|General Information||The BVI is a British Dependent Territory , comprising of about 20 islands, the largest of which is Tortola . Over the last 10 years, The BVI Business Company ("BC") has become very popular due to a long history of political stability and a sound English legal system which enables final appeal to the Privy Council in England .|
|Company Name||We have available "off-the-shelf" BC's for your selection. These shelf companies can be transferred to you within 24 hours. Alternatively, you may choose your own company name, we can arrange to have the name approved by BVI authorities within 48 hours, but incorporation documents will only be available in 2-3 weeks.|
BVI companies are exempt from income tax as long as it does not carry on business in the BVI.
|Filing Requirement||There is no need to file Annual Returns nor Accounts with the Tax Authorities or the Companies Registry.|
With effect from 1 April, 2016, details of the directors will need to be filed with the Registry of Corporate Affairs however such filing record will not be available to anybody other then BVI regulatory and law enforcement authorities. The Register of Shareholders should be kept at the Registered Office in BVI but this Register is not available for public inspection. However, bilateral agreements have been signed with USA government for disclosures of such information on court investigation situations.
Company searches conducted at the Companies Registry only shows the incorporation date, the authorized capital whether the Company has paid up its annual government fees and no information on directors and shareholders are revealed in the search.
|Structure||An BC only requires one director and one shareholder, each of whom can be individuals or corporate entities. Board meetings can be held anywhere in the world.|
|Registered Office||An BC must have a Registered Address in BVI and a Registered Agent in the BVI. Normally, the Registered Office is the office of the Registered Agent in BVI.|