Quality Without Compromise

Companies

BVI companies are widely used for holding property assets, for trading and consulting activities and to act as investment holding companies.

BVI is the world's largest corporate domicile and is one of the premier jurisdiction for forming companies and trusts. The BVI IBC had been the most commonly used until replaced on 1st January 2005 by a new Act called the BVI business companies act. This new legislation includes a number of important provisions that make the BC an extremely flexible corporate entity.

Key features of a BVI BC

• Simple formation procedures.
• Exempt from all BVI taxes and stamp duty.
• No public record of directors and shareholders maintained at BVI registry.
• The ability to hold board and shareholder meetings internationally, including by telephone.
• Freedom of the directors to protect the assets of the company by transferring assets, merge or consolidate with foreign entities.
• Ability to issue registered and bearer shares and holders of either can convert such shares into the other type. Note bearer shares are requiredto be held by an approved or authorised custodian.
• A minum of one shareholder and one director, with no BVI residency requirements.

BVI BC statutory fees

The Government incorporation fee for a BVI BC with or without par value is as follows:

• Authorised to issue up to 50,000 shares - US$450.00
• Authorised to issue in excess of 50,000 shares - US$1,200.00
• Has the power to issue bearer shares - US$1,200.00

The Government annual company licence fee

• Where the authorised number of shares is up to 50,000 - US$350.00
• Where the authorised number of shares is greater than 50,000 - US$1.100.00
• That has the power to issue bearer shares - US$1,100.00

The BVI has signed a number of Tax Exchange Information Agreements with various countries thereby placing BVI on the OECD white list of compliant jurisdictions.