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The British Virgin Islands are a
group of 46 islands in the Caribbean Sea adjacent to the US
Virgin Islands, about 100 miles east of Puerto Rico. About 15,000
residents inhabit the BVI, with over 11,000 living on the largest
island, Tortola. It is an English speaking British dependant
territory. All legislation is based on British
Common Law.
The local government was among the first in the world, in 1984,
to implement offshore company legislation - the International
Business Companies Act. The Act was considered by many professionals
as the best of its kind. New BVI Business Company Act came into force in 2004, and it meets the challenges of the time (fighting money laundering, terrorism, and any illegal usage of offshore corporate structures). On the other hand the new law still keeps the BVI companies being confidential, hassle-free, and flexible. To date, the BVI evidently are the 'number one' jurisdiction
for incorporation of tax free companies: more than 700,000 IBCs and newer type Business Companies have been registered
by the local Registrar.
Tax system facts:
Corporate tax: NIL.
The BVI BCs and all amounts paid by them to non-residents are exempt
from all BVI taxes.
The best offshore tool in the BVI:
BVI Business Company (BVI BC) Outstanding features:
- Corporate tax: NO
- Names disclosure in public records:
beneficial owner(s)
- NO
shareholders
- NO,
directors - NO
- Bearer shares: ALLOWED, BUT HAVE TO BE KEPT WITH A LICENSED CUSTODIAN IN THE BVI
- Non-resident directors: ALLOWED
- Annual return filing requirements: NO
Our fees and services in the BVI:
Please click here for the details
regarding our fees and services in the BVI.
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