Offshore Business in BVI

[richardm1964]

What are the best offshore business scopes available in British Virgin Islands? I would be very happy if you can describe any five such good offshore business in British Virgin Islands.

 

[mneilson]

British Virgin Islands (BVI) is a great tax heaven. These are some of the main advantages available for a BVI offshore company.


Only one director or shareholder required for the company formation.


Shareholder(s) and director(s) may be the same person.


The shareholder(s) and director(s) can be a natural person or a corporate body.


There is no requirement of resident secretary


There is no requirement of appointing local shareholder(s) and director(s) for British Virgin Island Companies.

 

[flora]

Hello friends


Offshore business in BVI Essentially, a modern IBC is a private corporation which is exempt from tax, suitable for virtually any international business activity, has a flexible organizational structure, is not burdened by excessive reporting and record-keeping requirements, and maintains strict confidentiality provisions.


Since the adoption of the British Virgin Islands International Business Companies Ordinance in 1984, the BVI IBC has attained a model status in the offshore services industry. With more than 600,000 total incorporations and more than 5000 new companies registered every month, BVI is by far the most popular offshore tax haven. Such is the dominance of the British Virgin Islands as an offshore corporate domicile, that in many regions of the Far East International Business Companies are called simply as "BVI's".


In January 1, 2005 a brand-new version of the BVI Business Companies Act came into force. The new Act represents a further development in the already outstanding BVI offshore corporate legislation. The new law successfully addresses the challenges faced by the offshore financial industry in the 21st century, in particular the pressures against 'illegal discrimination' between domestic and offshore companies. Thus the new BVI Business Companies Act removes any former distinction between a local company (operating in the domestic market) and an offshore company (restricted only to international business). According to the new Act, there is now only one, unified type of company - a BVI Business Company, which continues to be exempt from tax and continues to enjoy all the substantial benefits afforded by the previous legislation.


Thanks to all friends ...........


GRP Mouldings

 

[goldy]

Hello friends


Offshore business in BVI Since the adoption of the British Virgin Islands International Business Companies Ordinance in 1984, the BVI IBC has attained a model status in the offshore services industry. With more than 600,000 total incorporations and more than 5000 new companies registered every month, BVI is by far the most popular offshore tax haven. Such is the dominance of the British Virgin Islands as an offshore corporate domicile, that in many regions of the Far East International Business Companies are called simply as "BVI's".


In January 1, 2005 a brand-new version of the BVI Business Companies Act came into force. The new Act represents a further development in the already outstanding BVI offshore corporate legislation. The new law successfully addresses the challenges faced by the offshore financial industry in the 21st century, in particular the pressures against 'illegal discrimination' between domestic and offshore companies. Thus the new BVI Business Companies Act removes any former distinction between a local company (operating in the domestic market) and an offshore company (restricted only to international business). According to the new Act, there is now only one, unified type of company - a BVI Business Company, which continues to be exempt from tax and continues to enjoy all the substantial benefits afforded by the previous legislation.


The Chief Minister of the BVI, Dr. the Hon. D. Orlando Smith, said at the announcement of the new legislation: "The new BVI Business Companies Act was designed to safeguard the attributes that have made the BVI the world's premier offshore company domicile. The collaborative effort to draft this new Act has resulted in legislation that not only retains all the virtues of the current IBC Act, but makes the BVI even more attractive to clients by including new features that have become desirable since the enactment of the current Act."


Thanks to all friends

 

[negon]

Well back in 2009 / 2010 everything was just great with the BVI for incorporating a business. Today this island sucks as much as many other places which have increasing requirements to DD documents and stuff that looks total strange compared to a simple company registration.

 

[brutalzorn]

I read lots of bad stuff about BVI will never go through the hell to setup a BVI Company!!

 

[Luigi]

I read lots of bad stuff about BVI will never go through the hell to setup a BVI Company!!

What's the problem with BVI? Is it only the bureaucracy or is there more?

 

[diablo]

What's the problem with BVI? Is it only the bureaucracy or is there more?

I tried to setup a BVI Company last year and stopped it during the process they asked for tons of information and forms to be completed. I simply rejected to do so since it is revealing my privacy totally.