You must have heard that starting an offshore company is a profitable move as one can earn handsome profits.
Incorporating one in today’s world is a matter of prestige and an excellent step toward diversifying one’s business.
The British Virgin Islands also referred commonly as the BVI, is one of the most preferred offshore jurisdictions when starting an offshore company.
If you are keen on investing and starting your offshore company in BVI, then this guide is a must-read for you.
BVI Offshore Company
The British Virgin Islands has been one of the reputed offshore destinations in the eyes of investors. Almost 40% of the world’s offshore companies are registered in the BVI due to the flexible business environment for business investors.
Starting an offshore company in the BVI has become an easy process today as that can be quickly done with the help of certified business experts.
Coming back to square one, let’s have a look at the core reasons that invest the BVI a profitable move.
Why Start a Business in the British Virgin Islands?
A few of the lucrative reasons that provoke the business investors to start an offshore company in the BVI include:
1.A Stable Jurisdiction
BVI has turned out to be one of the most stable offshore jurisdictions that one can count on. Over the years, the tax-haven jurisdiction has reached popularity among investors.
The offshore business entity settled in the BVI is utilized for international trading and asset and wealth protection.
2.Well-defined Regulatory Framework
With the increase in the number of offshore units in the region, the government has brought necessary rules and regulations to grab the attention of international investors.
The BVI companies are regulated under the BVI Companies Act 2005 that depicts the further modernization of the jurisdiction.
3.Simple Incorporation Process
Establishing an offshore unit in the BVI is an easy and hassle-free process. Today, incorporation of the same has become more manageable.
It becomes much feasible for the business investor to know in-depth before investing in BVI. To learn more, here’s a guide on How to start an offshore company in the BVI.
4.Low Legal Compliances
Dealing with legal proceedings is something that no investor can avoid. When it comes to setting up an offshore company in the BVI, it can be quickly completed as there is:
- No minimum capitalization required
- No local director required
- No corporate secretary
- Shares can be transferred for a consideration other than cash, with or without par value, denominated in any currency.
5.High-end Tax Benefits
Taxation is another driving pillar that provokes business investors to come forward and start a business in the BVI.
The jurisdiction of the British Virgin Islands is one of the highly demanded grounds for saving tax.
The business entities that get incorporated in the ground are exempted from corporate tax. To know more about the tax scenario, here’s a guide on the British Virgin Islands, A Tax Haven for the Offshore Company.
6.Deal with Offshore Banking
Offshore banking is the next golden opportunity that allows business investors to take an interest to incorporate a business entity in the BVI.
Right from investing in international forex trading to dealing with multi-currency accounts, the business investor has got numerous benefits that he can experience.
However, it is recommended that an investor proceeds with the bank account process at the initial stage of company incorporation.
Here’s a guide on the Top 10 Benefits of an Offshore Bank Account in the BVI that will help you to understand the details at ease.
Starting an offshore company in the BVI is a smart move you can make to diversify your investments. At the same time, it provides numerous pathways to enter the international market.
The incorporation of a business entity might turn out to be a complicated process but can be made simpler under the guidance of business experts.
We at Business Setup Worldwide are here to simplify the complex legal proceedings for your business. Our advisors take a keen interest in understanding your business needs and cater to tailor-made solutions, respectively.
To start your offshore company in the BVI, feel free to discuss with our experts.
Contact us today-we’d be glad to assist!