BVI Company Registration | Why Is It Popular

BVI company registration: The advantages and points to remember about British Virgin Islands

What is the reason for this high number of BVI company registrations?

A BVI company registration is cheaper than company registration in other countries like Liechtenstein, Luxembourg, Hong Kong or Singapore; and this is only one of the many reasons the British Virgin Islands are extremely popular.

More than 6,500 companies are incorporated in this jurisdiction every month!

Please invest 2 minutes of your time to watch the BVI company registration video below. It spells out how you can benefit. Or if you prefer to read, then feel free to skip the video and go straight to the text below:

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BVI company registration: Advantages

The British Virgin Islands is one of the best places for a refreshing vacation.

These islands are the vacation paradise of the Caribbean with beautiful, white sandy beaches; a breathtakingly beautiful sea- perfect for your dream yacht; shops for buying souvenirs and fine restaurants.

Establishing a British Virgin Islands offshore company, then trading and operating there, is just as enjoyable and peaceful as spending a vacation there.

BVI company registration is being used by thousands of businessmen to profit from the concessions granted to them by the BVI offshore tax laws, regulations and restrictions.

This jurisdiction and its governance offer an investment-friendly environment by yielding high returns but decreasing costs- the perfect climate for your business activities.

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BVI company registration: Important points to remember

• The appointment of only one director or shareholder is required for the company formation

• Shareholders and directors may be the same person

• The shareholders and directors can be a natural person or a corporate body

• There is no requirement of appointing local shareholders and directors for British

• The responsible shareholder or director need not be resident in the BVI to fill these roles

• There is no requirement of resident secretary. The secretary can have a permanent address in another location and be physically located elsewhere

• There is no requirement for any financial statement of accounts or records to be maintained for a BVI company. This means that there is no required annual filing of records to any authority

• There is no accountability to any authorized registry. All your financial affairs are strictly private by association

• If it is found to be desirable or necessary by the directors or shareholders these records may be held anywhere in the world. The records can be kept in any international location

• There is no requirement for meetings of shareholders and or directors

• If meetings of shareholders and/or directors are required, these meetings can be held by telephone or any other electronic means of communication provided all participants are clearly audible

• Meetings, if deemed necessary to the interests of the company, can be held anywhere in the world. Meetings are not limited to the BVI

A BVI offshore company is usually formed to benefit from the relaxed tax terms available in the islands.

A modified Act was introduced in 2006 to maintain the offshore benefits while still adhering to the regulated US legal requirements.

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