Company Formation
Basic Package
- Company Incorporation
- FullSet Of Corporate Documents
- 1st Year Government Fees
- 1st Year Company Domiciliation
- Dedicated Account Manager for 1 year
- Courier Delivery
Bank Account Package
- Company Incorporation
- FullSet Of Corporate Documents
- 1st Year Government Fees
- 1st Year Company Domiciliation
- Dedicated Account Manager for 1 year
- Courier Delivery
- Set Of Corporate Documents With Apostil
- Bank Account Opening
Privacy Package
- Company Incorporation
- FullSet Of Corporate Documents
- 1st Year Government Fees
- 1st Year Company Domiciliation
- Dedicated Account Manager for 1 year
- Courier Delivery
- Set Of Corporate Documents With Apostil
- Nominee Director
- Nominee Shareholder
- Power of Attorney With Apostille
BVI Offshore Company – Overview
| Type of entity | IBC |
| Type of law | Common |
| Shelf company availability | Yes |
| Company Registration Timescale | 2 days |
| Standard currency | US$ |
| Permitted currencies | Any |
| Minimum paid up | US$1 |
| Usual authorized | US$50,000 |
| Double taxation treaty access | No |
| Corporate Taxation | 0 |
| Tax On Dividends | 0 |
| Tax on capital gains, royalties, interests | 0 |
| Minimum number | One |
| Local required | No |
| Corporate Directors Permitted | Yes |
| Publicly accessible records | No |
| Location of meetings | Anywhere |
| Minimum number | One |
| Publicly accessible records | No |
| Location of meetings | Anywhere |
| Required | Optional |
| Local or qualified | No |
| Requirement to prepare | Yes |
| Audit requirements | No |
| Requirement to file accounts | No |
| Publicly accessible accounts | No |
| Minimum Annual Tax/License Fee | US$350 |
| Requirement to file annual return | No |
| Change in domicile permitted | Yes |
The economy of British Virgin Islands is one of the most prosperous and rapidly developing among other Caribbean economies. Offshore company legislation offering the possibility to incorporate in the country was adopted by the Government in 1985.
The first International Business Companies Act was adopted in 1982 which enables for the establishment of tax exempted offshore companies having minimal compliance requirements and complete confidentiality of details. The British Virgin Islands have one of the most successful legislative systems supporting offshore activities. In 2005 a new BVI Business Companies Act came into force, which represents a further development in the already outstanding BVI offshore corporate legislation. The new Act removes any former distinction between a local company and an offshore company, promoting only one unified type of company, the BVI Business Company, which continues to be exempt from tax and continues to enjoy all the substantial benefits afforded by the previous legislation.
The International Business Act created the concept of IBC which can be used for international trading, asset protection, investment funds, shipping companies and intellectual property. The legislation benefits provide also assets security, freedom of transfer and merging assets and minimum requirements in respect of issuing shares, maintaining books and records, designation of directors and shareholders.
BVI corporate legislation also includes the provision for protection of wealth benefits, inheritance wishes and trust interests, as well as simple procedures for managing the operations.
The main characteristics of a offshore BVI BC are: tax exemption applies to all dividends, interest, rents, royalties of an offshore company; no estate, inheritance, succession or gift tax is payable with respect to any shares, debt obligations or other securities of the offshore company; no stamp duty, with a sole exception for land-ownership transactions in BVI; an offshore company has separate legal personality and same powers as a natural person; confidentiality is one of the key features of BVI offshore company; no obligation of file financial accounts; flexibility in BVI company structure; flexible IBCs for numerous purposes; low annual fees.