshore companies formed in the BVI are exempt from any form of taxation and withholding taxes in the BVI

While a company may not be subject to tax reporting to its local authorities, you should consult with your own tax, legal or accounting advisor to determine whether you are subject to tax in any other jurisdiction including the jurisdiction in which you are a tax.

The type of companies that we form in the BVI are known as Business Company (BC), commonly known as offshore companies.

A minimum of 1 director and 1 shareholder should be appointed on a Seychelles International Business Company.

No, there are no accounting requirements. However under Section 98 of the Business Companies Act 2004 (Amended) a company must keep such records and underlying documentation as necessary to establish its financial situation and explain its transactions.

No, There is no public register of company officers in the British Virgin Islands.

There is no paid up capital requirement. The standard share capital is USD 50,000 but can be amended to fit your requirements.

No, bearer shares are not allowed in the BVI and tend to disappear from most jurisdicitons.

The British Virgin Islands company formation process is swift, thanks to the jurisdiction’s efficient registry. It can take as little as 48 hours upon validation of your identification documents to register your company.

Yes, it is entirely legal for a BVI company to purchase and own property within the jurisdiction, in the UK, or in any other country where there is no legal obstacle.

Yes, a BVI company must have a Registered Agent at all times, unless it is facing insolvent liquidation. The official Registered Agent is responsible for the safe custody and maintenance of the notices and filings, copies of Resolutions, Register of Directors, Register of Members, and the Memorandum and Articles of Association.

Choosing the British Virgin Islands for your company formation allows you to run your business in a country where it is exempt from local taxes, capital gains and inheritance taxes, stamp duty, and sales tax. This is a good way to help maximise your company profits while taking into consideration your obligations in your country of residence.

British Virgin Islands companies can be ideal for businessmen, consultants, counsellors and other service providers, e-commerce professionals, as well as for holding real estate, intellectual property rights, or inheritance purposes.

You must select a unique corporate name that does not resemble already existing corporation names and add one of the following suffixes: “Limited”, “Incorporated”, or “Corporation”. The name should not contain the words “care”, “credit”, “bank”, “insurance”, or “fund”.

There is no paid-up capital requirement to set up a BVI company.