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Offshore Company Formation in British Virgin Islands

As a famous place for offshore company registration, British Virgin Islands is second only to Hong Kong, surpassing the United States and Japan. So many companies are willing to register their business on a small island with a lack of natural resources because it is the world's famous "tax haven". In order to develop the local economy, the island government passed the international business company law in 1984, which allows foreign enterprises to set up "offshore companies" locally, and provides extremely favorable policies: the local companies are exempt from all local taxes except for the annual renewal fees of business license; There is no minimum limit on registered capital, and any currency can be registered as capital; The registered company only needs one shareholder and director, and there is no need for local residents in the company's personnel; There is no need to report the information of the manager, and the accounts and annual reports are not required to be disclosed. We specialize in offshore company formation and incorporation. Our team of professionals takes the hassle out of offshore company formation in British Virginia Islands with each account receiving their own dedicated manager responsible for ensuring customer satisfaction. Search on the jurisdiction name for BVI company registration service fee and further information.

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Benefits of Registering a BVI Company

1. BVI (British Virgin Islands) is a place with stable political, economic and trade environment;

2. It has good financial legal facilities to facilitate the establishment and development of various financial institutions or foundations;

3. The government protects the interests of shareholders and does not disclose the identity of beneficiaries;

4. In order to encourage economic development and attract foreign investment, the local government allows one person to completely own a limited company;

5. The government provides privacy protection for enterprises, and the information of directors is absolutely confidential;

6. Tax rate: companies registered in BVI are subject to very little tax control;

7. There is no need to report, just keep the data to reflect the economic situation;

8. Profits from operating in other places are not subject to profits tax, so as to achieve the purpose of reasonable tax avoidance;

9. Enterprises on the island can open bank accounts all over the world.

 

Time to Incorporate a BVI Company

It takes about 7-10 days to complete the company registration in the British Virgin Islands.

 

BVI Company Registration Service Fee

The registration fee of BVI company in the first year is mainly divided into government fee, agency fee and registered address fee. Future annual fee includes government fee, registered address fee, registered agent fee and BVI agent fee.


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Documents Required for BVI Company Formation

1. English name of the company;

2. Business scope of the company;

3. Copy of ID card or passport of at least one shareholder or director;

4. Shareholding ratio of shareholders;

5. Proof of address of shareholders and directors (recent credit card/bank statement, water and electricity bill).


Process of Registering a BVI Company

1. We offer free company name search.

2. Client signs the entrustment contract and confirmation form.

3. Client makes the down payment or full payment.

4. Obtain the certificate of registered company.

5. Our agency provides electronic meeting minutes, and the directors shall print the signed copy and scan the copy to us.

6. After the full payment, we ship company documents to the client.


BVI Company Incorporation FAQs

Q1: What are the common uses of BVI companies?

A1: Companies registered in the British Virgin Islands are internationally accepted and recognized, so they are mostly used for overseas business expansion and tax planning. In the stock market of some areas, they can play the role of a listed holding company.

 

Q2: What are the requirements for the registered capital and share capital of a BVI company?

A2: The standard share capital is US $50000, which is divided into 50000 shares, each of which is US $1. Capital verification is not needed.

    

Q3: Are there any restrictions on the company name?

A3: The company name must end with Limited, Corporation, Incorporated, Societe Anonyme or Societed Anonima or the abbreviations of the above words. The company name cannot use these words such as Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal, Royal or Trust, unless specifically approved.

 

Q4: What are the application conditions for the establishment of a BVI company?

A4: More than one shareholder (mainland citizen or overseas person with passport or ID card) aged 18 or above, with a registered address and legal secretary of limited company.

 

Q5: Will a BVI company be automatically canceled if it doesn't pay the annual auditing fee?

A5: No, but the government has a bad record of the directors and shareholders until the company is removed by the government seven years later.


HEEJOE Group

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HEEJOE is a fast-growing company providing offshore company incorporation, bank account set-up and trademark registry services across the globe. As early as 1990, our partners set foot in legal affairs. Since then, HEEJOE has been engaged in financial, securities, company listing, commercial transactions, commercial disputes, consortium lending, litigation, arbitration, award enforcement and other legal affairs. Our aim is to serve the public with professional knowledge and maintain an impartial attitude, so that the public can maintain confidence in us.
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