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 shareholders, directors and officers of a BVI Business Company may be individuals or corporations and of any nationality.

e.    The BVI incorporation documents do not carry the name or identity of any shareholder of the director. The names or identities of these persons do not appear in any public record.

Shares And Capital Requirements

a.    Shares can be issued with or without par value.

b.    Shares may be issued in any recognizable currency or in more than one recognizable currency.

c.   Shares may be paid up in cash or through the transfer of other assets or for other considerations.

d.    The standard share capital is USD $50,000 or an equivalent in another recognizable currency.

e.    The minimum paid in and issued capital may be one share which is fully paid.

Conclusion

Also, the BVI business company is exempted from all kinds of taxes.

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