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BVI Company

The document provides an overview of offshore company registration in the British Virgin Islands (BVI), specifically for Business Companies (BC). It outlines key information such as the formation timeframe of 2 to 3 days, no corporate taxes, and minimal accounting requirements. Additionally, it details the necessary documentation for incorporation and associated fees for setup and annual maintenance.

Uploaded by

Moises Alvarado N.
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45 views2 pages

BVI Company

The document provides an overview of offshore company registration in the British Virgin Islands (BVI), specifically for Business Companies (BC). It outlines key information such as the formation timeframe of 2 to 3 days, no corporate taxes, and minimal accounting requirements. Additionally, it details the necessary documentation for incorporation and associated fees for setup and annual maintenance.

Uploaded by

Moises Alvarado N.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

BVI Company Formation

A Brief Introduction to Offshore Company Registration in BVI

GENERAL INFORMATION

Company type Business Company (BC)

Timeframe for company formation 2 to 3 days

Governing corporate legislation The BVI Financial Service Commission is the


governing authority and companies are regulated
under the Business Companies Act 2004

Legislation Modern offshore legislation

Legal system Common Law

Corporate taxation No Taxes of any sort. While the company may not
be liable to pay taxes, please consult with a
tax/legal advisor in your country of residence, to
determine your own tax liability

Accessibility of records There is no public register of company officers

Time zone GMT -4

Currency United States Dollar (USD)

SHARE CAPITAL

Standard currency USD

Standard authorised capital USD 50,000

Minimum paid up USD 1

01/02
SHAREHOLDERS, DIRECTORS AND COMPANY OFFICERS

Minimum number of Shareholders 1

Minimum number of Directors 1

Locally-based requirement No

Requirement to appoint Company Secretary No

ACCOUNTING REQUIREMENTS

Requirement to prepare accounts No accounting / reporting requirements. N.B. As


per Section 98 of the Business Companies Act
2004 (Amended) a company must keep such
records and underlying documentation as
necessary to establish its financial situation and
explain its transactions

Requirement to appoint auditor No

Requirement to file accounts No

Accessibility of accounts None

DOCUMENT REQUIREMENTS

Certified copy of valid passport (or national identity card)

Proof of address (issued within the last 3 months) in English or translated into English

Bank reference letter

INCORPORATION FEES

Initial set-up and- first year USD 1790

Per year from second year USD 1470

02/02

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