British Virgin Islands
British Virgin Islands
Why incorporate in BVI?- High degree of privacy protection to business owners and their wealth
- without disclosing shareholders and directors to the government
- Submission of audited accounts is not required
- No tax shall be declarable and payable
- Registered capital of a BVI company is not required
- There shall be at least one shareholder and director over 18 years old
- There shall be a local person or company to act as agent
- 50,000 shares
- English names of company
- Copies of ID cards or passports of shareholders and directors
- Registration of a new company (12 days)
- Purchasing a Shelf Company (3 days)
| BASIC | – |
| Based on British Laws System | Yes |
| Type of Company | Business Company (BC) |
| Migration of Domicile Permitted? | Yes |
| Tax on Offshore Profits | No |
| Corporate | – |
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Shareholder & Directors Allowed? | Yes |
| Company Secretary Required? | No |
| Statutory minimum authorized capital / shares | 50,000 shares |
| Bearer Shares Allowed? | Yes |
| LOCALITY | – |
| Registered Office Address required? | Yes |
| Registered Agent required? | Yes |
| Local Directors? | No |
| Local statutory board meetings? | No |
| PUBLIC DISCLOSURE | – |
| Due Diligence required? | Yes |
| Beneficial Owner disclosed? | No (to Registered Agent it is required.) |
| Directors disclosed? | Optional |
| Shareholders disclosed? | Optional |
| ANNUAL COMPLIANCE | – |
| Annual Return | No |
| Audited Accounts | No |
| LANGUAGE | – |
| M&A in English available? | Yes |
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