Hotline:
400-711-2005
英属维尔京群岛公司BVI
The British Virgin Islands is a British overseas territory and a member of the British Commonwealth of Nations. The BVI has been autonomous since 1967. The government authority of the BVI is the Executive Council headed by the Governor appointed by the Foreign and Commonwealth Office of Great Britain. The official language of the BVI is English. The literacy rate of the population is about 100%. The official currency is the United States dollar. There are no restrictions in relation to its conversion or transfer into or from the country.
The main branch of economic activity of the BVI is tourism (more than 350,000 tourists visit the islands every year). And significance of the financial sector is growing constantly. The BVI is a popular jurisdiction for incorporation of offshore companies (41% of all offshore companies in the world).
Population of the island of Tortola is 23,908. The main city is Road Town, the capital of the British Virgin Islands.
The main source of income of the island is provision of financial services and sale of offshore companies. The well-known International Business Companies Act passed in early 1980s caused a substantial growth of the fiscal revenue of the state. Citizens of the British Virgin Islands are among the wealthiest residents of eastern Caribbean states. For this reason a lot of residents of other islands of the Caribbean Sea work in the BVI. In spite of the fact that the BVI is a British territory the official currency is the United States dollar. There are lots of offshore companies registered in the islands that carry out business in many countries of the world.
Company type | IBC (International Business Company) |
Possible name endings | Limited /Ltd / Corporation / Corp. /Inc. / Incorporated / S.A. / It is also possible to use a name in Chinese |
Corporate legislation | BVI Business Companies Act, 2004 |
Authorized capital | 50,000 USD (need not be paid) |
Bearer shares | Not allowed |
Company structure | Minimum number of shareholders and directors is 1 (it may be an individual or a legal entity). Nominee shareholders and directors are allowed. |
Privacy | Non-public register of shareholders and directors. Information is provided only under court decision. |
Taxation | Zero |
Accounts and audit | Not required, but the company must keep its accounting records showing its current financial position. |
1. At least one shareholder and one director are required in order to register a company in the BVI (a director and a shareholder may be the same individual or legal entity)
2. The company name must be unique. Registration of a company in the BVI is carried out in English. Registration is also possible in Chinese.
1. Selection of an offshore company in the BVI from the list of ready-made companies, or provision of your own name
2. Determination of directors, shareholders and shares of each member
3. Provision of Due Diligence documents:
Ø Certified passport copy
Ø Certified address proof
Ø Reference letter from bank/notary/lawyer, etc.
Ø All documents must be provided in English or duly translated.
Ø If nominee service is needed, the same documents for the attorney and beneficial owner must be provided.
Day1
Provision of a name for a company to be registered
ü Determination of directors
ü Determination of shareholders and their shares
ü Provision of Due Diligence documents
ü 100% payment
Receipt of documents and seal by the client
ü Determination of directors
ü Determination of shareholders and their shares
ü Provision of Due Diligence documents
ü 100% payment
ü Receipt of documents and seal by the client
Ø Apostilled set of documents:
ü Certificate of Incorporation
ü Memorandum and Articles of Association
ü Resolution Of Subscriber To Appoint First Director(s)
Ø Memorandum and Articles of Association
Ø Letter of Acceptance
Ø Consent Actions of the Sole Director
Ø Register of Members
Ø Register of Directors
Ø Share certificate
Ø Company Seal
Documents provided in addition to the main set
Ø Declaration of Trust for Directors
Ø Declaration of Trust for Shareholders
Ø Resolution of Director(s) to Issue Power of Attorney
Ø Power of Attorney with apostille
24 hour hotline:+86 13588024949 BSI HOT-LINE:400-711-2005
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