he British Virgin Islands (BVI) is generally regarded as the premier offshore corporate domicile. Tourist advertisements proclaiming the qualities of the British Virgin Islands generally refer to them as "natureｴs little secrets."
However, largely due to its hallmark International Business Companies (IBC) Act of 1984, BVI is no longer a secret within the global financial community.
Take advantage of the profitable regulations proposed by the BVI to set up your offshore company.
The BVI is located in the Caribbean Sea, about 95 kilometers east of Puerto Rico, and consists of 50 islands. Itｴs population count is approximately 21,000. Its main island, Tortola, whose capital city is Road Town, houses almost half of the countryｴs population (13,500).
In recent years, BVI has developed into an international financial center.
BVI is one of the most famous jurisdictions in the world to incorporate. In fact, over 300,000 global companies have incorporated in BVI.
BVI is also a tax-haven. A BVI companies have many advantages include the following:
Courier fee: 70EUR
There are no minimum capital requirements -- though we recommend to incorporate with an authorized share capital of USD 50,000 with a par value of USD 100. Higher capitals are also accepted: note that in these cases, the business license fee are increased.
Authorized Capital is not the same as Paid Up Capital, so this amount may not need to be produced.
Changing the amount of capital can also be done. For instance, you may increase your capital from USD 50,000 to USD 500,000 with the necessary license fee.
Some of the incorporation fees of a BVI company are for the following procedures:
Incorporation fees are calculated based on a capital of USD 50,000. For higher capitals, additional fees will be called for depending on the amount.
Though taxes are non-existent in tax havens such as the BVI, the government will require a renewal fee from each of its companies. This serves as the source of funds for the local government.
All government fees for the first year are already included in the aforementioned requirements. Subsequent years will call for an annual payment of a maintenance fee amounting to 1399.00 EUR (inclusive of government fees and renewal procedure fees).
Private banks in central Europe are highly recommended for their state-of-the-art security and excellent banking services. You may choose to create an account with one of our suggested banks:
Opening a bank account in Belize will also be very beneficial for your company, especially once you've acquired your business license:
While you can incorporate your company using your personal information, its risk is having your name, address, and other private information open to the public.
We recommend using our Nominee Service, wherein by using a Nominee Director and a Nominee Shareholder, your personal information need not be on public records that put you at risk.
For further details on the Nominee Service, refer to the following pages:
By availing of our Nominee Service, you get the exclusive benefit of owning shares without having to use your real name. Again, your personal information will remain confidential and unrecorded so that your business is always secure.
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Information for Beginners