British Virgin Islands Offshore Corporation: Make This Your First Choice For An Offshore Incorporation
Incorporate a British Virgin Islands offshore corporation while on a fabulous vacation! The famous vacation hub of the Caribbean, beautiful and appealing. Yes you guessed right. We are talking about the British Virgin Islands. The British Virgin Islands is the best destination for you, your family and colleagues not only if you are planning a holiday to get your best holiday experience but also if you have decided to incorporate your business in an offshore destination.
Here you can not only enjoy the beauty of the sea, do shopping, buy souvenirs for your friends and family and dine out in various locations with exotic food varieties available, but you can also enjoy the unique incentives given to investors for promoting a British Virgin Islands offshore corporation. Spending a vacation in the British Virgin Islands is really all about beaches and the sea. But if you want to incorporate your business in an offshore destination the British Virgin Islands offshore corporation is a choice that has been made more than 600,000 times before! In fact 5,000 incorporations are made every month. The incentives offered by the British Virgin Islands government and the concessions granted to the British Virgin Islands offshore corporation make it an ideal location for the offshore incorporation. The corporations incorporated in the British Virgin Islands for the purpose of offshore business are termed as International Business Companies or IBCs. These can also be termed as BVI IBC. For regulating the formation and operation of the BVI IBC a legislation was introduced in 1984. This legislation was subsequently amended to accommodate the changes required by the international BVI corporations. If all the requisite BVI info is provided and documents filed, and the relevant authorities grant approval, theoretically, the process of formation of an international BVI Corporation can take a minimum of 6 to 8 working hours. Normally though it takes more like 3 working days. However, if you are planning to use the company in Dubai, UAE to buy property you will need a series of attestations by the UAE and British Embassies, followed by the UAE Ministry of Foreign Affairs. Thsi process not only takes time but also costs more than an additional US$ 2,000+!
To provide you BVI info, striking characteristics of British Virgin Islands offshore corporation are provided below: • Only one shareholder is required for incorporating a British Virgin Islands offshore corporation • There is a requirement of only one director for British Virgin Islands offshore corporation • A resident secretary is not required by virtue of law • The company meetings can be held all over the globe, holding meetings in the British Virgin Islands is not required • The meetings of shareholders and directors are not compulsory • Meetings can be held by using telephone or any other means of communication through which voice can be transmitted and clearly heard. • A natural or artificial person (e.g. a corporate body), both can be a shareholder and appointed as a director of the company • A single person can be director and shareholder • Appointment of local shareholders or directors is not required • Keeping of accounts, records and financial statements is not required • Records can be kept anywhere in the world if there is a need to keep records. The current fabulous weather in British Virgin Islands!
The basic costs of incorporation when incorporated through us are given below: Cost Of Incorporation BVI | Cost Of Incorporation BVI | US $ | | British Virgin Islands Offshore Corporation Standard Configuration Includes: | 1,500 | - Government registration fee at optimum authorized share capital
| | - Registered agent and registered office in British Virgin Islands for the first year
| | - One full set of copies of main documents certified by Notary and legalized by Apostille in BVI.
| | - The standard set of corporate documents includes:
| | - Memorandum of Association, Registry stamped
| | - Articles of Association, Registry stamped
| | - Resolution for appointing the first director
| | - Resolution for allocation of shares
| | | | | | Courier shipping is charged extra, as follows: | | - North and Central America: for one set of documents [+ US $ 16 per each additional set].
| 120 | - Europe, Middle East: For one set of documents [+ US $ 16 per each additional set.]
| 130 | - Asia, South America: for one set of documents [+ US $ 16 per each additional set.]
| 155 | - Rest of the World: for one set of documents [+ US $ 16 per each additional set.]
| 175 | | Annual fees from 2nd year onwards | 1,200 | | For BVI International Business Company (IBC) Custom Made/ Individual Orders. [Any extra services required over and above the standard order defined above, will be charged according to the fees below] | | | Service Description | | - Registered agent and registered office in BVI (per annum)
| 330 | - MISCELLANEOUS INDIVIDUAL SERVICES:
| | - Notarial certification (standard document)
| 110 | - Apostille legalization on a notarized document or a public document
| 190 | | | 110 | - Certificate of Good Standing by the Registrar of Companies
| 190 | - Certificate of Incumbency by the Registered Agent
| 175 | - Perform company search with the BVI Registry of Companies
| 275 | - File the Registry of Directors or Shareholders with the BVI Registry, each. (Not mandatory.)
| 275 | - Configuration of the company with bearer-shares. (One time professional fee.)
| 550 | - Issue of an additional Power of Attorney (at times other than incorporation or current renewal)
| 110 | | Management And Administration | | - Company Secretary (per annum)
| 220 | - Nominee shareholder by corporate body (per annum)
| 220 | - Nominee directorship by corporate body (per annum)
| 550 | - Nominee directorship by private individual (per annum)
| 2,200 | - Nominee account signatory (per annum). Subject to client status
| 660 | - Mail forwarding service (per annum)
| 550 | - Signature by nominee of a specific additional documentation (resolutions, contracts, forms, applications, etc.) outside the scope of the regular incorporation work. If legal drafting of a specific document is required, this may involve fees on time spent basis.
| 110 | - Miscellaneous non-standard work in relation to recurring company management, as carried out by a senior executive, e.g. amendments to standard documents, preparation and issue of specific legal documents and commercial correspondence. [per hour]
| 550 | - Miscellaneous non-standard technical, administrative and clerical work in relation to recurring company management, as carried out by a junior executive. [per hour]
| 220 | | Bank introduction. - Includes introduction to a direct personal contact in the bank, provision of all application forms and written instructions. [If further personalized assistance is required, it will be charged on time-spent basis.]
| 1,100 |
Please see the map below to see the location of the British Virgin Islands. Where you can incorporate your company.
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Domain Tax Guide. Tax Guides For E-commerce, Internet Domain Name, And Online Entrepreneurs. Domainer Taxes.Please click on any of the links below to find out more about British Virgin Islands offshore corporation. british virgin island offshore company. Favored by tourists and investors alike. bvi offshore registration: All that you need to know to get started. bvi banks, where secrecy is a fundamental cornerstone of banking. bvi banking:Though The Best Developed, It Is One Of The Closest To The United States And So Most Vulnerable To Pressure! incorporate ibc bvi. The most popular country for incorporation offshore! incorporation on line: Incorporate your offshore company in the best vacation destination in the world. bvi formation offshore: Incorporate your offshore company in the best vacation destination in the world. bvi offshore registration: All that you need to know to get started.
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Watch this funny video about the status of the US Virgin Islands as a protectorate. BVI also has a similar situation that keeps it protected from interference from the UK. However, UK has new tax laws in place which should be examined if you are a UK resident.
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