Company Incorporation in the British Virgin Islands
How to start a BVI limited company. Incorporation or formation of a company in the British Virgin Islands. |
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The normal type of company, outside the tax net in the Virgin Islands is the IBC (International Business Company)
Features of a BVI International Business Company
| Advantages of the BVI company |  |
- Exemption from all local taxes and taxes on legal documents
- You can transfer its tax residence to another jurisdiction if necessary
- There is no requirement to file accounting information in II.VV.
- The cost is reasonably economical
Why use a Company in the British Virgin Islands?
- To protect the assets of a person subject to taxation or agreement, for example, ending a marriage in another jurisdiction
- As a vehicle to facilitate the ransfer of assets to another company, trust, foundation etc.
The process of establishing in the Virgin Islands
At first, we must check a name for a company in the Virgin Islands. the approval of company name can be obtained within hours.
The Memorandum and Articles of incorporation of the company are given to the Registrar, an a certificate of incorporation is printed and the new company is incorporated.
The general timeline for full incorporation is two days, although the Clerk's office is automated, allowing the addition to be made within twenty-four hours if needed.