BVI Offshore Company
The British Virgin Islands are one of the oldest,
most trusted, and renowned offshore financial centres in the world. The British
Virgin Islands are more commonly known as BVI. You would be surprised to known
that BVI has set a benchmark in the field of offshore companies, a level which
other offshore tax havens try to achieve. There are many professional
incorporation service firms located in the British Virgin Islands who
specialize in the opening of an Offshore Company BVI. BVI Business companies
are the worlds most popular type of offshore companies.
Most of the offshore incorporation service firms assist in the following fields:
Formation of the offshore company
Subsequent management and administration of the company
Provision of services of the Registered Agent
Provision of the registered address
Company management services
Shareholder services
Office and secretarial services
Opening of bank accounts
Custody of documents and corporate searches
Preparation of corporate and business documents
Assistance in general administration
You can form your Offshore Company BVI from the comfort of your home by using
an online order form which is quite simple to fill in. You also have the option
of downloading the form, filling it manually and forwarding it to the
incorporation firm either by mail, courier, or fax. The same order form can be
used to choose a shelf company.
It is mandatory for the offshore incorporation service firm to identify and
learn about the client and the beneficial owner of the company. This is a rule
that is prevalent throughout the offshore financial services industry.
Therefore, it is essential that you send documents to the incorporation firm
that can prove your identity and proof of address. This is called due diligence
information. Once, your details are confirmed and your payment has been
received by the incorporation firm, they will prepare the Memorandum and
Articles of Association and other documents required for the registration of
the Offshore Company BVI. Incorporation documents will be signed by the
incorporation firm on your behalf. The documents issued by the Registrar of
Companies need to be certified. Documents issued in one country are not
accepted in another country. To make these documents acceptable in other
countries, it needs certification at a higher level. This certificate is issued
by a designated government officer or an officer of the Supreme Court. This
certification stamp or sticker is called as Apostille. As per the BVI
regulations, the government will accept the annual renewal fees from the
Registered Agent of that company. An important factor that must be borne in
mind is that the annual renewal fees must be paid in time. Non-payment of the
annual renewal fees will not only make the company lose its status of good
standing, but also make it liable to pay several late penalties and face legal
consequences.
Opening an
BVI Offshore Company offers you the following advantages:
Tax Exemption: An Offshore Company BVI is exempt from income tax.
Dividends, interest, rents, royalties, and other amounts which are paid by a
company are also exempt from income tax.
All capital gains associated with shares are tax free.
There is no gift tax, estate tax, or succession tax.
Legal entity: An Offshore Company BVI has a separate legal entity and enjoys
the same powers as a real person.
Secrecy: Details of the company owners, directors, and share holders are
maintained confidentially. Register of Members, Register of Directors, Minutes
and Resolutions of the company are held at the offices of the Registered Agent
in utmost secrecy.
An Offshore Company BVI requires only one owner, one shareholder, and one
director. All the three can be one and same person.
The shareholders, directors and officers may be citizens of any country.
There are provisions against seizure or confiscation of property or shares by
any one.
There is no obligation to prepare and file financial records.
Bearer shares can be issued.
The minimum paid up capital is one share.
There is no requirement for meetings of shareholders or directors.
With so many wonderful and easy options available to you, it is high time that
you opened an Offshore Company British Virgin Islands.