General Information about Offshore Company Formation in British Virgin Islands (BVI)
The BVI is an offshore place that allows all international transactions (excluding Europe). This is a court widely used for over 30 years. It should however be kept in mind that the OECD standards in recent years and the development of the fight against tax havens has made the offshore jurisdiction of the BVI one of the most contested places and monitored by the various European tax authorities. We must therefore, as explained above avoid billing in Europe from a BVI company. In case you still would, you should know that you may have your operations requalified by the tax authorities in your country of residence.
A solution we can propose to you avoid that kind of problem is to setup a UK Agency structure where the BVI company mandates a UK company to represent her in Europe. You can contact one of our advisors to discuss about it.
We set up an offshore company in BVI in 2-4 days
The British Virgin Islands (British Virgin Islands – BVI) are located in the West Indies. They were annexed by the UK in 1672, these islands are so far an overseas UK territory.
The British Virgin Islands offer anonymity and high taxation. They do not provide a good image, please note that doing business with European countries should be avoided. In case you still would, you should know that you may have your operations requalified by the tax authorities in your country of residence.
There are two forms of offshore companies in the BVI:
British Virgin Islands Business Company (BVI Business Company) – (the one we propose) :
The BVI BC is the most common offshore company, and is a company limited by shares. The director of the company must be appointed within 30 days of the creation and there is no requirement of citizenship and residence of shareholders and managers. No minimum capital is required. A BVI BC can not conduct business in the territory of the BVI, except for special services (accountants, lawyers, …).
British Virgin Islands Ordinary Resident Company is regulated to be closer to European standards:
• To do business directly in the BVI, better opt for the British Virgin Islands Ordinary Resident Company that allows internal operations. She is a resident if most administrators living in the BVI and it is required to have a commercial license.
1. Offshore company in BVI can be created in 2-4 days.
2. Shelf company available.
3. No accounting.
4. Nominee Shareholder possible.
5. Nominee Director possible.
“Type of offshore company” – (BC) – Business Company
“Accounting” – No accounting records
“Law” – Common law
“Capital requirements” – No capital requirement
“Commercial register” – The BVI Financial Services Commission is the supervisory authority and the companies are regulated by the Business Companies Act 2004
“Published information” – No information published
“Taxes” – No tax
“Number of Directors / Shareholders” – Minimum 1 Director and 1 Shareholder
“Confidentiality” – Confidentiality is guaranteed
“Bearer Shares” – Bearer Shares Permitted
The main activities that you can take with an offshore company formation in BVI:
“Detention of real estate property”
“Detention and exploitation of IP”
“Organizing Your Estate”