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Our professional company offers Business Companies (BC) incorporated in the British Virgin Islands (BVI) under the British Virgin Islands Business Companies Act 2004 (the BVI BC Act).
Advantages of BVI
BVI is the most popular offshore jurisdiction due to the following reasons:
BVI companies and all amounts paid by them to non-residents are exempt from all local taxes and stamp duty. Upon the sale or transfer of shares of a BVI BC to a third person, capital gains tax is not payable under the BVI law.
BVI companies are not required to file tax returns or any other type of report or declaration to the BVI government regarding foreign-source income.
Privacy and Disclosure
Information about beneficial owners, shareholders, directors and officers is not filed with the BVI government, and not available to the public.
The official currency is the United States Dollar.
Transfer of Funds
There are no currency exchange and transfer of funds controls in BVI, no approval need be obtained for the transfer of dividends, interest, royalties other profits or for repatriation of capital. Companies are permitted to repatriate all profits, dividends and management charges.
The British Virgin Islands is a self-governing, politically stable British Crown Colony with a self-legislative assembly and has become an important centre for offshore business activities.
The legal system is based on the English Common Law.
The British Virgin Islands are a group of about 50 islands situated in the Eastern Caribbean 60 miles east of Puerto Rico and 180 miles north of Antigua. Road Town on the main island of Tortola is the capital. Local time: GMT - 5:00.
English is the official language of BVI.