Offshore BVI
Benefits of BVI Offshore Company:
International Business Company (IBC) is the most commonly used type of company. These companies are exempt from tax on income from activities outside the islands, interest, rents, royalties and capital gains on securities. They do not qualify for any local tax liability, including inheritance tax, gift tax, estate tax, stamp duties, customs, etc. IBCs pay only the annual fee. The authorities do not require any statements or tax returns. Shareholders and executives may meet in any country or be represented by an agent.
Bank account for BVI offshore company: Euro Pacific Bank, Belize Bank International, Pacific Private Bank, Atlantic International Bank.
BVI offshore company registration in 5 steps:
STEP 1: Place your order
STEP 2: Pay the fee for BVI offshore company formation
STEP 3: Our Project Manager contacts you and requests that you send the necesary documents
STEP 4: You receive foundation documents from us
STEP 5: You are able to start your business
Customer satisfaction rate:
Documents required for BVI offshore company formation: certified copy of passport or ID card, proof of address (not older than three months).
On the other hand, a British Virgin Islands offshore company may not own shares in real estate, except for rental of premises through which it communicates with its members or keeps records of the company. It must not act as a bank, insurance company or trust if it does not have an appropriate license. It must not provide paid incorporation services without a license or provide registered offices or registered agent services for companies incorporated in the British Virgin Islands.
BVI Offshore Company:
Legal form
BC
Duration of establishment
4 – 5 days
Register of executives
Not publicly accessible
Register of shareholders
Not publicly accessible
Registered capital
50,000 USD
Minimum paid-up capital
1 USD
Minimum number of shareholders
1
Minimum number of executives
1
Non-residents allowed as executives / legal person
Yes / Yes
Registered agent / seat required
Yes / Yes
Local company secretary required
No (anywhere in the world)
Local General Assembly required
No
Submission of financial statements
No
Submission of annual reports
No
Mandatory audit
No
Required tax return
No
Taxation of income
No
Possibility to use a Double Taxation Avoidance Agreement
Yes
About Offshore BVI
The British Virgin Islands are located in the Caribbean Sea and are a dependent territory of Great Britain, thus the legal system is based on English law. Thanks to the flexible legislation that allows companies to also register trusts, banks, insurance companies and funds, British Virgin Islands are among the most popular tax havens and tax planning destination.