BVI - The Benefits

Why form a corporation in the BVI?

The main reasons for BVI Company formation are as follows:

• Exemption from Tax - International Business Companies (IBC's) are exempt from all local taxes and stamp duty.
• Maximum security of assets - includes the ability to transfer domicile.
• The directors may protect the assets of the IBC for the benefit of the IBC, its creditors and its members by transferring its assets to another company, trust, foundation, association or partnership; and merge or consolidate with any other company or foreign corporation in another jurisdiction.
• Legal personality - a BVI Company has separate legal personality and the same powers as a natural person.
• Maximum confidentiality and anonymity - are provided by BVI bearer shares.
• Structural flexibility - the IBC is set up for a specific purpose and may be liquidated when no longer required.

BVI - Wide range of applications

A wide range of applications are possible with a BVI Company, including: investment, property holding, financial management, trading and copyrighting and/or licensing. Unlike many other jurisdictions, there are no disclosure requirements, nor any minimun capitalisation regulations, nor any prohibitive license fees.

BVI Formation - Cost effective

Formation is cost effective when compared with the more traditional centers such as Bermuda, Cayman, Liechtenstein, Luxembourg and Switzerland. Fees are similar to Liberia and Panama, plus the BVI Company offers greater offshore asset protection benefits and the BVI government has greater political stability.

BVI - Asset protection

A BVI Company is a premier choice for asset protection and financial privacy.

Time taken to incorporate

1 - 2 days

Directors

Minimum One - Corporate director allowed - No restriction on location

Secretary

No mandatory - Corporate secretary allowed - No restriction on location

Accounts

Not required