BVI tax haven or is one of many tax havens which can be found in the Caribbean. The British Virgin Islands have long established themselves as one of the most progressive offshore tax havens in available, offering excellent services to a large clientele. The BVI tax haven is well known for its BVI offshore company, BVI trust and offshore banking. For many years the BVI tax haven has been in existence and continues to thrive as an offshore jurisdiction and tax haven.

As a tax haven the British Virgin Islands makes tax exemptions available for offshore companies, offshore trusts and offshore bank accounts. A tax havens most important characteristic is providing tax exemptions or tax rates which are very low when compared to that of other countries. Tax exemptions are given for the following taxes in the British Virgin Islands tax haven: income tax, corporate tax, withholding tax, capital gains tax, stamp duty and others. Tax exemptions are granted on income gained outside of the offshore tax haven of the British Virgin Islands. Offshore trusts and offshore bank accounts benefits from these tax exemptions. Tax exemptions in BVI offshore tax haven are granted by legislation in the offshore jurisdiction.

Asset protection in BVI offshore tax haven is provided for offshore companies as stipulated by legislation. Offshore company law in the offshore tax haven makes it difficult for creditors and other parties to get access to the assets of BVI offshore companies. other advantages of the tax haven of the BVI are offshore companies have no financial reporting to do at the end of the financial year to the local tax authorities and BVI offshore company legislation allows an offshore company incorporated in the tax haven to hold shareholders meetings at any location and time convenient to the shareholders of the company.

The BVI Companies law of 2004 allows the tax haven of British Virgin Islands to incorporate companies in the jurisdiction which can operate as offshore companies and have all the benefits and advantages of offshore companies. Offshore company incorporation in the tax haven of BVI means a company which enjoys tax exemptions from all location forms of taxation which corresponds to corporations in the tax haven of BVI. The BVI offshore company can do business in countries around the world and these companies are mostly used as trading companies.

Offshore banking in the tax haven of the BVI is done by highly recommended offshore banks in the offshore jurisdiction. The services offered by offshore banks in British Virgin Islands are exceptional. Offshore bank accounts are not taxed locally and legislation supporting offshore banking in the offshore tax haven of the British Virgin Islands is very progressive legislation.

BVI tax haven is one of the most stable offshore jurisdictions available today for offshore company incorporation, offshore banking and other offshore services. asset protection is provided, therefore persons interested in safeguarding their wealth have will make an excellent choice in choosing the British Virgin Islands tax haven.

BVI offshore services are a wide range of offshore services which are offered in the offshore tax haven of the British Virgin Islands. In order for these services to be offered the proper legislation had to be passed. BVI is a tax haven and offshore jurisdiction with clients from around the world. The jurisdiction is stable politically and from an economic stand point as well. The offshore services which can be requested from the British Virgin Islands are offshore company formations, offshore trust formation and offshore banking.

BVI offshore companies are the most popular of all BVI offshore services. The BVI offshore companies are easy to incorporate and offshore company formation in the BVI usually takes two (2) working days. The BVI offshore company presents many benefits and advantages to its owners. Not only can an offshore company incorporated in the British Virgin Islands do business anywhere in the world but this company also benefits from tax exemptions which are granted by BVI Companies Law. Income tax, corporate tax, capital gains tax and other forms of local taxations are not paid on the income of BVI offshore companies generated outside of the country.  BVI offshore companies and shareholders are protected by privacy laws in the offshore tax haven.

BVI offshore trust is a great asset protection tool. The formation of offshore trusts in the British Virgin Islands is perfect for persons looking to protect personal or family wealth. All offshore trust assets placed in a BVI offshore trust upon formation belongs to the trust and is protect by asset protection laws in the offshore tax haven of BVI which restricts creditors and other parties from accessing the asset of the BVI offshore trust. BVI offshore trusts are exempted from local taxation.

Another of BVI offshore services which is well sought after is offshore banking. The authorities issue limited number of license to offshore banks in order to control this sector and ensure that clients receive the best possible services. Like BVI offshore companies and BVI offshore trusts, offshore banking is also exempted from local taxes in the tax haven. Offshore banking services in the BVI are of the highest quality and offshore bank account holders benefit from banking privacy laws.  Offshore banking services in the British Virgin Islands are available for corporations and individuals.

BVI offshore services are offered by registered agents in the offshore tax haven. The registered agent or offshore service providers are licensed by the relevant government authority to provide offshore services. The registered agents are responsible for preparing documents for offshore company formation and offshore trust formation in the BVI. Offshore registered agents also do bank introductions on behalf of companies and individuals looking to set up offshore bank accounts at BVI offshore banks.

BVI offshore services are excellent for individuals who are interested in asset protection, tax planning as the offshore services offered in the tax haven all provide these benefits.

BVI company formation is done in the British Virgin Islands which is a tax haven and offers many offshore services such as offshore banking and offshore trust formation. The BVI offshore company is one of the most requested offshore companies available today. Offshore company formation in the BVI tax haven has been carried out for more than a decade and the service is supported by modern legislation. The BVI offshore company legislation is constantly updated with the laws being completely revised and reintroduced in 2004.

For offshore company formations in the British Virgin Islands a registered agent is required. A registered agent also referred to as offshore service provider is someone or an office which has been granted a license by the government authorities in the tax haven which enables that person or office to carry out services such as the incorporation of offshore companies.

The BVI Companies law allows for the formation of the following types of companies:

- Companies limited by shares

- Companies limited by guarantee but authorized to issue shares

- Companies limited by guarantee with no authority to issue shares

- Unlimited companies authorized to issue shares

- Unlimited companies not authorized to issue shares

The preparation of documents for offshore companies’ formation in the tax haven of BVI is done by the registered agent. The documents must be submitted to the Registrar of Companies for review and if all the requirements are met then a Certificate of Incorporation will be granted to the offshore company. a registration fee must be paid when documents are being submitted.  A Memorandum of Association and Articles of Association must be prepared for revision by the Registrar of Companies. The required information for offshore company incorporation in the British Virgin Islands tax haven is as follows:

- A proposed name for the BVI company

- The name and address of the registered agent

- The local registered address for the offshore company

- The number of shares the company intends to issue

- The classes of shares to be issued

- State the rights, privileges, restrictions, voting rights and powers of shares if more than one class of share is to be issued

- Companies limited by guarantee must state the liability that each member intends to take up

- The names and addresses of the shareholders  or members of the company

- The names and addresses of company directors

- The objectives of the company

- The by-laws of the BVI offshore company

BVI offshore company formation can take two (2) working days for completion and the cost of offshore company formation in the BVI is very affordable

British Virgin Island company formation has many benefits including tax exemptions on the worldwide income of the offshore company, exemptions are granted on the following taxes; corporate tax, income tax, capital gains tax, stamp duty, withholding tax and many others. Offshore companies in the BVI are not obligated by law to do any financial reporting to the local authorities. A BVI offshore company must pay an annual license fee to remain in Good Standing.

BVI offshore companies are registered according to the stipulations of the BVI companies Law of 2004.  BVI offshore companies are amongst the best offshore companies offered today. BVI is just one of the offshore services which are currently offered in the tax haven. A BVI offshore company has many advantages including tax exemptions, provides asset protection and benefits from privacy laws among others.

When considering tax planning a BVI offshore company is a great tool.  The BVI offshore companies receive tax exemptions from a number of local taxes providing that income is earned outside of the British Virgin Islands. Tax exemptions are given for the following taxes: Corporate tax, income tax, capital gains tax, withholding tax and Stamp Duty among others.  Since the BVI offshore company pays no local taxes then there is no need for this company to file annual audits and financial reports with the local tax authorities in the British Virgin Islands. A BVI offshore company must pay an annual license renewal fee to remain in Good Standing in the offshore tax haven.

BVI offshore companies are given privacy in that the name of the shareholders and directors of the company is not kept in public records. The names of company shareholders and directors are filed with the Registrar of Companies but this information is not made public. This information is known by one other party; the offshore registered agent. As far as privacy goes financial records, these can be kept anywhere the shareholders and directors of the BVI offshore company choose.

A BVI offshore company is has all the rights of an individual in the BVI therefore all assets registered with the offshore company belong to that company. Legislation makes a BVI offshore company the perfect asset protection tool. The assets of offshore companies in the BVI are protected by laws which make it difficult for foreign creditors and other parties to go after these assets.

BVI offshore company incorporation is a simple process which is handled by offshore service providers or registered agent in the offshore tax haven. All offshore companies must be incorporated by a registered agent in the BVI. Offshore company formation in the BVI takes just about two (2) days to complete. The registered agent prepares the incorporation documents for BVI companies and files them with the Registrar of Companies  who will issue the company with a Certificate of Incorporation providing that all criteria is met by the persons registering the company.  A registration fee must be paid when submitting incorporation documents.

BVI offshore companies can be used for many purposes. The most common use for BVI offshore companies to date is as trading companies. These companies can also be used as holding companies and if the appropriate licenses are given a BVI offshore company will be able to provide certain financial services.

Offshore companies formation in the British Virgin Islands is not expensive and the offshore companies are easy to maintain and have a flexible structure. Just one shareholder and one company director is needed for incorporation and the same individual can fill both positions.