The British Virgin Islands (BVI) is a group of islands in the Caribbean Sea located approximately 80 kilometers east of Puerto Rico. The BVI is a British Dependent Territory which became self-governing in 1967 and is a member of the British Commonwealth. Since introducing its International Business Company (IBC) legislation in 1984, the BVI offshore financial services sector has expanded rapidly. In 2004, the IBC Act was replaced by the Business Companies (BC) Act and further enhanced the jurisdiction's popularity.
- Official Language: English
- Legal System: English Common Law
- Currency: USD
- Time Zone: UTC -4
Why BVI Offshore Company ?
- No taxes levied on Business Companies.
- No exchange controls or restrictions on the flow of currency.
- Privacy of Beneficiaries identity.
BVI Offshore Company Features
| General | |
| Type of Company | BC |
| Type of Law | Common |
| Shelf Company Availability | Yes |
| Corporate Taxation | Nil |
| Double Taxation Treaty Access | No |
| Share Capital | |
| Standard Currency | US$ |
| Minimum Paid Up | US$1 |
| Standard Number of Shares Issued | 50,000 |
| Directors | |
| Minimum Number | One |
| Local Required | No |
| Corporate Directors | Permitted |
| Shareholders | |
| Minimum Number | One |
| Company Secretary | |
| Required | Optional |
| Accounts | |
| Requirements to Prepare | Yes |
| Audit Requirements | No |
| File Accounts | No |
| Others | |
| File Annual Return | No |
| Publicly Accessible Records | No |
