BVI Company Formation

British Virgin Islands is currently one of the richest places in the world. This is mainly possible due to the excellently robust offshore environment in the place. The island in the Atlantic has an extremely small population, but the tax free jurisdiction and the great amount of wealth which is stored in the bank accounts of trusts and corporations opens up chances for international business excellently. If you are a businessman and looking to expand business overseas, investing in the British Virgin Islands is an excellent option and of course, don’t forget to opt for our BVI Offshore Company Formation service.

Our BVI Offshore Company Formation service is designed to help investors who want to expand their business on British Virgin Islands.

It is interesting to note that in British Virgin Islands, company formation is a large business. It contributes to almost 51.8% of the annual revenue of the government, which is obtained from the license fees which are paid by the offshore companies. Many companies from Latin America and Asia have opened business in the BVI and running successfully.

BVI company formation advantages

There are many benefits of company formation in the British Virgin Islands. Some of them are:

• No corporate or income taxes – There is no need to pay income or corporate tax by BVI corporations to the government of British Virgin Islands. However, citizens of the USA and those from other countries where there is tax on worldwide income need to report all the income that is made to their respective tax authorities.
• Great jurisdiction – One of the most popular offshore legal entity is the British Virgin Islands Business Company (BVI BC). More than 40% of global offshore corporations have registrations with BVI.
• Single shareholder – Only one shareholder is enough for BVI corporations.
• Great privacy – There is no need for BVI corporations to share data and information about directors, shareholders, owners and officers. There are no public records of these people as the names are not filed with BVI register.
• Clean reputation – British Virgin Islands has never been blacklisted by reputed organizations when it comes to forming offshore corporations in the country. BVI has been considered clean by all leading international finance watchdog companies.

The process of BVI Offshore Company Formation is also quite simple. However, you will need some kind of assistance for business expansion in BVI. BRIS group helps in taking care of all the legal and other formalities related to the company formation process in BVI. The process of business expansion in BVI is simplified with our expertise. Call us for assistance right away.

BVI ECONOMIC SUBSTANCE LAW

The British Virgin Islands (“the BVI”), together with other major offshore jurisdictions, introduced economic substance laws.

These Rules are issued under the authority of the International Tax Authority pursuant to section 17 of the Economic Substance (Companies and Limited Partnerships) Act, 2018 (“ESA”).

Learn more about BVI ES Guide

• Exemption from all local taxes and stamp duty
• Maximum confidentiality and anonymity
• Ease of operation, maintenance and control
• Asset security
• No disclosure or minimum capital requirements
• A BVI Company requires a minimum of one shareholder
• A BVI Company requires a minimum of one director
• Excellent and flexible post-incorporation follow-up services
• No statutory requirement to hold annual general meetings
• Highly competitive fees and costs