The move by the BVI to incorporate Offshore Business companies into their laws was made on July 1, 2007 but it had initially been introduced in 1984, hence making it legal to register and run an offshore company in the British Virgin Islands (more…)
No CommentsThe BVI (the British Virgin Islands archipelago) is on the Caribbean to the east of Puerto Rico with the Atlantic Ocean to the north. There are sixty tropical islands and most of them are of volcanic origin. The islands enjoy a tropical climate with a regular hurricane season running from June to November (more…)
No CommentsFormation of a BVI company is like formation of any other company except for a few things here and there, which will be clarified here. To begin with, there must be clarity as to why the BVI companies are formed in the first place. (more…)
No CommentsWhen considering to setup a new business and if the business will conduct business online, it is common for many to just register a company for instant in the BVI (British Virgin Islands) once this company is registered the hunt for a bank account start and often also a merchant account to accept credit card payments. What people will face is that it is often complicated to become each or the other for the company in the British Virgin Islands, often a BVI company will be rejected by the banks and without any reason.
Now you wonder why?
A company in the British Virgin Islands is often very difficult to track down the ownership of, furthermore it don’t fit in any jurisdiction where it is of benefit to open a bank account or even a Merchant account to accept credit cards, it is possible to become both for the company in the British Virgin Islands, but often the fees and rates which apply are high and even if you have the benefit of 0% Tax that the company in the British Virgin Islands pays, then it will kill your cash flow and you are left over with a solution that not really work.
How can I setup the perfect solution for my British Virgin Islands company?
It is recommended that registering the company in the British Virgin Islands is done as a Holding company and at the same time as a International Business Company, once the BVI company formation has take place the British Virgin Islands Company is registering a company in an European country for instant Cyprus which gives you many of the benefits a company in the British Virgin Islands also have, but it tops up with the many possibilities to open a Bank Account for instant in Cyprus which comes with a high level of banking secrecy and also important it is possible to become a merchant account for your company in Cyprus.
Why should I have both a company in British Virgin Islands and Cyprus?
The reasons are many, but one of the reasons are secrecy, privacy and assets protection, you will have the best setup for all three factors mentioned by creating such a company structure. Also if you later on will extend your business venture with some different business activities you will be easily moving forward to separate this in another company and can move all dividend on profits free of tax to your company in the British Virgin Islands.
For more information on how to register a company in the British Virgin Islands or in Cyprus, please visit our website, we have specialized to setup professional offshore companies and bank accounts in Cyprus further to open Merchant Accounts with the trusted banks in Europe.
BVI / British Virgin Island Company formation:
Documents and Possibilities available upon completed company formation:
About British Virgin Island:
The British Virgin Islands (BVI) is a British overseas territory, located in the Caribbean to the east of Puerto Rico. The islands make up part of the Virgin Islands archipelago, the remaining islands constituting the U.S. Virgin Islands. Technically the name of the Territory is simply the “Virgin Islands”, but in practice since 1917 they have been almost universally referred to as the “British Virgin Islands” to distinguish the islands from the American Territory.[1] To add to the regional confusion, the Puerto Rican islands of Culebra, Vieques and surrounding islands began referring to themselves as the “Spanish Virgin Islands” as part of a tourism drive in the early 2000s.
The British Virgin Islands consist of the main islands of Tortola, Virgin Gorda,Anegada and Jost Van Dyke, along with over fifty other smaller islands and cays. Approximately fifteen of the islands are inhabited. The largest island, Tortola, is approximately 20 km (approx. 12 mi) long and 5 km (approx. 3 mi) wide. The islands have a total population of about 22,000, of whom approximately 18,000 live on Tortola. Road Town, the capital, is situated on Tortola.
For more information please visit our web site at British Virgin Island Company Formation
Ever wondered what the different is between a Offshore Incorporation or a BVI Company Registration? If so here we will quickly explain the difference.
Actually the two terms are almost the same meaning.
BVI Company Registration:
BVI is a corporation in the British Virgin Island and is covering the same benefits as any other Offshore jurisdiction, Companies in the British Virgin Island ( BVI companies) are located in a Tax Haven which means almost no TAX of net profit, assets protection and optional Anonymously company incorporation.
Offshore Company Registration:
Means to incorporate a company within a TAX Haven which covers no TAX on net profit, assets protection, anonymously corporation of an LTD company and in some jurisdictions also the possibility for Bearer Shares.
CCLOGIC LLC is able to help you with the full scale of business formation in for instant Cyprus, we are a company formation agent with many years of experience in the fields of company formation services.
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