BVI Company. BVI Company Registration.
Worldwide Incorporation Services specializes in BVI company registration and opening bank accounts.
BVI Company Formation. Incorporate Today!
BVI Company – General Information
The British Virgin Islands, or BVI for short, is a group of fifty islands in the Caribbean forming a British Overseas Territory. The main islands within this group are called Tortola, Virgin Gorda, Anegada and Jost Van Dyke. They have been autonomous from Britain since 1967. While the official name is the Virgin Islands, they are usually called the British Virgin Islands to separate them from the nearby American Virgin Islands.
Advantages of BVI Company Formation
Forming a company in the BVI means setting up a so-called BVI Business Company or BVI BC. These are the most popular form of offshore companies in the world. They are available to residents of any country in the world and can be formed as a continuation of another company in another part of the world. There are many benefits to a BVI BC:
- 0% corporate tax
- 0% capital gains tax
- 0% profit tax
- 0% gift tax
- 0% sales tax / Value Added Tax
- 0% inheritance tax
- No stamp duty except for land transactions in the British Virgin Islands itself
- No restrictions on doing business anywhere in the world
- Ability to transfer and repatriate money without fees
- No currency exchange fees or limitations
- A minimum of one shareholder is required for a BVI company formation
- A minimum of one director is required for a BVI company formation
- Corporate directors and shareholders are permitted
- No need to publicise company directors, officers, owners or shareholders
BVI Company Formation. Legislation
Principal Corporate Legislation
The BVI Business Companies Act, 2004 (“the Act”) as amended.
Type of Law
Common.
Language of Legislation and Corporate Documents
English.
Type of Company for International Trade, Investment & Tax Planning
BVI BC (Business Company).
BVI Company
Share Capital
There is no concept of authorised share capital in the Act. Standard authorised share capital is US$50,000. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares, shares of no par value, bearer shares, preference shares, redeemable shares and shares with or without voting rights. Bearer shares will be subject to anti-money laundering and due diligence obligations and a company which is authorised to issue bearer shares pays higher incorporation and annual fees.
Bearer Shares
Permitted.
Restrictions on Trading
A BVI Offshore Company cannot trade within the BVI or own real estate there. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Agent Required
Each BVI Company must have a Licenced Registered Agent in the BVI.
Registered Office Required
Each BVI Company must have a Registered Office in the BVI, provided by a Licenced Registered Agent.
Directors
A BVI Company requires a minimum of one director. Director can be of any nationality and need not be resident in the BVI. Corporate directors are permitted.
Shareholders
A BVI Company requires a minimum of one shareholder.
Publicly Accessible Records
No.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Personal Presence Required
No.
Taxation
Nil.
Double Taxation Treaty Access
None.
Requirements to File Accounts
None.
Requirement to File Annual Return
None.
Audit Requirements
None.
Currency
US Dollar.
Exchange Control
None.
Time required for BVI Company Formation
Two days.
BVI Company Formation – Name of a Company
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a BVI Company
The words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., S.A. must be part of the name of every BVI Company.
BVI BC – Cost of BVI Company Registration
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BVI Company Formation – Office Addresses
London
United Kingdom
T.: +44 203 44 05 671
Skype Call: wis.uk
Working Hours:
09:00 to 18:00 weekdays (GMT 0)
Hong Kong
T.: +852 2530 8893
Skype Call: wis.hk
Working Hours:
09:00 to 18:00 weekdays (GMT +8)
Dubai
T.: +971 4 450 4707
Skype Call: wis.uae
Working Hours:
09:00 to 18:00 Sun-Thu (GMT +4)
Cyprus
T.: +357 25 812 242
Skype Call: wis.cyprus
Working Hours:
08:30 to 17:30 weekdays (GMT +2)
Seychelles
Seychelles
T.: +248 432 5881
Working Hours:
08:00 to 17:00 weekdays (GMT +4)
Services related BVI Company | BVI Company Registration
Worldwide Incorporation Services provides the following services related BVI Company Formation:
- BVI Company Formation
- Registered Office and Agent Services
- BVI Company Secretarial Services
- Nominee Shareholder/Nominee Director
- Opening of Bank Accounts
- Full BVI Company Administration Services
- Mailing Address in the BVI
- Trademark Registration
- Yacht Registration in the BVI
Worldwide Incorporation Services | BVI Company | BVI Company Formation
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