Benefit from territorial tax system that eliminates taxation on foreign sourced income. Enjoy the flexibility and easy incorporation of one of the world’s most versatile jurisdictions.
Set up your business in British Virgin English
The British Virgin Islands (BVI) have established themselves as a prominent tax heaven, leveraging their strategic location and legal framework to attract international businesses and investors. Known for its favorable tax policies, including no capital gains, inheritance taxes, or sales tax, BVI offers financial confidentiality and minimal regulatory interference, making it an alluring destination for offshore company formations and financial services.
The state, an overseas territory of the United Kingdom, is situated east of Puerto Rico and comprises more than 50 islands, islets, and cays. It has managed to maintain strong political ties and global relations while providing a stable and appealing environment for foreign direct investment. Despite its attractiveness, the BVI has faced challenges and controversies around subjects like transparency, alleged corruption, and the role it plays in global tax evasion.
Key Takeaways
- BVI’s legal structure and tax policies make it a favored destination for offshore finance.
- The territory’s economy benefits significantly from foreign direct investment and the financial sector.
- Ongoing global scrutiny regarding tax evasion challenges the BVI’s future outlook on transparency.
Incorporatio Document Requirements
An individual or company who wishes to form a registered company in the BVI must do so through a registered and licenced agent.
There are minimal requirements to formally initiate the BVI company formation process:
- A notarized photocopy of a passport
- Notarized addresses details
- Proposed name of company
- Amount of share capital (if different than the standard share capital of US $50,000
Incorporation Package Includes:
- Government Registration Fee (First year)
- Registered Office Address (First year)
- Registered Agent Services (First year)
- Company Secretarial Maintenance
- Certificate of Incorporation
- Memo & Articles of Association
- Appointment of 1st Directors
- Consent Actions of the BOD
- Share Certificates
- Register of Directors
- Register of Officers
- Register of Shareholders
- FREE Phone and/or email consultations
Corporate Features
porate Features
| Belize IBC | Corporate Details |
| General | |
| Type of Entity | Limited by Shares |
| Type of Law | English Common Law |
| Governed by | International Business Companies Act of 1990 |
| Registered Office in Belize | Yes |
| Shelf company availability | Yes |
| Our time to establish a new company | One business day |
| Minimum government fees (excluding taxation) | USD $100 |
| Corporate Taxation | No |
| Access to Double Taxation Treaties | Yes |
| Share capital or equivalent | |
| Standard currency | US Dollar Belize dollar (Official currency); fixed to USD $1 = $2 Belize |
| Permitted currencies | Any |
| Minimum paid up | No minimum |
| Usual authorized | Any amount (USD $50,000 optimal) |
| Bearer shares allowed | Yes |
| No par value shares allowed | Yes |
| Directors | |
| Minimum number | One |
| Local required | No |
| Publicly accessible records | No |
| Location of meetings | Anywhere |
| Corporate directorship allowed | Yes |
| Shareholders | |
| Minimum number | One |
| Publicly accessible records | No |
| Corporate shareholder allowed | Yes |
| Location of meetings | Anywhere |
| Company Secretary | |
| Required | No |
| Local or qualified | No |
| Accounts | |
| Requirements to prepare | Yes |
| Audit requirements | No |
| Requirements to file accounts | Yes |
| Publicly accessible accounts | No |
| Recurring Government Costs | |
| Minimum Annual Tax | USD $100 |
| Annual Return Filing Fee | USD $100-$1000 depending on the amount of authorized capital (*See Corporate Details section below for details) |
| Other | |
| Requirement to file annual return | No |
| Migration of domicile permitted | Yes |
BVI Company Incorporation Process
To register a company in the BVI, you must select an approved name, submit the required documents including articles of incorporation, and pay the applicable fees. This process can typically be completed within 1-2 days upon validation of your identification documents.
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.
Upon receipt of the above from you, we will
- Check your proposed company’s name availability
- Follow-up with you to clarify queries (if any) and advise accordingly
- Send you an invoice for our services.
STEP 2 – MAKE PAYMENT FOR OFFSHORE COMPANY
Upon receiving the payment for our services, we will prepare the incorporation documents to be duly signed either in Singapore before us or overseas before Notary Public.
STEP 3 – INCORPORATE BRITISH VIRGIN ISLANDS COMPANY
Upon the signing of the incorporation documents, we will proceed to register the BVI Offshore Incorporation. Once the company has been incorporated, you may proceed to open a corporate bank account.
Additional services we provide
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How to Register?
From company order, name check and reservation, documentary requirements guidelines, feedback and timing. Step by step guide how a new offshore company registration normally happens in BVI.
Offshore In One specializes in custom offshore strategies to diversify your wealth and protect your assets so you can live on your terms.
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