What is BVI offshore company?
An “offshore company” is generally understood to be a corporation registered in a “tax haven” – low-tax or zero-tax country.
Is BVI offshore?
The Virgin Islands are one of the oldest offshore centers. Nearly 41% of offshore companies worldwide have been formed in the British Virgin Islands, making the BVI one of the world’s leading offshore financial centers.
Why are companies incorporated in British Virgin Islands?
Investors are drawn to the British Virgin Islands (BVI) for its flexible and modern corporate regime, tax neutrality, respected legal system, political stability and effective regulatory framework. This means investors from both sides of the Atlantic are equally comfortable using BVI companies.
How do I set up a BVI entity?
Process
- 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.
- STEP 2 – MAKE PAYMENT FOR OFFSHORE COMPANY.
- STEP 3 – INCORPORATE BRITISH VIRGIN ISLANDS COMPANY.
Do BVI companies pay tax?
The British Virgin Islands has no corporate tax, capital gains tax, wealth tax, or any other tax applicable to a British Virgin Islands company.
How do I find information on BVI company?
Information on companies formed in the British Virgin Islands can be obtained from the BVI Commercial Registry. General information on a company’s registration number, registered office, incorporation date, status and authorized capital, etc. is available.
How much does it cost to incorporate in BVI?
Incorporation costs in Year 1 amount to US$2,920 and annual company costs in Year 2 and thereafter amount to US$1,100. The average fee per BVI engagement amounts to US$9,320, which includes company incorporation, opening a local corporate bank account, and all government fees.
How do I verify a BVI company?
Please contact the BVI Commercial Registry to conduct your search. Contact info: (284) 494 5355-phone or (284) 494 6331-fax.
Do BVI companies need to file accounts?
There are no strict reporting requirements in BVI and an IBC does not need to prepare financial statements or company accounts. The company should maintain only those accounts or records which the company directors consider to be necessary for their own use; and these can be kept anywhere in the world.
Why is BVI a tax haven?
Benefits of BVI as a Tax Haven A BVI offshore company pays zero income tax. There is no British Virgin Islands tax on capital gains tax, nor are there gift taxes, inheritance taxes, sales taxes, or value added taxes.
How do I know if my BVI is active?
How do I conduct a company search? Information on companies formed in the British Virgin Islands can be obtained from the BVI Commercial Registry. General information on a company’s registration number, registered office, incorporation date, status and authorized capital, etc. is available.
Are there offshore companies in the British Virgin Islands?
Fidelity Corporate Services Ltd is a professional offshore incorporation services firm. We are located in the British Virgin Islands and we specialize in BVI Business Companies – probably the worlds´ most popular type of offshore company.
Where is the offshore incorporation centre in Tortola?
Home» About Us» Ex-Asia» British Virgin Islands British Virgin Islands Offshore Incorporations Centre, PO Box 957, Road Town, Tortola, British Virgin Islands
Is the British Virgin Islands a corporate domicile?
Such is the dominance of the British Virgin Islands as an offshore corporate domicile, that in many regions of the world International Business Companies are called simply as “BVI’s”.
Can a BVI company be registered outside the BVI?
All the companies in the BVI whether they operate locally in the BVI or internationally outside the BVI are registered in the same Register, regulated by the same law, all have the same rights and the same tax regime (tax-free). This is a great advantage as it is harder to determine whether a particular company is actually “local” or “offshore”.