How do I set up a company in the British Virgin Islands?

Posted on by Author

How do I set up a company in the British Virgin Islands?

Process

  1. STEP 1 – SUBMIT INCORPORATION ORDER FORM FOR BVI COMPANY INCORPORATION. Please provide us your email address in the package details and we will email you the necessary incorporation forms.
  2. STEP 2 – MAKE PAYMENT FOR OFFSHORE COMPANY.
  3. STEP 3 – INCORPORATE BRITISH VIRGIN ISLANDS COMPANY.

Is there corporate tax in BVI?

There are effectively no taxes in BVI, other than payroll tax, stamp duty for real-estate transactions and import duties. In all other respects BVI is either a zero or no tax territory, including no taxes on income, capital gains, sales, profits, inheritances and corporations.

Is the British Virgin Islands a tax haven?

The BVI is one of the world’s most popular tax havens and attracts legitimate business corporations, celebrities, multimillionaires, and criminals alike. The island offers cheap and simple shell companies that allow their owners to avoid registering their names in public.

READ:   How legally binding are dog contracts?

Why set up a company in BVI?

Company formation is big business in BVI; in fact, more than 50\% of the Government’s annual revenue is derived from license fees for offshore companies. There are currently over 500,000 IBCs registered in BVI. BVI does 2 things: tourism, and offshore companies / trusts. The British Virgin Islands offer distinct advantages over other jurisdictions.

What types of companies can be opened in the British Virgin Islands?

There are several types of companies that can be opened in the British Virgin Islands: joint—stock companies, companies with limited liability, which does not allow the issuance of shares of a limited liability company with the right to issue shares, companies that do not have the right to issue shares of the company authorized to issue shares.

What are the tax benefits of offshore businesses in BVI?

(3) Legal tax reduction and exemption: All offshore legal entities enjoy a certain amount of tax reduction or even tax exemption. No income tax is payable in BVI for individuals and unincorporated entities.

READ:   Is it an X intercept if it touches the x-axis?

Who are the trustee companies in the BVI?

Tricor provides licensed trustee services in BVI, through another Tricor company, Equity Trustee Limited, to traditional discretionary trusts and VISTA trusts. Tricor also provides trust administration and compliance services to family trusts using private trustee companies (PTC) incorporated in BVI.