British Virgin Islands

     In General     

          The British Virgin Islands (BVI) offshore jurisdiction consists of 60 islands having a total land area of 150 sq km. They lie to the north west of the United States Virgin Islands and are separated from them by a channel only five kilometers wide. There is an excellent daily air service between the Islands and the USA. Cruise ships call in weekly to the Islands and there are freight carriers. The population is around 16,000 most of them reside in capital. Official language is English.

          The British Virgin Islands are currently the world's leading offshore corporate domicile. There are currently over 300,000 IBC's registered and this figure increases by more than 2,000 companies per month. This is a major industry for this small and scenic part of the Caribbean.

     Advantages

         •  Offshore companies are exempted from all the taxes for a period of 20 years.
         •  Only one director or shareholder required for the company formation.
         •  The shareholder(s) and director(s) can be a natural person or a corporate
             body.
         •  There is no requirement of appointing local shareholder(s) and director(s) for              British Virgin Island Companies.
         •  BVI Companies records and accounts do not have to be held or filed with the
             authorities.
         •  Shareholder(s) and director(s) nominee services are allowed to ensure
             confidentiality of beneficiaries.
         •  Minimum issued and paid up capital required - one share.

    Setup Requirements

         •  Minimum 1 shareholder + 1 director;
         •  Minimum US$1 issued and allotted share capital;
         •  Registered address in the offshore country;
         •  Corresponding address in Hong Kong for license renewal purpose;
         •  Decide -tailor-made or ready-made company;
         •  Decide -registered or bearer shares
             (Some banks hesitate to accept bearer share company to open bank a/c);
         •  Give shareholder / director / correspondence address;
         •  Give photocopy of identities i.e. passport;

For further details contact us