BVI company registration

    The British Virgin Islands(BVI),It's also called British Virgin Islands-- B.V.I , Located between the Atlantic and the Caribbean, covering an area of 153 square kilometers.Located at the northern end of the Leeward Islands,It is 100 km from Puerto Rico's east coast and adjoining the US Virgin Islands.

    BVI is one of the financial centres in the Caribbean,The economy is mainly dependent on tourism and financial services.In recent years, the construction industry has been developing rapidly due to the renovation and expansion of tourism industry.The International Business Companies Act passed by the island government in 1984, allows foreign enterprises to establish "offshore companies" locally and provides extremely preferential policies.Companies established in the local area are exempt from all local taxes, Except for the renewal of the renewal fee of business license.A registered company only needs one shareholder and director, and there is no need for local residents in the company's personnel;There is no need to declare administrator material, nor do accounts and annual reports need to be made public.Various convenience factors make BVI an ideal “tax haven”, with 1.7 million companies registered here.

BVI International Business Companies advantage analysis:

A. As one of the most popular offshore company registrations, the British Virgin Islands has the following advantages:
(1)The island is a very stable place in the political, economic and trade environment.
(2) Have good financial and legal facilities to convenient the establishment and development of various financial institutions or foundations.
(3) The government protects shareholders' interests and does not need to publish the identity of the beneficiary.
(4) The local government encourages economic development and attracts foreign investment. A person can own a limited company entirely.
(5)The government provides privacy protection for all enterprises, and the directors' information is strictly confidential.
(6)Low tax rates, BVI International Business Companies are subject to very few tax controls.
(7) The  auditors' report is not required, just keep the  material to reflect the economic situation.
(8)The profits from operating outside the region are notsubject to profit tax , and the purpose of reasonable tax avoidance can be achieved in the form of triangular trade.
(9) Businesses on the island can open bank accounts all over the world.

B.In terms of corporate governance, the British Virgin Islands also includes the following characteristics:
- No need to submit annual reports or financial statements.
- No need to hold an annual director or shareholder meeting.
- The resolutions of directors and shareholders can be signed by telephone conference or Document delivery (including fax copies), and the meeting does not need to be held in BVI.
- The company does not need to appoint the local residents of the British Virgin Islands as directors.
- Company books and records can be decided  place the where  by the directors.
- Bank accounts can be opened anywhere in the world.
- The company may use surplus funds to repurchase its own shares, and the stock can be cancelled after the repurchase.
- Decrement share capital by resolution of directors or shareholders without the need for a court to issue a decree.
- precious few company information needs to be disclosed, and the names of stock holders and directors and administrator do not appear on public files.
- The new-style asset protection legislation includes allowing companies to back and forth other countries.

   So many advantages are listed above，The point is：Offshore trade is not subject to profits tax, company management is simple, there is no need to disclose the identity of beneficiaries, and it is easy to open bank accounts around the world.

British Virgin Islands company name
   Company name must end with Limited、Corporation、Incorporated、Societe Anonyme  or  Socieded Anonima or the abbreviation of the above words as the concluding remarks . Company name cannot be used Assurance、Bank、Building Society、Chamber of Commerce、Chartered、Cooperative、Imperial、Insurance、Municipal 、Royal or Trust etc.Unless special approval is granted.

British Virgin Islands company application conditions
    A shareholder over 18 years old (a mainland citizen or overseas person with a passport or ID card); a registered address of the company and a statutory Secretary of the limited company.

British Virgin Islands company handling procedures
 Submit a registration power of attorney →   sign an agreement  →    Delivery registration fee    →   Go to the government departments to go through the formalities  →   Directors personally sign statutory documents.

Language of company registration documents：
Can choose English.

Disclosure of  material of the ultimate owner：

No need. The use of proxy shareholders and acting directors is very common.

Documents and material that customers need to provide：
- Documents and material that customers need to provide：
- Photocopies of identity cards or passports for all shareholders and directors.
-  Proof of address for all shareholders and directors (such as ID card address, water and electricity bill, telephone bill etc).
-Share allocation ratio (eg more than one shareholder).

After the company registration is completed, the customer can get the following documents：
- B.V.I company registration certificate.
-Company organization outline -five books.
- Blank shares-ten books.
- Meeting record-one book.
- Company atomic signature seal and metal steel seal - 1 each.
- Company shareholders, directors and secretarial material file  one copy.