Corporate Requirements for the Company Formation at BVI

Many offshore company set-ups have different kind of documents and corporate requirements. These makes the task more tough and also lesser flexible too. and this is where the BVI company set-up has been made flexible and easier too. 

with the various amendments of the Business Company Act, these procedures have been reconsidered and amended. The most important thing is the flexible corporate structure which has made the BVI company formation the simpler one.

Here are few of the features:

Ø  No requirement of auditing.

Ø  Financial account filling is not essential and is not compulsory to be kept at BVI.

Ø  Director of the company should not have to be BVI residents.

Ø  Annual general meeting can be organized as convenient. No regular meet-up is necessary.

Ø  It is not essential to disclose information about the directors, shareholders, loan and other agreement of the company.

Thus, they are simple and easy which would save a lot of time and effort in BVI incorporation. 

The corporate structure of the company can be much like this:

Ø  Company can have only one owner, one shareholder and one director. And these three persons can be a single individual too.

Ø  The BVI shareholders or the directors can have any nationality around the world.

Ø  Boards of Director meetings can be held at any place outside BVI too. Not essential that you have to organize at the same location.

Ø  You need only a registered agent and a registered address at the BVI for the incorporation.

Ø  Lots of choices for company designation at the place are available like the “Limited”, “Corporation”, “Incorporated”, “Inc.”, “S.A”, “A.S” and many more. 

For the BVI agent, you can search over online platform and find a suitable one who can help you to establish the company at the location.

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