Few Things to Know about BVI Company Incorporation

Being the favourite destination of financial services due to friendly tax system and flourishing tourism, BVI is one of the most prosperous economies in the Caribbean region.



 

As per the 2010 census data, the average monthly income of a worker in the territory was US$2,452. Now, this is huge.

BVI can be your next business destination for more than one reason. Firstly, a vibrant economy is coupled with a friendly tax system. 

The trend, i.e. the preference for BVI as a friendly business destination can be testified to by the fact that 51.8% of the total government revenues collected from the license fees of various offshore companies.

So, if you have got to make the best out of the friendly business environment of BVI, then it is time for you to go for BVI Company Incorporation. However, for company formation or incorporation, you must hire the best of the professional corporate services to ensure compliances at all levels.

About Incorporation

Ensuring the legal and statutory compliance is the main purpose of hiring professionals. However, the services related to incorporation include-

  • The registered agent must be given due diligence
  • The essential company documents like share registers, director registers and officer registers and etc. need to be maintained
  •  Share purchase
  • Preparing resolutions and other corporate documentation following corporate law and statutory regulations
  • Preparing documents
  • Incorporation of BVI Companies and Limited Partnerships with preferably BVI companies
  • In case of a limited partnership a BVI company is attached to limit the liability
  • Compliance at all levels are maintained
  • Books and other important records related to company must be kept properly
  • Attending to the necessary filing with the Registry of Corporate Affairs regarding 
    1. Name Changes, Amendments to Memorandum and Articles of Association, 
    2. Changes in shareholders, directors or officers, 
    3. variations in authorised capital, 
    4. Drafting Charges or their release and their registration, 
    5. routine company secretarial procedures, 
    6. Special structured Articles and Memorandum

Final Words

So, go for a BVI Company Incorporation and hire the professional corporate services.

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