BVI Company main characteristics:
|Business Company (BC)|
|The BVI Financial Service Commission is the governing authority and companies are regulated under the Business Companies Act 2004.|
|There is no public register of company officers.|
|The BVI offers a high level of anonymity and privacy. No officer name is disclosed to the registrar upon company registration.
|No accounting/reporting requirements.|
|No taxes of any sort.|
|Modern offshore legislation.|
|The BVI has a fast and efficient registry: it takes about 48 hours to register a company.
|Stable jurisdiction with a very good reputation.|
|Efficient communication means.|
|Convenient world time zone: GMT-4|
|No paid up capital requirement.|
|Under Common Law.|
|Minimum of 1 director/shareholder|
|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 BVIThe 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.