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The British Virgin Islands is considered one of the world’s leading offshore jurisdictions. It is one of the oldest and most respected offshore financial centres in the world. BVI is a British overseas territory located to the east of Puerto Rico, in the Caribbean.
The BVI corporate registry includes approximately 850.000 registered International Business Companies. BVI company law is, like most of the British Overseas Territories, based on the English common law, whilst considering equitable principles, local legislation and statutory law.
The most common BVI Company Registration type in is an International Business Company (IBC). IBC’s are companies incorporated in the British Virgin Islands under the International Business Companies Act, 2004 and provide a low cost corporate entity which can handle corporate structures and transactions while offering safety and security to investors.
The standard BVI company formation requires a minimum of one director and one shareholder. They do not need to reside in the BVI and they can be corporate entities. What makes this destination so popular is an individual director is not required.
You can also have a one-man company, meaning that the Director and Shareholder can be the same person.
Nominee Director and Shareholders are also permitted in a BVI company registration.
The BVI International Business Company is exempt from all local taxes. This includes stamp duty, capital gains, sales tax, inheritance tax, and VAT.
There are no requirements for appointing auditors, filing annual accounts, filing financial statements and public or government reports.
Each BVI Company must be renewed yearly to be kept in good standing. If the BVI company has nominee directors, they will also need to be renewed every year. Our yearly renewal package includes; 1 year tell and email support, registered agent service, registered office service and all government fees.
The annual requirements for a BVI company are minimal. There is no requirement to file annual accounts or a company annual return. There are no requirements for appointing auditors, filing annual accounts, filing financial statements and public or government reports.
|Alteration to the Memorandum & Articles of Association||$ 500,00 Minimum fee|
|Apostilles||$210,00 All inclusive fee|
|Certificate of Good Standing||$ 180,00 All inclusive fee|
|Certificate of Incumbency||$ 220,00|
|Certified copies of documents||$ 150,00 Minimum fee|
|Copies of documents (Not Certified)||$ 75,00|
|Drafting Resolutions||$ 375,00 Minimum fee|
|Filing Register of Mortgage & Charges||$ 650,00 Plus disbursements|
|Filing Transfer Out||$ 500,00 All inclusive fee|
|Filing Register of Directors||$ 225,00 All inclusive fee|
|Filing Beneficial Owners (BOSS) Information||$ 180,00 All inclusive fee|
|Indemnity Agreements||$ 425,00 All inclusive fee|
|Notarizations||$ 250,00 All inclusive fee|
|Powers of Attorney||$ 500,00 All inclusive fee|
|Provision of Corporate Director||$ 1.500,00 Annual fee|
|Provision of Corporate Secretary||$ 575,00 Annual fee|
|Provision of Personal Director||$ 4.800,00 Annual fee|
|Provision of Post Box Services||$ 360,00 Annual fee|
|Reactivation of struckoff companies||$ 500,00 Plus disbursements|
|Resignations||$ 125,00 All inclusive fee|
|Economic Substance Processing and Filing Fee||$ 395,00 Minimum fee|
Everyone has questions forming a corporation or LLC. You are not the only one. Therefore we have put together this FAQ page to address the most important issues.
See below for the questions we hear the most, and read the answers you need to know. If you don’t see your question below, please call or email us.
Our staff will take care of everything for you without hidden cost
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