Since you have landed down here, you might be clear in your mind that you want to invest to earn greater returns, right?
Well, let me tell you that investment in the offshore business is one of the best possible moves you can proceed ahead.
Precisely, if you are looking forward to grabbing the control of other companies and earn money passively, starting with an offshore company in the British Virgin Islands (BVI) is a green go.
BVI Offshore Business
The British Virgin Islands has been one of the promising grounds where you can invest and grow your wealth by various means. Right from the incorporation of an offshore business unit to protecting your assets and wealth, it holds the entire range in its arena.
A holding company, too, acts as a simple and easy way to earn handsome passive income that you can deal with backed by tax exemption.
Incorporating a holding company in a tax-haven jurisdiction like BVI is one of the affordable business moves, which needs to be aligned accordingly by clearing the legal proceedings.
Working Model of a BVI Holding Company
A holding company is just like other established business structures that act as a legal entity; however, holds a different way of earning revenue.
The holding business structure earns revenue through dividends that are a part of the profit that the company distributes to its shareholders.
The holding business unit owns a significant stake in other companies and receives regular dividends from the same.
Benefits of Starting a Holding Company in the BVI
The core grounds that provokes a business owner to invest in a holding company includes:
- Very high-end level of confidentiality
- The meetings can be conducted in any part of the world
- Flexibility to deal with multiple currencies
- Feasible environment for setting up a BVI Company
- Complete tax exemptions
How to Start a Holding Company in BVI?
As you are now aware of the benefits that you can grab, let’s have a look at the process that needs to be followed to set up a holding company.
1. Get Expert’s Advice
Since you have understood that the holding company has to deal with other companies' dividends, legal steps need to be cleared effectively.
Clearing out the process single-handedly might turn out to be an issue, and so, it is recommended to proceed ahead with the help of experienced business experts.
2. Understand the Process
Once you have onboarded a business advisor, you need to outline the complete proceeding and understand the process. This step is essential so that both parties are on the same page.
3. Submit the Documents and Make the Necessary Payment
The next step is to submit the respective business documents that you need to hand over to the business experts. In general, the set of documents include:
- A duly filled business application form
- Identity proof of the business shareholders and directors
- Address proof of the business shareholders and directors
- Passport-sized photos of the business shareholders and directors
- Well-drafted business plan
- Memorandum of association (MOA)
- Articles of association (AOA)
The documents need to be submitted to the business advisor, who, in turn, will help you to gain the respective approvals from the respective authorities.
You also need to be clear regarding the payment that needs to be made to clear the proceedings.
4.Open an Offshore Bank Account
The final move is to open an offshore bank account that will help you to complete the offshore business transactions.
Holding an offshore bank account can open up new opportunities for you to invest in the international market easily.
These four steps are the core grounds that need to be completed at ease, which leads to the way of opening a holding company in the British Virgin Islands.
Now, the call is how to approach?
Well, it is recommended to proceed ahead with experts help. Are you wondering whom to contact?
Your guide is just below.
Business Setup Worldwide- Your Business Partner
From the initial point of inception, we have been dealing with business investors planning to start their offshore business.
Right from incorporation to opening a bank account, we assist in the entire process. Our experts are well-versed in the proceedings and can provide you with tailor-made solutions.
If you are willing to proceed ahead, please reach out to us and discuss it with our business experts. Contact us now- we’d be glad to assist!