The BVI are a group of more than 40 islands and
islets located in the Caribbean 60 sea miles east of the Island
of Puerto Rico.
There is no requirement to disclose the identities
of the officers, directors and shareholders.
There is no foreign exchange control in the BVI
and corporations may transfer funds with complete freedom.
BVI is one of the most popular types of offshore
companies. Usually, clients acquire shelf companies since it takes
only one day to complete the setting up procedure. We may also
incorporate BVI companies specifically to client's instruction
and the incorporation procedure can be completed within 1 to 2
weeks. Following are some basic requirements
for the BVI companies:
Company names must contain the words "Corporation",
Inc.", "Limited" or their abbreviations. The name must be in English,
Chinese name can also be registered in the BVI.
Share Capital /
The common authorised share capital is US$50,000
divided into 50,000 shares of US$1 and the minimum issued capital
is one share. Share capital can be denominated in any currency
and shares can be issued with or without par value.
A minimum of one shareholder is required. Details
of the shareholders are not required to be disclosed in the public
record but a register of members must be kept at the registered
office address of the BVI company.
Directors / Secretary
A minimum of one director is required. The Director
may be a natural person or a corporation and need not be a resident
in the BVI. Register of directors is not of public record,but
is required to be held at the registered office address.
A company secretary may be appointed. The company secretary may
be a natural person or a corporation and need not reside in the
The BVI companies must have a registered office
and a Registered Agent in the BVI.
and Annual Requirements
BVI companies are exempt from all taxation on
capital gains, corporate earnings, personal income, sales, inheritance
Every company must pay an annual license fee
and an annual agent fee.
There is no requirement to file audited accounts
with the authorities. However, the companies are required to keep
proper records of books, records, and minutes.