R-Offshore Company Formation - British Virgin Islands

Offshore Company Formation - British Virgin Islands

Background
Location	Locate in the Caribbean approximately 80 kilometres east of Puerto Rico.
Official Language	English
Legal System	English Common Law
Currency	US Dollar (USD)
Exchange Control	None
Time Zone	GMT -4

Key Corporate Features
General
Type of company:	Business Companies
Principal corporate legislation:	BVI Business Companies Act
Shell companies available:	Yes View Now
Corporate taxation:	Nil
Share capital or equivalent
Standard currency:	USD
Minimum paid up:	US$ 1
Standard authorised capital / shares:	50,000 shares
Directors
Minimium number:	1
Local required:	No
Corporate directors permitted:	Yes
Publicly accessible records:	No
Shareholders
Minimum number:	1
Local required:	No
Publicly accessible records:	No
Company Secretary
Required:	Optional
Annual Requirements
Annual Return:	No
Audit requirements:	No
Requirement to file accounts:	No
Publicly accessible accounts:	No
Other
Govt Filing of Registers of Directors:	Optional
Govt Filing of Registers of Shareholders:	Optional

Advantages of BVI Companies
»	Totally exempt from BVI income tax (if no business in BVI).
»	No disclosure of shareholders or directors to the public or the government.
»	Only one shareholder and director is required.
»	Do not require a resident secretary, local shareholders, or local directors.
»	Minimum issued and paid up share capital required is US$ 1.
»	No mandatory requirement for annual return / accounts filing.
»	Allow to have bank accounts in any region around the globe.

Restrictions on BVI Companies
»	Prohibit from carrying on any business with persons residing in BVI.
»	Prohibit from owning an interest in real property in BVI.

BVI Companies Setup Requirement
Company Name	Company name should be in English, Chinese name could be registered as additional.
Share Capital	Minimum US$ 1 issued and allotted share capital. Standard registration share capital is USD 50,000.
Director	At least one, no nationality limitation, individual or corporate is also allowed.
Shareholder	At least one, no nationality limitation, individual or corporate is also allowed.
Company Secretary	Not required.
Registered Agent/Address	Require one local authorized registration agency. Registered office must be maintained in the BVI and at the office of a licensed management company.
Processing Time	Tailor-made company, about 8 - 10 working days. Ready-made company, 1 - 2 working days

BVI Companies Setup Procedure
Tailor-made Company
Step 1
»	Suggest at least 3 company names for the proposed company.
»	We will conduct name search to ensure the proposed names have not yet been registered.
Step 2
»	Provide basic information about directors and shareholders (including address, nationality and passport or ID card copy).
»	Confirm company structure and share allocation.
»	Fill in the related order form and provide identification documents together with the first 50% payment.
Step 3
»	We will prepare incorporation / registration documents and send to you by email for your signature.
»	You will need to sign incorporation / registration documents and send back to us together with the final payment.
Step 4
»	We will collect Certificate of Incorporation (CI) upon approval of registration and prepare company kit for the new company.
»	Upon completion, you will receive full set of incorporation / registration documents and company kit by courier.

Ready-made Company
Step 1
»	Choose a preferred company name from the Ready Made Companies List.
»	Provide basic information about directors and shareholders (including address, nationality and passport or ID card copy).
»	Fill in the related order form and provide identification documents together with the first 50% payment.
Step 2
»	We will prepare relevant incorporation / registration documents and send to you by email for your signature.
»	You will need to sign the incorporation / registration documents and pass them back to us for processing.
Step 3
»	We will send copy of CI to you for confirmation and prepare the company kit.
»	You will receive full set of incorporation / registration documents and company kit by courier upon completion.