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| BVI-------British Virgin Island |
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Located in the Caribbean to the east of Puerto Rico, the British Virgin Island (BVI) is a British overseas territory which comprising over fifty-four island among which Tortola, Virgin Gorda, Anegada and Jost Van Dyke are the main islands. The largest island, Tortola, is approximately 20 km long and 5 km wide. The islands have a total population of about 22,000, of whom approximately 18, 000 live on Tortola.
Sentence: BVI (British Virgin Island) is an ideal place for foreign investment; especially the offshore companies to gain the superior financial services form the Caribbean Region.
Conclusion: Setting up a foreign fund invested company in BVI can help the offshore companies achieve the business advantage in Caribbean Region.
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 The British Virgin Islands enjoys one of the most prosperous economies of the Caribbean region, with a per capita GDP of around $38,500. Financial services are by far the most important part of the economy. Nearly 50% of the governments revenue comes directly from license fees for offshore companies and considerable further sums are raised directly or indirectly from payroll taxes relating to salaries paid within the trust industry sector.
Substantial revenues are also generated y the registration of offshore companies. As of 2004, over 550,000 companies were so registered. In 2000 KPMG reported in its survey of offshore jurisdictions for the United Kingdom government that over 41% of the worlds offshore companies were formed in the British Virgin Islands. Since 2001, financial services in the British Virgin Islands have been regulated by the independent Financial Services Commission.
The British Virgin Islands are, with Hong Kong, one of the main sources of foreign investment in China, due to the number of global companies which use it as a base for a holding company for China investment purposes.
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Incorporation requirements |
»One (1)director or more
»One (1) shareholder or more
»Director and shareholder can be the same person, and can be a corporation
»Local shareholder & director: not required
»Local meeting: not required
»Corporate secretary: not required
»Local registered office: YES
»Annual return: not required
»Audited financial statements: not required
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»Minimum paid in and issued capital: one share
»Standard issued capital: USD50,000 (or equivalent in other major currencies)
»Shares can be issued with or without par value
»Shares can be paid up in cash, asset transfer or other considerations
»Issued capital does not need to be actually paid up
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A BVI International Business Corporation is exempt of tax for all income earned worldwide within their first twenty years.
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Confidentiality & Privacy
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Names of a BVI company owners are not shown on the incorporation documents, and as such are not accessible from the public record. |
»The registration of a BVI company takes around 15~30 days.
»BVI IBC name search
»Documents preparation and submission (Articles of Association, Memorandum, company minutes etc.)
»Payment of first year government fees
»Filling the application at the BVI registry
»First year registered office fees
»Our service charge
You will need to fill a form, provide a copy of your passport and a letter of appointment of first director (model provided)
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Upon registration completion, you will be receiving:
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»A certificate of incorporation
»The Memorandum and Articles of Association
»The minutes of the first meeting of the board of directors
»The register of shareholders, directors and secretary (if any)
»The share certificates
»The corporate seal
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