Offshore Foundation Company in BVI

Offshore has been one of the eye-opening business investment destinations when it comes to diversifying wealth or creation of assets at an international level. Business investors who are keen on investing the business options prefer to proceed with the global offshore jurisdictions as that provides them high-end tax exemption benefits. One such investment route is the foundation company, which is a legal business structure and offers high-end security.

The British Virgin Islands has been one of the growing offshore destinations that have been widely preferred by global business investors. Starting an offshore business in the BVI has been significantly spiking due to the favourable climate that the jurisdiction provides. Mostly suitable for asset protection and transfer domiciles. If you are a business investor and looking for an opportunity to invest in the British Virgin Islands, you can count on the offshore foundation business structure.

Foundation Company

When it comes to the creation of an offshore foundation company in a tax-haven jurisdiction like the British Virgin Islands, the following elements are included:

  • The Founder
  • The Charter
  • The Council
  • The Beneficiaries
  • The Guarantor

Apart from the essential elements, the features of a foundation company include:

  • The entity gets incorporated by the foundation council
  • The complete details of the business unit get mentioned in the Foundation Charter
  • The business units can be used for commercial or private purpose
  • Can be easily used for inheritance and tax planning purposes

Foundation Company in the British Virgin Islands

The whole concept of foundation company got emerged almost 100 years back that got incorporated in Scotland. Since the investment in this front brings a high-end relief to the business investors, the demand for the same has increased over time. The British Virgin Islands is one of the classic offshore jurisdictions that you can incorporate an offshore business unit.

How to Start a Foundation Company in the British Virgin Islands?

The core steps to create a foundation company in the British Virgin Islands involves the following:

1.Join hands with certified experts

The ideal way of proceeding ahead is to consult a certified business expert. Getting an expert’s advice will help you to streamline the process, and it will help you to understand the next step to be taken. Most of the business owners prefer to proceed ahead with business experts because it saves time, and the process gets handled effectively.

To know more, have a look at the Core reasons for hiring an offshore business consultant, which will help you to understand the insights accordingly.

2.Understand the core process

Once you have joined hands with your business experts, you need to understand the core business process. This will help you to streamline the process and take the necessary steps.

3.Submit the documents

The next step is to submit the required documents that are necessary to start a foundation company. The list of few essentials include:

  • A duly filled application form
  • Detailed business plan
  • Identity proof of the parties involved in the process
  • Address proof of the parties involved in the process
  • Passport photos of the parties involved in the process
  • Foundation Charter

4.Open an offshore bank account

Another essential dimension that needs to be focused is to open an offshore bank account. Opening an offshore bank account brings numerous business opportunities for business investors to invest in the international market like Forex trading. Apart from that, it also helps you to deal with multi-currency business.

To know more about the same, have a look at how to open an offshore bank account, which will help you to understand the benefits that you can grab.

5.Commence the activities

After setting up for the same, you can commence the business activities as per your pace.

In short, you have been gaining an overall idea regarding how to start an offshore foundation company in the British Virgin Islands (BVI). It is recommended to proceed ahead under the guidance of an expert so that the process can be completed in a hassle-free way.

Business Setup Worldwide | Your Offshore Business Guide

Business Setup Worldwide has been standing as one of the top business consultants in the UAE who has been helping the business investors to start their business operations.

Our business advisors hold industry experience, and thus, are flexible enough to provide customized solutions based on the business needs. Right from the company incorporation to opening an offshore bank account, our experts can guide you at every step.

To take a step forward and start your foundation company in the British Virgin Islands (BVI), please have a word with our experts. Contact us today-we’d be glad to assist!

Related Blogs