The Key Features Of A Company In British Virgin Islands

 Wanted to start a company at British Virgin Island? Are you aware of the key features of these companies? Do you know what you need to have and what you can’t do?

Well, if you are thinking of opening one soon, then you must have taken the information. But lest you have missed any of the important ones, so, we have summarized the key one for you.

Know these rules and have a look once more

Check out these points which are important for the British Virgin Islands company formation.

1. The share capital amount should be US 50,000 dollars. Now you have to divide these into 50,000 shared which is worth of 1dollar each.

2. These shares issuance can be with or without par value.

3. Issuance of at least one share is very important.

4. Any bearer shares which is authorized by the BVI financial services commission can be permitted. Otherwise not accepted as valid.

5. Individual or corporate director is allowed for the company and at least one director should be there.

6. One shareholder is a must for the BVI companies.

7. The shareholders or the directors should not have to be the residence of the BVI

8. No need for annual meetings of the shareholders and the directors.

9. Companies not carrying on business with the BVI are exempted from taxes.

10. Corporate seal adoption is mandatory for all such companies.

So, there are lots of rules which you need to follow while forming a company. Also, there are lots of advantages to having a company in BVI countries. You can earn a lot from these companies and get successful too.

Finally,

For the BVI company formation, you can get assistance from a professional who will help you in getting all these regulations fulfilled. Check out with them for more information about allowance and rules.

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