SET UP A BVI COMPANY
- No tax for offshore companies
- No filing of audits
- Prime location
- Good relationship with the US
- Leading offshore jurisdiction in the Caribbean
WHY CHOOSE BVI FOR YOUR OFFSHORE COMPANY
TAX-FREE
A BVI offshore company does not pay tax to authorities. Only an annual licence fee is required, depending on the number of issued shares.
STRONG ECONOMY
The British Virgin Islands has a flourishing economy, especially in tourism and hospitality with weekly cruise ships arriving at the island.
EASY COMMUNICATION
With English as the official spoken language and English common law prevailing, most business owners will be able to communicate with ease.
FLEXIBILITY
Little is required in terms of financial statements, and the filing of audits is not compulsory as long as a company keeps reliable accounting records.
TEN COMPELLING BENEFITS OF BVI COMPANY FORMATION
- The British Virgin Islands has a stable economy and a governing system that is fully functional.
- Due to leniency and tax-free obligations in this territory, it’s a haven for BVI company incorporation.
- With BVI company registration, you can enjoy corporate flexibility and streamlined processing.
- A BVI company setup will exempt you from tax. Offshore companies need only pay an annual licence fee according to their number of issued shares.
- BVI companies may register under several different categories or business structures, allowing variety and flexibility.
- There are simple setup requirements with a BVI company formation. Requirements are the same for all business structures and registration is straightforward.
- To register a BVI company, the basic requirement is one director and one shareholder. No company secretary is needed.
- Enjoy confidentiality when it comes to business details.
- BVI company setup costs are limited to the registration fee of US $450, which is renewable every 12 months.
- Annual reports, account audits and annual meetings are not required.
TEN COMPELLING BENEFITS OF BVI COMPANY FORMATION
- The British Virgin Islands has a stable economy and a governing system that is fully functional.
- Due to leniency and tax-free obligations in this territory, it’s a haven for BVI company incorporation.
- With BVI company registration, you can enjoy corporate flexibility and streamlined processing.
- A BVI company setup will exempt you from tax. Offshore companies need only pay an annual licence fee according to their number of issued shares.
- BVI companies may register under several different categories or business structures, allowing variety and flexibility.
- There are simple setup requirements with a BVI company formation. Requirements are the same for all business structures and registration is straightforward.
- To register a BVI company, the basic requirement is one director and one shareholder. No company secretary is needed.
- Enjoy confidentiality when it comes to business details.
- BVI company setup costs are limited to the registration fee of US $450, which is renewable every 12 months.
- Annual reports, account audits and annual meetings are not required.
SET UP YOUR BVI OFFSHORE COMPANY IN A FEW STEPS
1) DECIDE ON A NAME
Finalize your company name and send it to MCS by email or WhatsApp. Have at least two alternatives in case the name is taken.
2) SUBMIT DOCUMENTS
Ask us for a BVI company registration checklist and submit all the necessary documentation and business information by email or WhatsApp.
3) PAY SETUP FEES
Once we’ve informed you of your total BVI company setup cost, make a payment and send us the proof of payment. Wire transfer is also accepted.
4) OPEN A BANK ACCOUNT
Open an offshore bank account with one of the three banks in BVI. You will also need a registered agent to keep your accounting records.
UNDERSTANDING THE APPEAL OF THE BRITISH VIRGIN ISLANDS FOR OFFSHORE BUSINESS
The British Virgin Islands invited offshore company incorporation in 1984. Since then, it has become a flourishing business hub for businesses from all over the world. Being situated in a prime location in the Caribbean, it promises plenty of opportunity for business owners who want to travel to this region occasionally. It also has a good relationship with the US, making travel and communication between the two jurisdictions seamless.
This island archipelago has much to offer any business owner who seeks a streamlined setup and incorporation process with few formalities. Non-residents from any international country are welcome to register a BVI offshore company with just a few minimum requirements.
Probably the highlight for most is that the British Virgin Islands is a tax haven for offshore companies and provides confidentiality. This allows you as a business owner to enjoy exemptions from all types of tax, including sales tax, income tax, royalties and interests, and have peace of mind in terms of asset protection.
BVI does not require annual reports or account audits from offshore companies, so you can look forward to a simple company formation and incorporation process. All you need is a simple business structure of one director and one shareholder, a business licence and a registered agent for reliable accounting records. With so many perks and leniency for offshore companies, it’s no wonder so many are opting to register a BVI company.
