It is the leading offshore jurisdiction with overoffshore companies incorporated since Please provide us your email address in the package details and we will email you the necessary incorporation forms. 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.
It replaced the extremely popular and highly successful International Business Companies Act. It came into force on 1 January The decision to replace the International Business Companies Act was driven by two things.
The British Virgin Islands consist of 60 islands and cays having a total land area of sq. They lie to the north west of the United States Virgin Islands and are separated from them by a channel only five kilometers wide. The neighbor with the largest land area is Puerto Rico, 96 km to the west.
For further information, please visit the government website. The legal system is based on English common law, supplemented by local ordinances. There are no taxes levied on business companies with the exception of the annual government licence fee, which is USD for companies with a maximum authorised share capital of 50, shares.
The British Virgin Islands has a strong offshore regulatory environment. They have a distinct combination of oversight and a laissez-faire approach which makes it both easy to do business — yet reputable with banks and other jurisdictions around the world. The British Virgin Islands has reputable compliance and regulatory body, which makes it very simple and easy to bank with a BVI company.
Call Now 24 Hrs. With a wide variety of business uses and great benefits, a BVI offshore company can be a smart business move for your company. This article will explore what a BVI company is, the benefits it provides, and the uses it has.
Keep informed about important changes in Singapore to help you manage your business effectively as well as our upcoming events. Situated approximately 80 kilometres from the coast of Puerto Rico, the British Virgin Islands BVI today is a well-known jurisdiction for corporate trusts and offshore company set-ups. There are currently more thanforeign businesses incorporated in the BVI.
The December enactment of the Financial Services Commission Act, established the British Virgin Islands Financial Services Commission as an autonomous regulatory authority responsible for the regulation, supervision and inspection of all financial services in and from within the BVI. The Commission maintains this public list of regulated entities for the benefit of market participants and the public. Search our library for financial services legislation, and guidance, the latest forms and industry and public alerts.
Tax advantages, however, are by no means the only benefit to registering an international business enterprise in a jurisdiction like British Virgin Islands. A typical modern offshore company is a private corporation which is exempt from tax, suitable for virtually any international business activity, has a flexible organizational structure, is not subject to excessive accounting and reporting requirements and maintains certain level of confidentiality with rather limited information available to general public. The BVI offers all of these benefits — and more.