English | Russian

1 2 3 4 5 6

BVI Registration

The British Virgin Islands also known as the BVI is a group of islands in the Caribbean which form part of Britain’s overseas empire. The British Virgin Islands are very popular vacation destination for tourists from the United States and Canada and a few European countries. Over the years the British Virgin Islands have also become a very important offshore jurisdiction in the Caribbean offering offshore services such as offshore enterprise construction, comparable to Seychelles company formation, the registration of offshore trusts offshore banking, the registration of ships and vessels among other services.

The Registration of the BVI offshore company is something which is done in the offshore jurisdiction by many competent offshore service providers in the islands. The BVI offshore company is regulated by the British Virgin Islands Business Companies Act which was passed in 2004 replacing the BVI International Business companies Act of 1984. BVI company launching, like Panama company registration,s are supervised by the British Virgin Islands Financial Services Commission which was set up in the offshore jurisdiction in 2001.

For BVI offshore registration a registered agent is needed who will submit documents to the Registrar of Companies. The BVI offshore company can be formed by persons of any nationality. The BVI offshore registration Act allows for the following types of offshore companies: Companies Limited by shares, Companies limited by guarantee but not authorized to issue shares,, companies limited by guarantee and can issue shares, unlimited companies authorized to issue shares and unlimited companies unauthorized to release shares. For BVI offshore company registration a Memorandum of Association and Articles of Association are prepared for filing with the Registrar of Companies. The information to be filed is outlined below.

  • The proposed name of the BVI offshore company
  • The type of offshore company to be registered ( one of the companies mentioned above must be listed)
  • The registered address of the BVI company
  • The name and address of the BVI registered agent
  • The name and address of the BVI registered agent
  • Companies allowed to issue shares must state the maximum number of shares which it intends to issue
  • The number of shares and the classes of shares must be stated
  • It must be stated if bearer shares can be exchanged for registered shares and vice versa
  • The purpose for forming the offshore company
  • The by-laws of the company

BVI offshore registration regulations states the BVI offshore company names must end with one of the following, Incorporated, Limited, Incorporated, Sociedad Anonima, Société Anonyme or the relevant abbreviations. Unlimited companies will add the word unlimited to the company name. The name of the BVI offshore company must be unique or else the company will not be considered for incorporation. Company with proposed names which are considered to be offensive will not be considered for BVI offshore company registration. Once all the proper documents are submitted with the right information the Registrar of Companies in the BVI will issue the company with a Certificate of Incorporation making the company a legal entity.

BVI offshore company registration has many benefits which includes exemptions on taxes. BVI companies will upon incorporation receive tax exemptions on profits and capitals which have been gained outside of the jurisdiction. The BVI Company will only be responsible for paying a registration fee and annual license fee which are all very reasonable. The offshore jurisdiction of BVI also provides privacy and security for offshore companies and offshore companies shareholders. The names of BVI offshore company shareholders and directors are not made available to the public. BVI offshore company registration results in an offshore company which can do global business, a company which has a very good reputation.

Tag clouds
For correct image of this element you necessary to install FlashPlayer and comprise of browser Java Script.