Eternity Law International News Company registration British Virgin Islands

Company registration British Virgin Islands

Published:
October 6, 2020
Registration cost1 370 Eur
Company renewal cost1 315 Eur
Directors number1
Corporate tax00.00 %
Registered share capital0.00
Mandatory reporting requirementsNo

Company documents for BVI are the following:

  • Certificate of Incorporation
  • Memorandum and Articles of Association
  • Apostille of the bound set of copies of Constitutive documents
  • Subscriber’s Resolution
  • Apostilled Director’s Resolution
  • Share Certificates
  • Resolution of first shares allotment
  • Articles of Consolidation (Agreement on reorganization in the form of merger)
  • Plan of Consolidation
  • Written Resolutions of the sole Shareholder

Cost of services of a nominee director and shareholder is 550 EUR.

Documents of the nominee service of the BVI company are the following:

  • Resolution effecting the issuing the Power of Attorney
  • Apostilled Power of Attorney
  • Consent Letter of the Nominee Director
  • Director Resignation Letter (undated)
  • Nominee Director’s Declaration
  • Deed of Trust from Nominee Shareholder
  • Instrument of Transfer (undated)

The BVI Business Company (BC) is one of the most recognized and oldest offshore financial centers. The new version of the BVI Commercial Companies Act 2005 eliminated two structures of the concept of companies that operated within the BVI and an offshore company that allowed only one type of company, and that was BVI Business Company.

Main characteristics of the offshore company in the BVI

  • No minimum share capital requirement
  • The minimum number of company directors is 1 (non-resident and corporate director allowed)
  • Information about the Director/Shareholder is not publicly available and is kept only by the registered agent
  • No requirement for filing financial statements or audits

There are ready-made companies available in the BVI. Make a request now.

Taxation for offshore company in the BVI

BVI Business Company is a good choice for the following options:

  • trading activities
  • owning shares of foreign companies
  • BVI offshore company taxation

The new unified BVI offshore company still enjoys tax-exempt status, including such exemptions as:

  • any income tax,
  • dividends,
  • percent,
  • rent,
  • royalties,
  • capital gains income from the sale of company shares.

A BVI offshore company is considered a tax resident of the BVI. BVI has signed treaties for the avoidance of double taxation with Switzerland and Japan.

Instead of tax, there is a flat annual state duty, as well as an annual registered agent fee.

If you need to register an offshore company in BVI our specialists will help you to register a company in BVI quickly and efficiently. In addition, you can buy a ready-made company in BVI. Write to us in the CRM form and we will help you.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

You can order Company registration British Virgin Islands now!

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