BVI Company. BVI Company Formation.
KGN Services specializes in BVI company registration and opening bank accounts.
The British Virgin Islands, or BVI for short, is a group of fifty islands in the Caribbean forming a British Overseas Territory. The main islands within this group are called Tortola, Virgin Gorda, Anegada and Jost Van Dyke. They have been autonomous from Britain since 1967. While the official name is the Virgin Islands, they are usually called the British Virgin Islands to separate them from the nearby American Virgin Islands.
BVI (British Virgin Islands) – General Information
Location: Caribbean, between the Caribbean Sea and the North Atlantic Ocean, east of Puerto Rico.
Area: total: 151 sq km, land: 151 sq km, water: 0 sq km, comprised of 16 inhabited and more than 20 uninhabited islands; includes the islands of Tortola, Anegada, Virgin Gorda, Jost van Dyke. …
Capital: Road Town 15,000 (2018).
Time Zone: UTC−4.
Languages: English (official).
Government type: Parliamentary democracy (House of Assembly); self-governing overseas territory of the UK.
Currency: US dollar.
Advantages of BVI Company Registration
Forming a company in the British Virgin Islands means setting up a so-called BVI Business Company or BVI BC. These are the most popular form of offshore companies in the world. They are available to residents of any country in the world and can be formed as a continuation of another company in another part of the world. There are many benefits to a BVI BC:
BVI Company Formation – Legislation
Principal Corporate Legislation
The BVI Business Companies Act, 2004 (“the Act”) as amended.
Type of Law
Language of Legislation and Corporate Documents
Type of Entity for International Trade, Investment & Tax Planning
BVI BC (Business Company).
There is no concept of authorised share capital in the Act. Standard authorised share capital is US$50,000. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares, shares of no par value, bearer shares, preference shares, redeemable shares and shares with or without voting rights. Bearer shares will be subject to anti-money laundering and due diligence obligations and a company which is authorised to issue bearer shares pays higher incorporation and annual fees.
Restrictions on Trading
A BVI Offshore Company cannot trade within the British Virgin Islands or own real estate there. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Agent Required
Each BVI Company must have a Licenced Registered Agent.
Registered Office Required
Each BVI Company must have a Registered Office, provided by a Licenced Registered Agent.
A BVI Company requires a minimum of one director. Director can be of any nationality and need not be resident in the British Virgin Islands. Corporate directors are permitted.
A BVI Company requires a minimum of one shareholder.
Publicly Accessible Records
Nominee Shareholders and Nominee Directors
Location of Meetings of Directors and Shareholders
Personal Presence Required
Double Taxation Treaty Access
Requirements to File Accounts
Requirement to File Annual Return
Time to Incorporate
BVI Company Formation – Name of a Company
Language of Name
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust”, “Trustee” etc. will require justification.
Name of a Company
The words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., S.A. must be part of the name.
BVI Company Registration Prices
BVI Company Registration Package Includes:
Starting at: $1690
+ $450 Government Fees
Why Choose KGN Services?
Services related BVI Company Registraion
KGN Services provides the following services related BVI Company Registration:
KGN Services | BVI Company Formation | BVI IBC | BVI Company
Tags: BVI company formation | BVI company registration | BVI IBC
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Requirement to File Annual Return