British Virgin Islands – Key Benefits

The British Virgin Islands are a stable, established, tax efficient jurisdiction in which to incorporate. Below are some of the advantages with regards to incorporating in the BVI:

• All documents and legislation are in the official language of English
• The incorporation time for a BVI company is very short and the future administration very simple and cost-efficient.
• A BVI Company offers a high level of privacy and confidentiality
• There is no requirement to pay capital gains, inheritance taxes or death duties
• No dividends, interest or royalties are required to be paid.
• Registered or bearer shares are permitted
• Only one director and shareholder are required. The directors and shareholders can be any nationality and are not required to be resident in the BVI
• There is no requirement for an annual meeting to be held. If board meetings are required they can be held anywhere in the world.
• Directors can be individuals or corporate bodies
• There is no requirement to register initial or ongoing changes in directors and shareholders
• There are lenient accounting and auditing requirements
• No foreign exchange controls exist
• Corporate bank accounts can be opened without being present at the bank