Formation Company & Tax Advisory

Saturday, July 21, 2018

Set-Up B.V.I. Company

societa isole verginiThe British Virgin Islands (BVI) are still colonies of the British Crown and they hold about 40 islands in the Caribbean Sea about sixty miles East of Puerto Rico. The main island of the archipelago is Tortola, whose capital is Road Town. Under the Constitution of 1976, the British Virgin Islands (BVI) are independent from the United Kingdom, except for foreign affairs, defense, internal security, civil services and the administration of Justice whose the UK is still in charge of.

The British Virgin Islands (BVI) are recognized as a Country whereas many Off-Shore Companies can get benefits such as a high degree of confidentiality, an effective system of registration and more importantly a very efficient legal system, taken as an example by other Countries to establish their businesses - Establishing BVI Companies

A BVI Company is ideal for:

  • Managing a holding company.
  • International trade.
  • E-commerce.
  • Protecting intellectual property.
  • Managing rights and/or royalties.
  • Protecting real estate and goods.
  • Dealing with the stock exchange and forex.
  • Taking part in other companies.
  • Registering ships and/or boats.
  • Managing succession and inheritance.

Main features of BVI Companies are:

  • Exempt from the public register of company officers.
  • Names of members part of the company are not detected from the Registry of Businesses.
  • Allowed to protect their privacy through specific means.
  • High degree of anonymity and privacy.
  • No mandatory accounting.
  • Stable jurisdiction with excellent credit.
  • Good media.
  • GMT-4 Time zone.
  • Common Law as their applied Law.
  • No requirement for capital to be paid.
  • Bearers securities are not allowed.
  • The manager and the shareholder may be the same Individual and/or company.
  • No mandatory secretary.

BBC-LLP offers a first advice for free - First Meeting*.

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