British Virgin Islands (BVI)
The British Virgin Islands, officially the Virgin Islands, are a British overseas territory located in the Caribbean to the east of Puerto Rico. The 150-square-kilometre British Virgin Islands consist of the main islands of Tortola, Virgin Gorda, Anegada, and Jost Van Dyke, along with over 50 other smaller islands and cays. As a tax haven the British Virgin Islands enjoys one of the more prosperous economies of the Caribbean region.
Key Benefits:
- Simple and time efficient process for incorporating a company.
- High level of privacy and confidentiality.
- Directors can either be individuals or corporate entities.
- Foreign exchange controls do not exist.
- There is no requirement for dividends or royalties to be paid.
Fact Sheet
General
| Type of Company | BC |
| Type of Law | Common |
| Shelf company availability | Yes |
| Our time to establish a new company | 2 days |
| Minimum government fees (exl. Tax) | 0 |
| Corporate Taxation | Nil |
| Double Taxation Treaty Access | No |
| Share capital or equivalent | |
| Standard currency | USD |
| Permitted currencies | Any |
| Minimum paid up | USD 1 |
| Usual authorised | US 50.000 |
Directors & Secretary
| Minimum Number | 1 |
| Local Required | No |
| Publicity accessible reports | No |
| Location of meetings | Anywhere |
| Secretary | No* |
Shareholders
| Minimum Number | 1 |
| Local Required | No |
| Publicity accessible records | No |
Accounts
| Annual Tax Return | No |
| Audit Requirements | No |
| Requirements to file accounts | No |
| Publicity accessible records | No |
Other
| Requirement for file annual return | No |
| Change in domicile permitted | Yes |
| Recurring Government costs | |
| Minimum annual Tax/ License Fee | USD 350* |
| Annual Return Filling Fee | Nil |