British Virgin Isalnd (BVI) is the leading offshore jurisdiction with over
750,000 offshore companies incorporated since 1984.
British Virgin Islands (BVI) is one of the oldest and most respected offshore
financial centres in the world.
BVI is widely considered as a benchmark, which the other offshore tax havens
strive to emulate.
Law
The BVI Business Companies Act (No 16 of 2004) is the
principal statute of the British Virgin Islands relating to British
Virgin Islands company law, regulating both offshore companies and
local companies.
It replaced the extremely popular and highly successful International
Business Companies Act.
Company Set- Up Requirements
Minimum Shareholders
1
Minimum Directors
1
Corporate Directors & Shareholders
Permitted
Local Secretary required
No
Local Registered Office
Yes
Minimum Paid Up Share Capital
US$1
Annual Reporting & Audit
Not Required
Local Tax on Foriegn Income
Exempted
Steps to Register a BVI Company
1
Prepare due dlligence documents and forms for incorporation
2
Reserve Company nate at the Registry of Corporate Affairs
3
Submit signed incorporation documents
4
Recieve registration approval
5
Company officialy incorporated
6
Open Corporate Bank Account & Apply for license
Types of Companies
1
A company limited by shares (preffered corporate structure)
2
A company limited by guarantyee that is not authorised to issue shares
3
A company limited by guarantee that is authorised to issue shares
4
An unlimited company that is not authorize to issue shares
5