BVI Company main characteristics:

Company type
Business Company (BC)
Governing corporate legislation The BVI Financial Service Commission is the governing authority and companies are regulated under the Business Companies Act 2004.
Information published relating to company officers There is no public register of company officers.
Confidentiality The BVI offers a high level of anonymity and privacy. No officer name is disclosed to the registrar upon company registration.
Accounting requirement
No accounting/reporting requirements.
Taxation
No taxes of any sort.
Legislation
Modern offshore legislation.
Standard currency
US$
Time to form
The BVI has a fast and efficient registry: it takes about 48 hours to register a company.
Stability
Stable jurisdiction with a very good reputation.
Communication
Efficient communication means.
Time zone
Convenient world time zone: GMT-4
Secretary required
No
Paid up capital requirement
No paid up capital requirement.
Basis of legal system
Under Common Law.
Minimum directors/shareholders
Minimum of 1 director/shareholder
Bearer shares
Bearer shares are not permitted.

DOCUMENTS REQUIRED FOR THE CREATION OF THE COMPANY
A certified copy of your passport (or identity card), as well as proof of domicile dated less than three months

General information on BVI

The BVI is a British Crown Colony and has approximately 40 islands.

They are situated in the Caribbean about 60 miles east of Puerto Rico. The principal island of the archipelago is Tortola, whose capital city is Road Town.

Under the 1976 constitution, the BVI are independent from the UK, except with regards to its external affairs, defence, internal security, civil services and court administration for which the UK has kept the responsibility.

The BVI are an internationally recognised offshore centre and also one of the oldest. Many other offshore jurisdictions based themselves on the BVI's laws before developing their own corporate laws. Company formation in the BVI is finalised in 2-3 days.

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