Advantages of BVI Company Formation
Advantages of BVI Company Formation
Registered an overseas companies has become one of the most commonly mode of operation for the global investors to expand their business. Registered overseas companies includes registered BVI (British Virgin Islands) company, Cayman company, Marshall Islands company, Samoa company, Singapore company, UK company, Mauri Qiusi company, Delaware company, Bermuda company, Bahamas company, Anguilla company, Nevada company, Seychelles company and so on.
Advantages of BVI Company
The British Virgin Islands is one of the members of the Commonwealth, which is based on English common law, the commercial company law including part of terms of Delaware statutory and local ordinances. Currently, the British Virgin Islands has become one of the most world’s popular offshore company registered places. The advantages of the establishment of the BVI company mainly as follows:
1. Low tax rates can save on operating costs: limited company suffered very little tax control, BVI company can also exempt from all local taxes and stamp duty.
2. Provide privacy protection: BVI company can provide privacy protection for enterprises, the information of director will be kept confidential to protect the interests of shareholders, be necessary to publish the identity of beneficial owners, can maximize protect property and facilitate transfer funds.
3. Local political, economic and trade environment of BVI are very stable, offshore companies can open bank accounts around the world to facilitate corporate financing listed.
4. Late management is simple: the BVI company need not hold an annual meeting of shareholders or the board of directors, need not report profits and financial position either.
5. The company’s shares can be traded freely.
6.Good financial and legal facilities facilitate to establish a variety of financial institutions or foundations.
In short, BVI Companies formation is simple, confidentiality, simple late management and other conveniences, eliminating the need for investors to worry about.
Conditions and required information of BVI company formation
1. English name of company
BVI company registered name is free. Regardless of the size of the registered capital, the British Virgin Islands government allows a company name containing the word International, Group, Holding, Industrial, Investment, colleges, associations, centers, Institute, etc.; company name must include one of the following items as the end: Limited, Ltd., Corporation, Incorporated, Societe Anonyme, Sociatedad Anonima or the above-mentioned shorthand.
The special name needs to get used under license. Such as the building of mutual aid associations, chambers of commerce, chartered, cooperative, Royal, public transport, municipal, tourism associations, trusts, subway, banking, insurance, fund management, asset management and investment fund, etc.
2. Less restrictive of operating range
Scope of BVI Company’s business is principles without many restrictions. Enterprises can operate business with any natures, such as finance and investment, health care, shipping and transportation, import and export trade, real estate, construction, decoration, information networks, garment and textile, tourism, culture and publishing, etc.
3. Standard registered capital is 50,000 USD
According to the new Companies Act enacted in 2005, the standard registered capital is 5 million shares, can not be more than five million shares, without minimum limits and can be in any currency as share units. Stock offering may be established denominations, as well as different stock categories sale, including bearer shares category.
4. Must be a company secretary
BVI registered company must have a company secretary, who may be a natural person or legal entity of any nationality.
5. At least one shareholder and director of any nationality
The shareholders can be served by legal and natural persons and natural persons, can be one or more up to 18-year-old citizen of any nationality; BVI registered company must first determine the shareholders, directors, and arrange the percentage of shares of each shareholder.
When register BVI company, just need to prepare English and Chinese name of the company, a copy of identity card or passport of shareholders and directors, register a new BVI company taking about 14 days and buy a shelf company taking about 3days.
If you want to know more information about BVI company formation or Offshore Company Incorporation http://www.conpak.com/Offshore-Company-Incorporation.html, please contact with Conpak CPA Limited (http://www.conpak.com/BVI-Company.html) at any time.
Tags:company formation,trademark registration
