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.
Company incorporation in the BVI is a service that is carried out by agents. Likewise, second citizenship programs which nicely fit in international inheritance and succession planning strategies are regulated. Besides forming BVI companies, we work with renowned tax planning firms that help families to secure a stable financial future through second citizenship www.stkittscitizenship.com.
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.
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