BVI
British Virgin Islands is a British overseas territory consisting of 60 small islands. They are scattered in the north-eastern Caribbean to the east of Puerto Rico and are well known for their virgin beauty. The islands are surrounded by white sand beaches and crystal clear water – and for years are known to be the “sailor’s paradise”. The main language is English and the main currency is the US dollar.
Since British Virgin Islands are a part of British overseas territory, the head of the state is the Queen. The Governor acts as Her Majesty’s representative and is responsible for the internal affairs. The British Virgin Islands are one of the oldest and most respected financial centres in the world. Zero taxes it makes the jurisdiction the ideal place to incorporate offshore or to do banking.
Key Corporate Features |
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|---|---|
General |
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| Basis of Legal System | Common |
| Type of Company | BVIBC |
| Tax on Offshore Profits | Nil |
| Redomiciliation Permitted | Yes |
| Time to Form | 5 days |
Corporate Requirements |
|
| Minimum Shareholders | 1 |
| Minimum Directors | 1 |
| Corporate Administration | |
| Corporate Directors Permitted | Yes |
Local Requirements |
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| Registered Office/Agent | Yes |
| Company Secretary | No |
| Director | No |
| Meetings | No |
Public Filings |
|
| Directors | No |
| Shareholders | No |
| Beneficial Owners | No |
Annual Filing Requirements |
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| Annual Return | Yes |
| Audited Accounts | No |