Advantages of BVI Offshore Incorporation

The British Virgin Islands is an overseas territory situated in the Caribbean including more than 40 islands and self-government. Its one of the oldest offshore areas. Many of the offshore companies are incorporated under the BVI making it one of the world’s leading offshore financial centres. This was formed under the International Business company’s act 1984.

Why Set Up An Offshore Company?

An offshore company is a company which is situated in a different country away from the country of residence of the shareholders. It’s a company who can enjoy the benefits of relaxed rules and regulations with avoidance of tax.

Benefits of BVI Offshore Incorporation: 6 benefits of BVI offshore incorporation

1. Corporate Organisation And Flexibility-:

Authentication of the corporate activity can be taken without permission of the collaborators. It provides the benefits of tax- free environment with common law legal systems. There are no restrictions regarding the corporate benefits or any financial assistance.

2. Minimum Capital Investment

The BVI companies are not bound by any “thin capitalisation” rules. It has effortless process of distribution of assets or retrieval of it from the shareholders.

3. Minimal Tax

BVI has to pay no income tax, corporation tax, wealth tax etc.

4. Inexpensive

The BVI companies are of low cost in comparison to other companies.

5. Hassle-Free Company Maintenance

The companies and their representatives are commercially very progressive and convenient. For example-

a) a single shareholder and a director will suffice.

b) There are no such requirements of a company secretary or directors.

c) There are no requirements for audited financial statements or annual filings etc.

6. Confidentiality

The registers of directors are available through the BVI registry and not publicly. The registers of the stakeholders cannot be even accessed publicly but proper security measures are taken to prevent international crime or money-laundering.

Tip

Be wise enough to choose a reliable BVI company incorporation service provider.

Location: Road Town, British Virgin Islands

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