BVI, British Virgin Islands - prosperous by the standards of the Caribbean state. Much of this has made the islands belonging to the British overseas territory, as well as tourism and the financial sector. Nearly a million tourists a year come to the BVI from the U.S., filling the local economy, and also every year tens of thousands offshore companies register there.
Nearly forty percent of all offshore companies located in the Virgin Islands. Although foreign companies do not pay taxes, but the annual fee of several hundred thousand registered companies already have enough to substantially filling the budget of the island state.
What is so interesting for founders of new companies in British Virgin Islands?
The benefits of new companies in BVI
Needless to say, that offshore company in Virginia does not pay taxes, but this situation is also in other offshore areas, so why BVI better? The company in BVI automatically means prestige and solidity, and let it be just an offshore company, but its status is still higher than in other open offshore areas. Besides, now the Virgin Islands are not in the list of organizations FATF, and it greatly simplifies the company's relationships with reputable banks and other financial institutions.
Main advantages of BVI:
- Reliability;
- Fast check-in;
- Low cost;
- Minimum directors and shareholders;
- Complete anonymity.
To open a company in the BVI you need one director of any nationality, it may also be a legal entity. Shareholder can be only one and he did not necessarily have to be a resident of Virginia.
The standard authorized capital is 50 thousand dollars, but it may be less, there is no lower or upper barriers. There are also no requirements for delivery of annual reports, any inspections and audits.
Data about the owners, directors and shareholders is transmitted only to registered agent, and may be disclosed only by decision of the local court, because foreign companies are not taxpayers of state BVI and are not subject to any interstate agreements.
Very comfortable also the fact that the official local currency - the U.S. dollar, so there is no need for exchanges, translation courses, etc.
Also important nuance - there is no need of a new company owner to attend the opening of the firm. All is done by agent, who only needs the documents and specific requirements for the new company.
Rapid opening of the company in the BVI
Is it simply to establish a new business in the BVI, as they say in various advertising? Officials on the islands made for this maximum, and this attracts entrepreneurs from around the world, but certain nuances are still present. For example, some activities require a license, etc.
Experts of our company - are professionals in the field of establishing new companies, especially the emphasis for many years we have been doing on the most significant offshore. Our lawyers know all the nuances that might arise and ways on how to overcome them without the expense and loss of time. With our help, a new company in the BVI will open quickly and reliably, and the business will bear fruit soon!
Details of the diplomatic missions, government agencies, immigration services