British Virgin Islands (BVI) is extremely popular as an offshore haven offering outstanding tax benefits to non-residents. The BVI is among those fifty countries in the world which are admitted as offshore centres; moreover, it is considered to be the most popular tax haven.
The British Virgin Islands are a British Dependant Territory composed of over 50 islands, islets and cays located approximately 60 miles (95 kilometres) East of Puerto Rico. The total land area is approximately 60 square miles (155 square kilometres) and the total population is approximately 21,000. The principal island is Tortola, with a population of about 13,500. The capital of Road Town is located on Tortola. (When you register a company in BVI with us it will be registered in Tortola too.) Access to the islands is easy by air and sea; the main gateways are Puerto Rico and the U.S. Virgin Islands, which lie immediately to the west. The Territory is politically stable and has a high level of internal self-government.
Complete package for BVI International Business Company
Includes Registered Office and Registered Agent in BVI as well as company documents.
What we need from you to register a company in BVI?
- details of at least One Shareholder (natural person or company)
- details of at least One Director (natural person or company. Can be the same as Director.)
What documents do you need to supply ?
Each Director/Shareholder/Beneficiary will need to send us the following:
- certified copy of passport
- certified proof of address and personal finance (private bank statement OR utility bill + employment agreenment/contract OR similar)
- details about your new business, projected turnovers and sales
- depending on your circumstances we may require additional documents (i.e. professinal reference)
What you get for the above price
This complete package includes everything to meet registration requirements and to have your company registered with your own Director(s) and Shareholder(s). After registration you'll receive the following:
- Registered address and agent for 1 year
- Certificate of Incorporation
- Memorandum and Articles of Association
- Minutes of the first meeting of Directors
- Share Certificates
- Combined Register of members
Additional services and documents may be ordered too (including Nominee Director and Nominee Shareholder). Please, specify on the order form.
Every year you have to renew your company to continue trading and to keep your company in Good Standing.
The cost of Annual Renewal is 670 GBP and includes:
- Registered address for the next 1 year
- Registered agent for the next 1 year
- Franchise Tax for companies with Authorized Share Capital of up to 50'000 USD*
If you ordered Nominee services, these have to be also paid for according to your original order.
* Most BVI companies would have standard Authorized Share Capital of 50'000 USD. However, if you registered a company with Authorized Share Capital of more than 50'000 USD the price of Annual Renual will be different.
Advantages of B.V.I. COMPANY
Minimal formation requirements
Only one Director and one Shareholder required and this may be a natural person or a corporate body. The same person (company) can be both Director and Shareholder.
Incorporation of BVI company takes around 5 working days from receipt of the documents.
BVI Business Companies are exempt from the BVI income tax, from tax on dividends, interest, royalties, compensations and other amounts paid by a company; also they are exempt from all the capital gains, estate, inheritance, succession or gift tax with respect to any shares, debt obligations or other securities of the BVI IBC's. The companies are exempt from any kind of stamp duties relating in any way to its assets or activities, with an exception for land-ownership transactions in the BVI: in that case stamp duty remains payable.
Incorporation documents do not carry the name or identity of any shareholder. Secrecy is generally is one of the key features of the BVI International Business Company as details of the company beneficial owners, directors and shareholders are not part of public record. At registration of a new IBC, the Registrar of Companies does not require any data whatsoever on who is the actual beneficial owner of the new company. This information is only known to the licensed Registered Agent of the company and is kept in complete confidentiality.
Incorporation cost is one of the most competitive compared to other offshore jurisdictions, like Cyprus or Gibraltar. Combined with other benifits it makes B.V.I. one of the best locations for tax optimisation purposes.
Paid up capital is not required
It is not required to have any minimum paid-up capital in order to start business operations. Any amount of authorized capital can be stated in company formation documents, as rper equirements of the owners. Normally, 50000 shared capital will be stated and at leat 1 share of 1 USD issued.
||Due Diligence (click here to read)
The British Virgin Islands consist of 60 islands, cays and rocks, located 90 miles east of Puerto Rico in the Caribbean. Our temperate climate, white sand beaches, crystal clear waters, and oval-shaped layout help to make us one of the most desirable tourist destinations in the region. Almost 400,000 tourists visit our shores annually, for pleasure yacht sailing, snorkeling, and diving. The BVI is known as the sailing capital of the world.
The BVI economy has grown and undergone significant changes over the past decade. In particular, the tourism sector has expanded noticeably, as well as the offshore business sector. The two export sectors now account for more than 70% of gross national product, 65% of all incomes from employment, and 75% of Central Government’s recurrent revenue, annually. BVI economy has successfully diversified from tourism into offshore financial services.
Through the last decade of stable growth, our economy has been transformed into a full-fledged international trade centre with strong public sector leadership and investment. Past policies provided an environment conducive to private sector initiative, as evidenced by the 800 new trade licenses issued and the 450 new corporate entities. The commercial legal framework has been strengthened, bureaucratic procedures have been simplified in some industries, and tax and franchise incentives have been employed to encourage both domestic and foreign investors. Technical assistance programmes, business seminars, and workshops have recently been initiated to assist the small business sector.