British Virgin Islands International Offshore Company Formation
Many corporation services provide BVI or British Virgin Islands company formation services to their clients. Let us look at how the company is formed, what rules are followed, and the basic structure of a BVI offshore company setup . STRUCTURE The structure of British Virgin Islands company formation is as follows: a. Requires a minimum of only one shareholder, and one director all of which can be the same person. b. There is no requirement of appointing local shareholder(s) and director(s) for British Virgin Island Companies. c. If a foreign Government or authority seizes Company shares or any other interest in the Company in connection with nationalization, expropriation, confiscatory tax, other governmental charge or with a similar cause the Company or a shareholder may apply to the BVI court for an order that the Company disregard the seizure and continue to treat the person from whom the shares were seized as continuing to hold the shares. d. The share