Investing in offshore destinations has become a must-have for the business investors who are looking forward to diversifying their wealth sources, protect their business assets, enter into the international business market. Globally, the search for the same has been exponentially increasing, which have made the worldwide nations to focus more on the offshore segment. Among the top offshore jurisdictions, the British Virgin Islands has left a good mark in the business investors' minds.
The British Virgin Islands, located to the east of Puerto Rico, has been an emerging offshore business destination that has widened business investors' scope to conduct business internationally. With high-end business protection packages, and tailored environment and legal regulations, it has become one of the offshore driving economies. If you are looking forward to investing in the offshore business in BVI, this guide is a must-read for you.
One of the most respected offshore jurisdictions, the British Virgin Islands (BVI) has set its benchmark to strive the offshore business and gain international attention. With a high-end secured business environment, the business investors experience high and easy company setup compared to the other popular offshore jurisdictions.
Being one of the oldest offshore destinations, the BVI offshore company setup process operates on the International Business Companies Act 1984. An International Business Company, referred to as an IBC stands as the ideal business structure.
The offshore company set up in BVI is ideal for business investors involved in:
Company incorporation in the British Virgin Islands involves few strategic moves that need to be taken sequentially:
The very first move is to get along with a business expert who holds a complete knowledge of the offshore company formation process. Starting a business entity in an offshore location might turn out to be confusing if you are not well-versed with the respective proceeding. The ideal way to save time and clear the task at one go is to take the expert’s opinion and proceed ahead.
Being a business investor, you have to have a clear picture regarding the business plan, your target audience, the services that you are going to offer. Having a clear idea on the same will help you to understand the next moves in an easy way. Apart from that, the business owners need to discuss the same with the business consultant who would help them take the steps forward.
After getting a gist on the offshore business setup process in BVI, you need to get handover the relevant documents, which will be submitted to the respective jurisdiction's government authorities.
As mentioned, the approvals need to be obtained accordingly as it will permit you to carry out the process in an ethical way. If you fail to grab the approvals, you need to have a word with your certified business expert and rectify the errors accordingly.
The next move is to open an offshore bank account essential for any business investor to carry out the relevant transactions. By holding an offshore bank account, you can enter into international business transactions, deal in multi-currencies etc. An investor can enjoy numerous benefits, and to know more about it, have a look at the advantages of offshore banking.
Thus, you have an idea regarding the company setup process that needs to be followed in the British Virgin Islands. With the help of business experts, you can understand the process in an easy way.
Since inception, we have been dealing with business minds who look forward to incorporating an offshore business in the most respective jurisdictions. Providing tailored solutions is what we look forward to delivering that has made us one of the top business consultants in Dubai.
Our business experts are well-versed with the offshore company setup process and can assist you accordingly. To proceed ahead, feel free to have a word with our experts. Contact us today-we’d be glad to assist!