OFFSHORE COMPANY INCORPORATION IN BRITISH VIRGIN ISLANDS

WHY BRITISH VIRGIN ISLANDS
 
The BVI is one of leading offshore jurisdiction and offers many advantages in addition to high quality service. The BVI IBC was formally renamed the BVI Business Company but retained the very same features of the international business company. 
 
Progressive legislation
Confidentiality 
No requirement for any financial statements, accounts or records
Exemption from all taxes for a period of 20 years
Minimum capitalization
Fast  Incorporation 
 
The British Virgin Islands consist of the main islands of Tortola, Virgin Gorda, Anegada and Jost Van Dyke, along with over fifty other smaller islands and cays. Only 15 of the islands are inhabited. 
They were first settled by the Arawak from South America around 100 BC, and the Arawak inhabited the islands until the 15th century when they were all but destroyed by the more aggressive Caribs' tribe. 
Today the British Virgin Islands remain under the control of the British Government, but are administered by a hands-on Governor appointed by the Queen of England. 
Steeped in the history of the British Navy, the islands are ringed by shipwrecks; the most famous of these - The RMS Rhone - is now a national marine park, and a favorite scuba diving point. 
Road Town, the capital city, is crammed with markets, boutiques and restaurants, and remains a favorite stop for cruise ship passengers.
Ferry service to the outer islands is convenient and economical, but outer island air service is limited.
British Virgin Islands as a modern offshore financial center (like the British controlled Cayman Islands), the British Virgin Islands now enjoy one of the more prosperous economies in the Caribbean. 
The British Virgin Islands offshore sector, especially the legislation regarding Offshore Companies, underwent a lot of changes in the years between 1998 and 2004.  These changes were aimed at ensuring that the BVI was fully compliant with the EU Savings Tax Directive and the EU Code of Conduct on Business Taxation (required by the UK of all overseas territories). 
Finally in 2004, the British Virgin Islands Business Companies Act 2004 (the BVI BC Act) was adopted.  This entered into full force on the 1st of January 2007, when it became the sole Business Companies Act in the jurisdiction. 
Under this legislation, the income tax rate for both local and International Business Companies became 0%, effectively removing the distinction between offshore and onshore entities. 
 

FEATURES OF BRITISH VIRGIN ISLANDS BCs INCLUDE:

GENERAL INFORMATION
Total area – 153 sq km
Population –28,054
Political status –Dependency Republic under constitutional monarchy
Capital – Road Town
Official language – English
Official currency – United States Dollar (USD)
Time zone – GMT -4
COMPANY TYPE
Business Company (BVI BC)
DIRECTORS/OFFICERS
A minimum of one director is required. Positions of President, Secretary and Treasurer are mandatory for each BVI company.
Any persons including individuals and legal entities, such as corporations, limited liability companies, etc. residents of any country may be appointed as directors and officers of the BVI BC.
One person may hold all positions - director, president, secretary and treasurer.
SHAREHOLDERS
A minimum of one shareholder is required. Residents of any country, individuals and legal entities may become shareholders of BVI BC.
SECRETARY
A minimum of 1 Secretary. One person may hold all positions - director, president, secretary and treasurer.
AUTHORIZED SHARE CAPITAL
BVI BC may be authorized to issue shares with or without a par value.
Standard BVI company is considered a company, which is authorized to issue a maximum of 50,000 ordinary shares of a single class with a par value of US$1.00 each.
COMPANY NAMES
The word "Limited", "Corporation", "Incorporated", "Societe Anonyme" or "Sociedad Anonima" or the abbreviation "Ltd", "Corp", "Inc" or "S.A." must be part of the name. Restricted names are ones that the Registrar may consider to be misleading, and include, for example, bank, financial, trust, insurance, trust, stock exchange, etc.
BENEFICIAL OWNERSHIP INFORMATION
Names of the directors, officers and shareholders are not filed with the BVI Register of Companies, not included in the Memorandum and Articles of Incorporation and not available for the public.
FILING OF FINANCIAL STATEMENTS
There are no accounting and audit requirements for BVI companies.
CORPORATE TAXATION
There are no incomes or other taxes for BVI BC or its directors, officers and shareholders.
TIMEFRAME FOR INCORPORATION
2/3 working days + Courier delivery from British Virgin Islands
“READY MADE”/
”SHELF” COMPANIES
“Ready–Made” companies are already available
 
Incorporation Package without Nominee Services includes: 
  • Certificate of Incorporation
  • Memorandum of Association
  • Articles of Association
  • Resolution of the Subscriber in Writing
  • Resolution of Director in Writing
  • Minutes of first meeting
  • Share certificate
  • Register of directors and officers
  • Register of members
  • Taxes for 1 year
  • One set of apostilled incorporation documents 
                    - Certificate of Incorporation
                    - Memorandum of Association and Articles of Association
                    - Resolution of the Subscriber in Writing 
 
Incorporation Package with Nominee Services includes:
  • Certificate of Incorporation
  • Memorandum of Association
  • Articles of Association
  • Resolution of the Subscriber in Writing
  • Power of Attorney
  • Resolution of Director in Writing
  • Share certificate
  • Share transfer
  • Register of directors and officers
  • Register of members
  • Letter of resignation
  • Declaration of trust
  • Agreement for the provision of nominee services
  • Taxes for 1 year; Nominee service payment fees
  • One set of apostilled incorporation documents :
                    - Certificate of Incorporation
                    - Memorandum of Association and Articles of Association
                    - Resolution of the Subscriber in Writing 
 
Additional service with Incorporation will be provided by your request:
  • Power of Attorney (with your wording)
  • Bank account opening
  • Change of Company Name
  • Change of Company Structure
  • Change of Articles of Association
  • Apostile
  • Notarization
  • Certificate of Incumbency
  • Certificate of Good Standing
  • Company stamp
RENEWAL FOR CORPORATION IN BVI (BVI BC)
Starting from the second and each following year. All renewals  include:
  • Annual fees
  • Registered Agent Fee
  • Registered Office
  • Re-issuance of General Power of Attorney*
* Payment for incorporation can be conducted in advance for several years in order to receive Power of Attorney with validity for the whole period of prepayment.
 
HOW TO ORDER
If you require additional service provision out of BVI then they will be charged according to the level of services as per our price list call or email for details
TEL.: +38 0552 41 53 04
         +38 0552 41 53 05
 
E-mail: registration@flagadmin.com