British Virgin Islands (BVI) Companies

he British Virgin Islands (BVI) is found in the Caribbean and is an English speaking place. It is found about 90 miles east of Puerto Rico. It comes under the British Dependent Territory, and has a stable and peaceful democracy. It is also one of the oldest and most reputed countries in offshore business.
BVI has the International Business Company (IBC). IBC’s are popular and are much known for its flexible and tax free status. It is governed by the International Business Companies Act of the year 1984. BVI is a British Dependent Territory and is subject to EU Savings Tax Directive. It is suitable for citizens and residents who are non EU.

Key features

Offshore companies, which are registered in BVI do not require filing annual returns or audited statements and are tax free. Directors and Shareholders do not need to be residents in BVI and can be of any nationality.

Government record of Directors or shareholders of BVI companies is non-existent.

Bearer shares are not permitted.

Trading/Banking Account Services

Bank accounts for your company should be, opened in a different jurisdiction than from that of the country where it was incorporated. Maritime International Limited provides bank accounts in Europe, the Channel Islands, The Caribbean, the Pacific and the Far East.

We also provide online and manage trading accounts at many world institutions.

Company Management Services That Are Available For Offshore Companies

Corporate Identity Packages, Mailing Addresses, Banking Addresses, Basic Account Maintenance, Invoicing Services, Employee Contract services, Document Safekeeping Services and general Corporate Services.

GENERAL INFORMATION

NAME RESTRICTIONS

The company cannot use names identical to an existing company. The use of the following words is also not allowed except by license or by BVI Government approval: Bank, Trust, Trustees, Insurance, Assurance, Reinsurance, Building Society, Savings, Loans, Chamber of Commerce, University, Municipal Fund, Investment Fund Management or their equivalents in foreign languages.

AUTHORIZED CAPITAL

A standard authorized capital of US$ 50,000.00 with a par value of $1 per share is recommended.
Additional Government fees, for authorized capital of over US$ 50,000.00 or shares of no par value are also incurred.
Suffixes

The company names that you choose can end in Limited, Corporation, Incorporation, Societe Anonyme, Sociedad Anonima, or the other relevant abbreviations.

Incorporating A BVI In An Offshore Company

It takes 2 business days to be able to incorporate a BVI offshore company along with the processing and courier time. It also depends on the location of the client.

Re-domicile Of Offshore Companies

Offshore companies can be moved into or outside the BVI when required.

Exchange Controls

No exchange controls are present.

Infrastructure

The telephone system is very good and there are daily flight options to and from the US. BVI is also a main cruise ship destination.