British Virgin Islands
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Turn to the unrivalled expertise of A1 Global Formations.
British Virgin Islands
£699.00
British Virgin Islands Offshore Company
(Year 2 Price onwards £649.00)
located approximately sixty miles east of Puerto Rico and two miles from St. Thomas, U.S. Virgin Islands. Telephone, internet and postal services are good (as you’d expect from one of the main offshore financial centres in the world). Its official language is English. The International Business Companies Act of 1984 provides for the incorporation and administration of the International Business Companies (IBC) in British Virgin Islands (BVI). Companies incorporated under the Ordinance enjoy a complete exemption from income tax.
Why choose a British Virgin Islands Offshore Company Formation?
Main features of British Virgin Islands company registration
British Virgin Islands offshore company formation, nominees, bank accounts and mail forwarding
As specialists in British Virgin Islands offshore company formations, whether you’re looking for a simple offshore company registration or a complex structure (including offshore Trusts), A1 Global Formations can help. We also provide a comprehensive range of admin services for British Virgin Islands companies, including the provision of nominee director, nominee shareholder, bank account services and mail forwarding.
Our expert British Virgin Islands company formation and company registration team has established affiliations with local British Virgin Islands company agents and extensive knowledge of the legal requirements for company formation in British Virgin Islands. We also guarantee that all company filing documents and fees are up-to-date and will notify you of any compliance changes in British Virgin Islands.
If you require us to take over the management of your existing British Virgin Islands offshore company, we can usually do so at no extra cost.
To speak to an expert British Virgin Islands company formation/registration advisor, please call free
+44 0208 371 2440
What’s Included in The Formation Price:
British Virgin Islands
£699.00
Additional Information for Jersey
Background to British Virgin Islands Company Registration
British Virgin Islands offshore company formation/registration
A1 Global Formations is able to incorporate a British Virgin Islands offshore company. A British Virgin Islands company registration usually takes one to two days, although an off-the-shelf company formation is available for urgent requirements.
Offshore company banking in British Virgin Islands
A1 Global Formations saves you time and hassle by working closely with a number of banks . This means we can incorporate your British Virgin Islands offshore company with a choice of offshore bank accounts.
Anonymity and disclosure in British Virgin Islands offshore companies
The British Virgin Islands is known for its excellent privacy. Offshore British Virgin Islands (BVI) companies are not required to disclose the names of directors and beneficial owners to the registration authorities. There is also no requirement to prepare and file annual accounts, although BVI companies are required to keep financial records to reflect the company’s financial position.
Shares in British Virgin Islands offshore companies
With offshore companies in the British Virgin Islands, there is no minimum share capital requirement but the standard authorised share capital is US$ 50,000. Companies with an authorised share capital up to US$ 50,000 must pay an annual license fee of US$ 350 to the government. Companies with a higher share capital need to pay additional annual fees. The minimum issued capital may be one share of no par value or one share of par value. Bearer shares, registered shares, redeemable shares, preference shares and shares with/without voting rights are all permitted.
If you want to keep your holding share of a British Virgin Islands (BVI) company private, bearer shares are ideal because you don’t have to disclose the beneficial ownership to anyone in the British Virgin Islands (BVI). The details of your shareholding remain private because ownership of bearer shears simply passes by physical transfer.
Recent changes to the bearer share regime in the British Virgin Islands (BVI) do however mean that the name of the beneficial owner would need to be confidentially disclosed to particular bodies, such as financial institutions.
British Virgin Islands Offshore Company Tax Information
Tax benefits of a British Virgin Islands offshore company formation
Located just two miles from St. Thomas and 60 miles east of Puerto Rico, the British Virgin Islands (BVI) is regarded as one of the most reputable offshore commerce and finance centres in the world. The official language is English and as you’d expect, telephone, postal and internet services are good.
The incorporation and administration of the International Business Companies (IBC) in the British Virgin Islands (BVI) is provided by the International Business Companies Act (1984). Under the act, companies are entitled to exemption from income tax.
More recently, in January 2005 further improvements were made to the offshore corporate legislation in the British Virgin Islands (BVI) with a new version of the British Virgin Islands (BVI) Business Companies Act. The new act joins companies operating in the domestic market and companies restricted to international business, removing their distinctions and unifying them as a British Virgin Islands Business Company. All the benefits provided by the previous legislation, including exemption from income tax, are maintained.
Tax liability of British Virgin Islands offshore companies
British Virgin Islands (BVI) Business Companies are exempt from:
*With respect to any shares, debt obligations or other securities of the International Business Companies (IBC) in the British Virgin Islands (BVI)
CORPORATE INFORMATION
| Type of entity | BC |
|---|---|
| Type of law | Common |
| Shelf company availability | Yes |
| Our time to establish a new company | 5 days |
| Government fees for a share capital not exceeding US$50,000 | US $450 |
| Government fees for a share capital exceeding US$50,000 | US $1,100 |
| Corporate Taxation | Nil |
| Double taxation treaty access | No |
SHARE CAPITAL OR EQUIVALENT
| Standard currency | US $ |
|---|---|
| Permitted currencies | Any |
| Minimum paid up | US $1 |
| Standard Share Capital | US $50,000 |
DIRECTORS
| Minimum number | 1 |
|---|---|
| Local required | No |
| Corporate directors permitted | Yes |
| Publicly accessible records | No |
| Location of meetings | Anywhere |
SHAREHOLDERS
| Minimum number | 1 |
|---|---|
| Publicly accessible records | No |
| Location of meetings | Anywhere |
COMPANY SECRETARY
| Required | Optional |
|---|---|
| Local or qualified | No |
ACCOUNTS
| Requirement to prepare | No |
|---|---|
| Audit requirements | No |
| Requirement to file accounts | No |
| Publicly accessible accounts | No |
OTHER
| Requirement to file annual return | No |
|---|---|
| Change in domicile permitted | Yes |
British Virgin Islands
£699.00
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Administrative Additional Services*
*Please note that some ofthese services may be a requirement for particular jurisdictions. Contact us to learn more.
Professional Director
A Professional Director is a third party, who is appointed to act as a Director of a company.
Professional Shareholder
Professional Shareholders are usually required by clients seeking legitimate confidentiality of ownership..
Telephone Answering
Clients wishing to give the impression that their company is based in the UK or has a UK office.
Mail Forwarding
Enhance your business image whilst at the same time fully protecting your true identity and location
Offshore Banking
Offshore account for your company with our International Banking Partners.
Accounting Services
Provision of accounting services for your offshore company.
Trusts & Foundations
Ensure your assets are passed to beneficiaries of your choice.
Wealth Management
Offshore investment advice. Ensure your offshore funds are invested.
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Additional Services
We offer specialist and comprehensive additional services to cover all of your corporate needs.
