British Virgin Islands BVI: Corporate Key Facts
Highlights of British Virgin Islands
- Excellent corporation law
- Flexible company law
- No taxes levied on international and banking transactions. No exchange control regulations
- Political and economic stability
- Excellent hotel accommodations
- Excellent worldwide communication facilities
- Skilled personnel
- No capital gains, income or other kinds of taxes
BVI Offshore Company Features
| General | |
| Type of Company | BC |
| Type of Law | Common |
| Shelf company availability | Yes |
| Our time to establish a new company | 2 days |
| Corporate Taxation | Nil |
| Double Taxation Treaty Access | No |
| Share capital or equivalent | |
| Standard currency | US$ |
| Permitted currencies | Any |
| Minimum paid up | US$1 |
| Usual authorised | US$50 000 |
| Directors | |
| Minimum number | One |
| Local required | No |
| Corporate Directors Permitted | Yes |
| Publicly accessible records | No |
| Location of meetings | Anywhere |
| Shareholders | |
| Minimum number | One |
| Publicly accessible records | No |
| Location of meetings | Anywhere |
| Company Secretary | |
| Required | Optional |
| Local or qualified | No |
| Accounts | |
| Requirements to prepare | Yes |
| Audit requirements | No |
| Requirements to file accounts | No |
| Publicly accessible accounts | No |
| Recurring Government Costs | |
| Minimum Annual Tax / Licence Fee | US$350 (authorised shares < US$50,000) / US$1,100 (authorised shares > US$50,001) |
| Other | |
| Requirement to file annual return | No |
| Change in domicile permitted | Yes |
Many clients use BVI companies for international trading, intellectual property holding, and real estate ownership. GWS Offshore guides you through setup, compliance, and ongoing administration.