How to Setup Offshore Company in the British Virgin Islands
British Virgin Islands (BVI), a British Territory, is located on many islands of the volcanic archipelago in The Caribbean. The Virgin Islands is an offshore administration that provides the same conditions for both local and international companies. This administration is preferred by thousands of businessmen due to its favorable taxation, simplified reporting, and high confidentiality of personal data. The BVI is a highly regarded jurisdiction that strives to preserve its credibility. It is a good idea to establish international business companies (IBCs) in the BVI. The Virgin Islands have several features that allow offshore companies to be registered: Anything that is not in accordance with the laws of British Virgin Islands is allowed. Minimum number of directors and shareholders – one each (individuals and legal entities). Directors and shareholders do not need to be residents. There are no requirements for mandatory payment of the authorized capital. The company name must