What we can help?
AsiaBC is Hong Kong corporate service provider, we can incorporate a British Virgin Islands (BVI) offshore company or you can buy a ready-made shelf company. Simply make an inquiry, we can offer a free initial consultation on the matter of BVI corporate requirements, taxation and bank account opening.
Learn more about British Virgin Islands (BVI)
The British Virgin Islands (BVI) is a British Overseas Territory, which became self-governing in 1967 and is a member of the British Commonwealth. It is a group of islands in the Caribbean Sea located east of Puerto Rico. There are no exchange controls or restrictions on the flow of currency in or out of the territory.
Law & Taxation
BVI legal system is based on English common law. Business Companies is the entity tailor-made for international business. There are no taxes levied on business companies with the exception of the annual government licence fee.
Every BVI company must have a registered agent and registered office in the BVI, provided by a local licensed service provider. There are no requirements for annual returns, annual meetings, or audited accounts.
Each company must have at least one director, and corporate directors are permitted. Every newly incorporated company is required to appoint its first director within six months of the date of incorporation, and the Register of Directors or a copy must be kept at the office of the agent. Details of the directors must be filed with the Registry of Corporate Affairs, but they are not available to public access.
The company must have at least one shareholder, and bearer shares are allowed. However, bearer share certificates have to be held by an approved custodian, and the company must maintain a register of the company’s bearer shares, specifying the number of the bearer share certificate, the full name of the beneficial owner, the full name of any other person that has an interest in the bearer share, and the name and address of the custodian.
The Register of Shareholders or a copy should be kept at the office of the registered agent. Details of the shareholders are kept from any public record.