Why To Set-Up Your Business In BVI Land


Offshore Company Definition and How It Works
The extended term of the BVI Company is the British Virgin Islands. Now what is it for?
The BVI is the most famous place which is perfect for the set-up of the offshore business and suitable for offshore investment. Related to this statement, offshore companies are those which are registered at places where either no tax is applicable or low tax is being charged.

Know about the act

The first opportunities were started in the year 1984 when the BVI adopted the international Business act. More flexibility was adopted in the year 2004 and later on the current act has been amended in the year 2007. So what are the opportunities given to the business companies?

Ø  Flexibility of applying the business act
Ø  The investment is being done hassle free
Ø  Opportunities to all kind of legal flexibilities
Ø  Easy administration regulations
Ø  For BVI offshore incorporation, corporate tax is 0% which is most profitable way of doing business.
\What Is the Difference Between Onshore & Offshore Company | Tiempo Dev

How to set-up a company in BVI

Here are some essential features which are being described for the BVI offshore company setup:
Ø  Foreign investment companies are offered the BC type of company which is being legally offered by the land.
Ø  Since the corporate tax is 0%, hence it is nothing much critical or hard to follow. The law system of the BC is practically easy to follow.
Ø  No chances of double taxation in the land or with the business.
Ø  Minimum share  capital is US $1 and the number of shares is minimum 50,000
Ø  Minimum directories need to set-up is at least 1. Not compulsory to appoint local director
Ø  Company secretary is not compulsory and can be hired from anywhere
Ø  No compulsory requirement for audits, file accounts or any other documentation
Ø  Lastly, a fee has to be paid to the BVI to setup the companies at the land.

Location: British Virgin Islands

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