British Virgin Islands (BVI) Offshore Company Formation
The British Virgin Island is one of the oldest offshore centers. The BVIs are fiercely competitive offshore formation vehicles due to the jurisdictions flexibility and modern financial regulations making the islands one of the most attractive options for registering an offshore business and opening an offshore bank account. As a consequence BVI, after the Cayman Islands has the most Hedge Funds than any other offshore jurisdiction. Few features of offshore business in BVI are as follows –
- The new BVI BC Act enables IBCs to conduct business and own real estate in the BVIs
- Confidentiality is one of the key features of the BVI BC
- BVI company law is regarded by international investors as being extremely sophisticated and has been copied by other offshore jurisdictions
- The only documents that are made publicly available are the company’s Memorandum and the Articles of Association but they do not contain details related to directors and shareholders
- Minimal compliance requirements
- No taxes on income, capital gains, nor are there gift taxes, inheritance taxes, sales taxes, or value-added taxe
- Information and details of Directors, Officers, and Shareholders are not filed with the BVI Register of Companies
- The BVIs have never been blacklisted by FATF or the OECD
- The director can also be the shareholder
Offshore Location:
British Virgin Island
