Register your BVI company in the same day!

 

If you wish to incorporate a Company in BVI, our team of skilled legal advisers can assist you with the Company Formation and or the takeover of your existing BVI company often at no cost to you (for takeover) and the subsequent opening of a Bank Account so that you can start and go about your business immediately and effectively.

 

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Our Commitment to you:

  • Deliver your BVI Company within 5 days
  • Open a same day bank account  with e-banking and credit card
  • Secure you tax optimisation
  • Offer value for money services with no hidden costs
  • Prompt, professional and individual service at all times
  • Full confidentiality

bvi-company-formation

 

 

 

Parameters to Consider

  • 0% corporate income tax
  • Corporate documents are widely recognized by banks internationally
  • Low cost annual support
  • Has never been blacklisted by FATF and OECD
  • Privacy guaranteed as information about corporate directors, officers, shareholders and beneficial owners is not filed with the BVI Register of Companies and closed for the public
  • No restrictions on doing business and buying property in the BVI and all other countries
  • Available for residents of any country
  • Companies incorporated in any other jurisdiction may be continued in BVI as an BC
  • BVI BC can, where the laws of another jurisdiction permit, re-domicile to such jurisdiction.

British Virgin Islands Business Company (BVI BC) is one of the world’s most popular offshore legal entities. About 41% of the world’s offshore companies have been formed in the BVI. Amongst other things, it is also one of the oldest and most respected offshore financial centres in the world.

Ever since the adoption of the British Virgin Islands International Business Companies Ordinance in 1984, the BVI IBC has attained a model status in the offshore services industry. With over than 600,000 total incorporations and more than 5000 new companies registered every month, BVI is by far amongst the most popular offshore tax havens. Such is the dominance of the British Virgin Islands as an offshore corporate domicile, that in many regions of the Far East International Business Companies are called simply as “BVI’s”.

An International Business Company (IBC) is the most commonly used official name for what is more popularly known as an “offshore company”. IBC’s are the basic building blocks of the offshore financial services industry.

In essence, a modern IBC is a private corporation which is exempt from tax, suitable for virtually any international business activity, has a flexible organizational structure, is not burdened by excessive reporting and record-keeping requirements, and maintains strict confidentiality provisions.

Basic Characteristics

  • Maximum security of assets includes the ability to transfer domicile
  • The directors may protect the assets of the IBC for the benefit of the IBC, its creditors and its members by transferring its assets to another company, trust, foundation, association or partnership; and merge or consolidate with any other company or foreign corporation in another accommodating jurisdiction.
  • The highest degree of confidentiality and anonymity are provided by BVI bearer shares being available by the absence of any requirements to file any organizational or accountancy information with the Registrar of Companies, (other than the memorandum of Articles of Association), and by share registers being available for inspection only by company registered shareholders or by order of the BVI court.
  • IBC’s (International Business Companies) are exempt from all local taxes and stamp duty

A basic characteristic of a BVI Company is that the ease of operation, maintenance and control are facilitated by flexible corporate features. IBC’s can re-quire and re-issue their own shares. Shares can be issued for a consideration other than cash, with or without par value, and be denominated in any currency. One subscriber and thereafter one shareholder is only required. Single directorates are permitted. Shareholders’ and directors’ meetings are not confined to the British Virgin Islands. Books of account, records and minutes can be maintained elsewhere. There is no statutory requirement to hold annual general meetings. No distinction is made between public and private IBC’s. Incorporations can take place within one or two days.

 

Each and every BVI company must have a Registered Agent and Registered Office in the BVI, provided by a licenced service provider. Our team of experts in the corporate field can guide and assist you with the incorporation of your BVI Company so as to ensure a quick and efficient procedure.

There must be a least one director appointed for each company. Corporate directors are also permitted. However, under the Business Companies (Amendment) Act 2005 or “the New Act”, every newly incorporated company will be required to appoint first director within 6 months of the date of incorporation. The original or copy of the Register of Directors must be kept at the office of the Registered Agent but details of the directors do not appear on any public record, although there are provisions for optional filing of this information at the Registry of Corporate Affairs if necessary.

The company should have at least one shareholder. Bearer shares are allowed and under the new Act, bearer share certificates have to be held by an approved Custodian. The Register of Shareholders or a copy thereof should be kept at the office of the Registered Agent. Details of the shareholders do not appear on any public record, although there are provisions for optional filing of this information with the Registry of Corporate Affairs if required. It is advisable to keep the original register in the BVI this is mainly for stamp duty reasons.

 

Note: Shelf Companies are always available for immediate use.

The BVI Business Companies Act, 2004 (the “Act”) provides tremendous flexibility as it relates to the constitutional documents of a BVI company. The main benefit of this flexibility is that the constitutional documents can be drafted so as to mirror a specific transaction such as a joint venture or listing scenario. Most companies will also have a wide objects clause which will give the company the power to conduct any type of activity subject to any applicable licensing requirements and providing it is not illegal.

A further advantage of BVI companies is the ease with which profits can be released. In order to make a distribution to shareholders, a BVI company only needs to satisfy a solvency test. The solvency test is satisfied if a) the company’s assets exceed its liabilities; and (b) the company is able to pay its debts as when due. There are no distributable profits tests or similar requirements which is the case in some other jurisdictions.

  • Certificate of Incorporation
  • Memorandum & Articles of Association
  • Appointment of First Directors
  • Consent Actions of the Board of Directors
  • Share Certificates
  • Register of Directors and Members
  • Company Seal