British Virgin Islands - Advantages

Company Type	Time to Incorporate	Cost
IBC	2 to 3 Days	£640

Our Incorporation package in the British Virgin Islands includes

• Reserving your Company Name
• Liaise with the local registrar and relevant authorities
• Structuring the company as per your requirements
• Prepare your Company Registration Forms
• Drafting the Articles of Association / Statutes
• File the documents with the Companies Registry
• Appoint the Directors
• Minutes appointing first Directors
• Preparation of the first minutes of Board Meeting
• Standard government fee to BVI government
• Certificate of Incorporation
• Issue of shares and production of share certificates
• Leather binder with all documents and certificates
• Delivery of documents by FedEx / DHL courier

Our Corporate Administrative service in the BVI includes:

• Provision of the Registered Office and Registered Agent in the BVI
• Compliance with local domicile requirements

Incorporation Requirements

• There should be at least one person who will be the company director and shareholder
• There needs to be a local registered agent in the BVI
• There should also be registered office address in BVI

Registered address and local registered agent can be provided by us. The only documents that we submit to the Companies Registry are the Company's Certificate of Incorporation, Articles and Memorandum of Association. These documents do not contain names of directors or shareholders or other personal information.

Key features of the BVI:

• Internationally recognised reputation and respectability
• Political and economic stability
• British Dependent Territory status with an english legal system
• Modern banking, company, mutual fund, insurance and trust laws
• Innovative legislation with minimal regulations
• No taxes on IBC's. Low tax rate for domestic companies
• No wealth, capital gains or estate taxes

Advantages of a BVI Business Company:

• Reasonable incorporation and maintenance costs and fees
• Fast incorporation procedures and simple ongoing administration
• Minimum ongoing compliance requirements
• IBC's may engage in any lawful business in any country and may carry on transactions in whatever currencies they choose
• Only one director and shareholder are required - the sole director can also act as the shareholder
• Directors and shareholders can be either corporations or individuals
• Directors, officers and shareholders details remain confidential
• No limitations as to nationality or residence of company directors or shareholders
• Full exemption from taxation on any business activity or transaction carried out outside BVI
• All dividends, interest, royalties, rents and compensations are exempt from the payments of income tax
• Tax efficiency - exemption from capital gains tax, inheritance tax and death duties
• Shares may be denominated in any currency
• No issued share capital requirement
• No foreign exchange control
• Hold meetings of shareholders and directors, and maintain company books of accounts, records and minutes of meetings outside the BVI
• The only documents required to be filed at the Companies Registry are the incorporation documents which include details of the registered office and registered agent
• No requirements for filing annual returns, preparing and submitting accounts

The BVI Companies Registry has an advanced electronic name reservation system and is capable of registering foreign language Memorandum and Articles of Association.