Offshore company formation in British Virgin Islands

INTRODUCTION TO OFFSHORE COMPANY FORMATION IN BRITISH VIRGIN ISLANDS

A well-known "sailor’s paradise", British Virgin Islands (BVI)  is the Caribbean capital of sailboat chartering. This archipelago is typically enjoyed by travelers looking for their private piece of heaven. Likewise, it is popular among businesses searching for a confidential tax haven, for the BVI offshore Business Company (BC) is one of the most widely recognized and oldest offshore financial centres.

A new version of the BVI Business Companies Act 2005 eradicated the two structure concept of a domestic company that operates within the BVI and an offshore company, allowing only one unified company: the BVI Business Company. The new unified company still enjoys a offshore tax-free status, including exemption on all company income tax, dividends, interest, rents, royalties, and capital gains from the sale of company shares. It is considered tax resident in BVI and has signed double tax treaties with Switzerland and Japan. In place of tax, there is a fixed annual government fee, as well as an annual registered agent fee.

The BVI Business Company is a good match for a whole range of operations, from regular trading activities to holding shares in foreign companies. Depending on the peculiarities of your business, our Client Managers will help you choose the best approach. Please contact us for best practices of using BVI registered offshore companies in international business.

BVI OFFSHORE FORMATION SPECIALS

• No minimum share capital requirement
• Minimum number of directors in BVI offshore company is one (non-resident and corporate directors allowed)
• BVI offshore company's director / shareholder information is not available to the public and kept only with the registered agent
• No requirement for filing of company financial accounts or audit in BVI
• Available name-endings for a BVI offshor BC: "Limited", "Corporation, "Incorporated", "Society Anonyme", "Aktiengesellschaft", or abbreviations "Ltd.", "Corp.", "Inc.", "S.A.", "A.G."

BVI OFFSHORE COMPANY FORMATION FEES

Please contact us for recent BVI offshore company formation prices.

TIME FRAMES FOR OFFSHORE COMPANY FORMATION IN BVI

• 3 – 5 days for incorporation of company in BVI (allow 3 – 5 days for courier)
• Ready-made offshore shelf companies in BVI available.

BANK ACCOUNTS FOR BVI OFFSHORE COMPANIES

For the BVI offshore Business Company, we can recommend opening an account with various banks located in Latvia, Estonia, Denmark or Cyprus. Please contact us for further details on bank accounts available for companies registered in British Virgin Islands.

VIRTUAL OFFICE SERVICES FOR OFFSHORE COMPANIES REGISTERED IN BVI

Please contact us for further availability of virtual office services for offshore companies in BVI

HOW TO SET UP AN OFFSHORE COMPANY IN BVI?

To open a BVI offshore company, we will require the following:

• 100% of the BVI offshore company formation cost
• A completed BVI offshore company registration application form
• A passport copy of the BVI offshore company’s beneficial owner and company attorney
• Proof of residential address (address stamp in domestic passport or copy of a utility bill less than three months old)

Please send your documentation for offshore company setup in BVI to:

SIA IBC Konsultants
Antonijas St. 22-4, LV-1010

Riga, Latvia

Fax: +371 67333957
Email: info@globalcompanyregistration.com
Skype: Contact_IBC

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