To register BVI based companies, you have to go through some process of document acquisition, processing and postings. The legislation procedures will require the followings steps all done in English language:
? Getting a company name that has not been incorporated or does not poise any confusion or similarity with the current registered companies’ names. The names must also not be deemed profane, obscene or hateful by the BVI registrar. The name of the company must be of English kind, however if the name is not English, translations must be undertaken on the name. Once the name has achieved these requirements, the company will be given the go a head to be incorporated.
The suffixes of the company names must take the words limited, incorporation, corporation, sociedad anonyma etc or their abbreviation forms. It is also of great significance to note that some names such as banking, trust, insurance, mutual fund, assurance, or trustee require licensing to be incorporated into the company name.
? All the companies operating under BVI rules must have a registered and maintained office. The location of the office is always at the registered agent of the company’s office.
? To register BVI offshore companies, you must have the minimum share capital of USD 50,000 split into shares with one or no par value. All share capitals are allowed even though in cases of No par value shares, there is an additional government fees of USD 50 plus authorized capital over USD 50,000.
? All classes of shares ranging from registered shares, bearer shares, no par value shares, preference shares, redeemable shares as well as shares having voting rights or those lacking are allowed. Also allowed are nominee shareholders.
? A BVI company requires at least one director and shareholder to operate. However the [position of a company secretary may or may not be filled. Te shareholder or director may be one and the same person or entity.
? No matter the circumstances, all the names of the beneficial owner(s) will always remain concealed from the public. The share registers can only be checked by shareholder(s) and is must be lodged with the registered agent. All bearer shares must show contact addresses.
? The memorandum and articles of associations are free to be accessed by the public, though all the changes in directors, members, and mortgages and charges are optionally put into files.
? To register BVI based company comes with the following tax relief; all forms of local taxations, stamping payments resulting from shares/debt/other securities’ transactional requirements, and stamping services’ payments on instruments of assets or activities of the instruments.
? BVI companies are exempted from BVI taxations and do not suffer from the concept of double taxation which was reached on between Japan and Switzerland.
? All the assets owned by offshore companies registered under BVI IBC are protected from any confiscation or expropriation orders from any government.
? This body is a legal body according to the common English laws and has the right of final appeal to the Privy Council in London. The laws and policies of the BVI government are made through consultations with the private sectors such as BVI Corporation.
Offshore Company Formation
with CCLOGIC.COM, we provide reliable online registration and formation of Offshore Companies and online opening of Offshore Bank accounts through our advanced ordering system Online Registration & formation of Offshore Company
