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Home > Jurisdictions > BVI
British Virgin Islands offshore company
The British Virgin Islands is a British Crown Colony and has approximately 40 islands.
They are situated in the Caribbean about sixty miles east of Puerto Rico. The principal Island of the archipelago is Tortola, whose capital city is Road Town.
Under the 1976 constitution, the BVI are independent from the UK, except with regards to its external affairs, defense, internal security, civil services and Court administration for which the UK has kept the responsibility.
The BVI are an internationally recognised offshore centre, and also one of the oldest. Many other offshore jurisdictions based themselves on the BVI laws before developing their own corporate laws. Company formation in the BVI is finalised in 1-2 days.
BVI Company, ideal for:
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Businessmen |
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Holding intellectual property rights |
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Commerce over the Internet |
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For the custody of movable and immovable property |
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Consultants / Counsellors |
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For inheritance purposes |
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International business |
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Stockbroker / forex |
BVI company main characteristics:
Company type
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Business Company (BC) |
| Governing corporate legislation |
The BVI Financial Service Commission is the governing authority and companies are regulated under the Business Companies Act 2004 |
| Information published relating to company officers |
There is no public register of company officers |
| Confidentiality |
The BVI offers a high level of anonymity and privacy. No officer name is disclosed to the registrar upon company registration.
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Accounting requirement
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No accounting / reporting requirements |
Taxation
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No taxes of any sort |
Legislation
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Modern offshore legislation |
Standard Currency
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US$ |
Time to form
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The British Virgin Islands has a fast and efficient Registry :it takes about 48h to register a company
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Stability
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Stable jurisdiction with very good reputation |
Communication
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Efficient communication means |
Time zone
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Convenient world time zone : GMT-4 |
Secretary required
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No |
Paid up capital requirement
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No paid up capital requirement |
Basis of legal System
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Under Common Law |
Minimum shareholders / directors
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Minimum of 1 Director / Shareholder |
Bearer shares
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Bearer Shares not permitted |
Fees
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€ 1090
.- to incorporate and € 890
.- per year. Detailed Fees |
Bank account for a BVI Business
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