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.