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Register your Company in BVI
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Company Registration in BVI
Doing Business and Registering Company in BVI
British Virgin Islands (BVI) company registration is the most popular offshore business filing option among Asian and European entrepreneurs. It is also extremely popular in the Americas. When searching for jurisdictions to form a corporation, many business owners believe that the British Virgin Islands is a good option due to its privacy and tax advantages. The British Virgin Islands popularity as an offshore incorporation strategy has resulted in the formation of thousands of corporations annually. Approximately forty per cent of offshore companies are established in BVI.
An Offshore Company is a legal business entity that is established in order to operate outside of its registered jurisdiction and/or the location of its ultimate ownership. Offshore companies can be utilized in the majority of financial planning scenarios for the purpose of mitigating tax exposure and/or freely passing assets to beneficiaries upon death. Occasionally called Special Purpose Vehicles (SPV).
Generally speaking, an “offshore company” is a corporation registered in a “tax haven” with low or no taxes. A BVI Business Company is exempt from BVI income tax, and the exemption applies to all dividends, rents, royalties, interest, compensations, and other amounts paid by a company, as well as all capital gains realized on debt obligations, shares, or other securities of the company. No estate, succession, inheritance, or gift tax is due on shares, debt obligations, or other securities issued by a BVI BC. All transactions and instruments involving the transfer of property, shares, debt obligations, or securities to or from a BVI BC are exempt from stamp duty.
Advantages of Registering a Business in BVI:
Incorporating a business in the British Virgin Islands has numerous advantages for business owners. Among these advantages are the following:
- Companies are not required to pay income tax to the government of the British Virgin Islands.
- In BVI, you are not required to pay substantial fees to establish and maintain your business.
- Your organization will not be required to disclose information regarding its officers, directors, owners, or shareholders. Since none of this information is submitted to the Registrar and these names are not listed in public records, confidentiality is maintained.
- The British Virgin Islands do not place restrictions on where you can conduct business or purchase real estate, giving business owners a variety of options.
- Additionally, it is simple to relocate your business from the British Virgin Islands to another jurisdiction.
- The British Virgin Islands have never been blacklisted by the FATF or OECD as an offshore services domicile.
- The defense of intellectual property.
- A legal system that is stable and business-friendly.
- BVI Business Corporations are not required to prepare or file financial statements.
- There is no VAT or GST applicable.
Registering a BVI Company:
Commonly formed corporations in the British Virgin Islands are companies that can issue shares (limited by shares). According to the BVI Business Companies Act of 2004, any new business wishing to incorporate in the British Virgin Islands must do so. These types of businesses are permitted to conduct financial transactions with non-BVI residents in the British Virgin Islands. “business companies” is a common term used in the BVI to describe these types of businesses. The requirements for registering a company in BVI are as follows:
- You must identify a registered agent with a location in the British Virgin Islands. Your registered agent will assist you in registering and incorporating your company so that it complies with all BVI legal requirements. Moreover, the company or limited company is required to maintain a registered agent for the duration of its existence; failing to do so could result in a hefty fine.
- You must also maintain a registered office, which must be a physical location in the British Virgin Islands and cannot be a post office. However, you may use the office of your registered agent for this purpose.
- You must complete your company's Memorandum and Articles of Association with your registered agent. Then, your registered agent will file the necessary paperwork with the Registrar.
- There is no VAT or GST applicable.
- Although there is no legal requirement for a BVI company to have a company secretary, the Registered Agent will appoint the company's first director(s) and company secretary if one is required.
Required Documents for BVI Company Registration:
The following documents are required to register a company in the British Virgin Islands:
- Passports of each shareholder/beneficial owner and director have been notarized.
- Notarized proof of each director and shareholder/beneficial owner's residential address (Must be in English or be translated into English).
- The three proposed company names with the suffixes "Limited," "Corporation," or "Incorporated," or (b) the abbreviations "Ltd," "Corp," or "Inc."
- The standard authorized amount is 50,000 shares or less.
Why Business Setup in India?
Since our inception as an Official Company Registration Agent, we have maintained close ties with the Ministry of Corporate Affairs, Government of India. From day one, our intention has been to offer a streamlined incorporation procedure that is quick and easy to utilize. Today, our system for company registration is among the most efficient and effective in India. You can file an application for a new company name in slightly more than 5 minutes, and your firm will often be fully registered within 3-5 days. In addition to maintaining affordable pricing for company formation, we are constantly investigating new ways to bring value to our clients. We are proud to be one of the least expensive ways to establish a business in India.
We have the knowledge to advise clients on the appropriate company structure to implement. The majority of our clients want assistance registering a business limited by shares. The limited company structure is prevalent because it permits the distribution of profits to shareholders while safeguarding them through restricted liability. Our team has more than 2 decades of experience founding companies and providing corporate and secretarial services, which aids in the growth of tens of thousands of our clients’ enterprises each year.
We are tremendously passionate about the quality of our service, and we are incredibly proud of the reviews we get from our customers, as evidenced by our outstanding reviews and ratings. Continually, our team is chosen due to the value and skill for which it is renowned. We have helped form the industry by giving our customers innovative business services and packaged solutions that have grown alongside their demands.
Our clients have access to complimentary help from a team of experts. We are always prepared to assist. Throughout the registration of your Company, you will be enabled to contact us by phone or email if you require assistance.
No Hidden Charges
We believe in transparent and straightforward pricing. The price displayed is the price paid. There are no additional fees associated with business registration.
Rapid Service
You can file an application for a new company name in slightly more than 5 minutes, and your firm will often be fully registered within 3-5 days.
20 Years of Expertise
Our staff has over 2 decades of experience, making us specialists in our industry. Take the stress out of establishing your business, and rest easy knowing you have the assistance you need to thrive.
Reliable Service
Today, our customers expect exceptional service. Because of this, we are very pleased that 99 percent of our customers have rated us as "Great" or "Excellent" on Google.
Simplicity
The entire procedure, from ordering to utilizing your company registration license, is designed to be as simple and direct as possible to aid in the growth of your firm.
Privacy and Protection
ustomer confidentiality and safety come first. We safeguard your financial, business, and personal information to the utmost degree.
Let's Deal With Your Confusions
Yes, it can be.
Yes, you can.
Yes. A single person can own and operate a business; he or she can be the sole shareholder and director of a company.
US$ 50000 or lower.
At least one director must be appointed. The company must have registered office in the British Virgin Islands.
The company's minimum share capital must be at least $50000.
Not Necessary Our Associate Company's Registered Agent will handle all administrative tasks.
In normal circumstances, one day; if not, three to five business days.
Yes, the yearly renewal is necessary.
BVI Company is not subject to any taxes.
A Register of Directors must maintained at the registered office in the British Virgin Islands. Register of Directors is not required to be filed with the Registrar.
The BVI government does not require the company to submit any other yearly returns or financial statements aside from the annual renewal of the BVI corporation. As a result, running a BVI corporation has gotten a lot simpler..
No, it is not required.
At Business Setup in India, we simplify the process of starting and running a successful business. Our expert team offers comprehensive services, from legal support to accounting and business advisory, tailored to meet the needs of entrepreneurs and companies.
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