Incorporate a BVI Offshore Company?
By utilizing a BVI Offshore Company, it may be possible to secure a number of
advantages. A few of these advantages are listed below.
- British Virgin Islands
(BVI) Companies have
- The annual government renewal fee for an offshore company is fixed.
- Privacy. Non-Disclosure of Directors,
Shareholders, and Beneficial Owners details to the public.
- No restrictions concerning ownership
of shares in the BVI offshore company.
- Bank accounts may be opened anywhere
in the world for the offshore company.
- No exchange controls in the BVI.
- Freedom of capital movement for the BVI Offshore
- No requirements for the offshore company to file Annual
Financial Statements with the BVI Government.
- The accounting books for the BVI offshore company could be kept in any part of the world.
- No residence requirements for
the Directors / Officers / Shareholders of BVI offshore companies.
is no requirement for the BVI offshore company to hold annual meetings of directors or shareholders.
- The resolutions of
the BVI offshore company may be passed by telephone meeting, other electronic means or
by circulating written resolutions (including fax copies) for signing.
- The Shares of the BVI offshore company may be issued to a person or
- Shares of the BVI offshore company can be easily transferred to
another person or corporation if required.
- Additional directors can be easily
appointed to the BVI offshore company.
- A minimum of one shareholder
is required for the BVI offshore company. No details of the shareholders appear on the public file but
a register of shareholders must be kept at the registered office address
of the company in the BVI.
- A minimum of one director is required for the
BVI offshore company and corporate directors are permitted. Details of the directors do not
appear on the public file. A register of directors must be kept at the
registered office address of the company in the BVI and filed with the BVI
- The same person can act as director
and shareholder of the BVI offshore company.
- There are no complicated or burdensome corporate requirements. You can
allow your offshore company to be Struck-Off by the BVI Registrar of
Corporate Affairs if you no longer have any use for the company - at no
additional cost to you.
- Amendments can be made to the BVI incorporation documents upon the needs of
the corporation, Before or After the incorporation of the BVI offshore company.
- Offshore corporations may be used to own and operate businesses, act as
a holding company, buy real estate, issue shares, bonds or otherwise raise
capital, guarantee obligations, hire employees, buy goods and services,
sell goods and services, make contracts, rent office space, maintain
checking and saving accounts, and maintain retirement plans for employees.
Persons wishing to utilize an offshore company need to ensure that they
comply with applicable onshore laws (according to their nationality,
residence, etc) and should obtain professional tax advice if necessary.
NetIncorp.com does Not offer tax advice.
WHO CAN MAKE USE OF OFFSHORE COMPANIES?
1) A BVI Offshore Company can be used by any individual selling his/her services
outside the jurisdiction of his domicile or residence.
2) All kinds of consultants and professional people, performing artists,
airline pilots, designers, investment managers and brokers, private
developers can use a BVI Offshore Company.
3) Owners of patents, trademarks, legal rights, copyrights and
intellectual property can also use a BVI Offshore Company.
4) BVI Offshore Companies can be used by owners of real estate, ships, yachts, airplanes, specialized machinery.
If you do business outside your own country or economic area, there is a
good chance you may find advantages from using a BVI Offshore Company.