Incorporate in BVI
Background & General Outline
The British Virgin Islands (BVI) is a scenically beautiful, independent country located on the Caribbean seaboard of Central America. It has an area of approximately 23,026 sq km, and is bounded by Mexico to the north and Guatemala to the west and south.
Political Structure & Legal System
BVI has a long history of peace, stability and democracy. It became a British Crown Colony in 1862 and achieved complete self-rule in 1981. BVI is a member of the British Commonwealth, the United Nations and the Non-Aligned Movement. Executive authority is exercised by the Cabinet under the leadership of the Prime Minister, subject to approval by a 28 member Senate with the majority appointed on the recommendation of the Prime Minister.
The legal system is Common Law. Based on English Company Law.
The US Dollar (USD).
The official and spoken language is English.
Disclosure of the Beneficial Owner
Although when you Incorporate in BVI it is required to disclose details of the Beneficial Owner to the Government Authority, Bearer Shares are permitted, and allow for total privacy. Bearer Shares but must be immobilized and held in the Registered Agent office in BVI for the company’s duration.
Provided that the company activities are carried on outside of BVI, the company you Incorporate in BVI will not be subject to any income taxes therein.
Double Tax Treaties
BVI has double tax treaties with the United Kingdom, Sweden, Denmark and the countries of the Caribbean Community (CARICOM). The text of the UK/BVI Double Tax Treaty is available at http://www.danzigerfdi.com/dtas/uk_BVI.htm
With the aim of being removed from the OECD grey list, BVI signed TIEA’s (Tax Information Exchange Agreements) during the first half of 2010 with the United Kingdom, Australia, Belgium and the Netherlands. A further 11 agreements have been initialed. The agreements are with Ireland, Italy, Finland, Norway, Sweden, Iceland, Greenland, Denmark, the Faro Islands, Mexico and Aruba. They will be officially signed once ratified in each country.
Any name that has already been incorporated, or is so similar as to cause confusion. Any name which in the opinion of the Registrar is considered undesirable, obscene or offensive. Names such as royal or imperial and any name that suggests the patronage of BVI Government.
A BVI IBC cannot trade within BVI or own real estate there. Further, a BVI IBC cannot undertake the business of banking, insurance, assurance or reinsurance.
Summary & Features
BVI has strict rules on nondisclosure of bank accounts.
BVI’s corporate structure has similar rules, and allows any person to control a company without their name appearing in the public records, through the use of bearer shares, nominee directors and a power of attorney.
We can Incorporate in BVI your own BVI IBC and deliver it to you within approximately 7-10 days.
The company we Incorporate in BVI for you is free to engage in many types of business activities in other countries and it pays NO taxes in BVI.
Incorporate in BVI
OUR BVI Offshore Company Formation Package Includes:
- name check
- preparation of memorandum
- preparation of articles
- preparation of registration forms
- filing with the registrar of companies
- payment of filing fees
- certificate of incorporation
- share certificates
- minutes of board meeting
- 1st year registered office
- 1st year registered agent
- 1st year government administration and maintenance
BVI’s legislation has long created favorable tax conditions for offshore operations but the country’s popularity as such has only caught on over the last few years. Information given to local attorneys/notaries is protected by professional privilege and secrecy.