Overview of Location
The British Virgin Islands is considered to be another classical offshore jurisdiction with a long story and deserved reputation. This location is one of the leading countries by its popularity when international businesses are looking for effective tax planning solutions. BVI Limited Company may benefit from a number of advantages that this jurisdiction can offer. In particular, International Business Companies in BVI can enjoy a favorable territorial tax regime, no capital gains tax, no VAT, no withholding taxes, and enhanced privacy for company shareholders.
As mentioned, the local legislative framework is aimed to provide a high level of confidentiality and security on personal details for persons invested in the corporate entity. This means that company shareholders' (member) registers are not part of the public domain and can be disclosed by the company’s local registered agent only. Further to it, BVI can offer to its IBC companies the so-called territorial tax system which allows all income derived from outside of BVI to be not subjected to a corporate income tax and, therefore, to be tax exempted.
In its turn, the company has no limitation to select the desired types of business activities as well as locations where to operate. The only exception is that some types of activities may require obtaining proper licensing from Financial Services Commission (FSA) first: banking, insurance, financial brokerage, and some others.
Besides that, the country imposes no limitations on the place of residence neither for shareholders nor directors while there are no requirements for the local directors or substance. These benefits make British Virgin Islands companies perfect to be controlled and governed from any part of the world.
The team at Corpheroes would be glad to offer professional and tailored assistance that would be personalized depending on your needs. Let our team provide guidance through legal and regulatory requirements of setting up an IBC company in BVI for you to stay focused on running the business.
Required Documents
List of files necessary for setup.
- Certified copy of your passport;
- Certified copy of your utility bill;
- Curriculum Vitae.
- Documents provided have to be in English.
Features and Benefits
Peculiarities associated exactly with this jurisdiction.
- Annual maintenance of company: submission of annual return;
- Acquisition of necessary apostilled documents;
- Maintenance and annual review of UBO register.
Formation package includes:
- Our genuine daily support;
- Name availability check and reservation;
- Local company ready for business activity;
- Registered address and secretary for 1 year.
Formation Steps
Define your business activities and choose a name that suits your brand.
Name check and reservation. Preparation of the KYC (Know-Your-Customers) and other due diligence files.
Registering an entity with the local registry. Acquisition of the corporate files.
Corporate accounts opening.
Need more details?
Inquire now to get all information about this jurisdiction.
Related Services
Reputable offshore jurisdiction compliant with modern standards
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