Malaysia Hotline : +603-2141 8908
The British Virgin Islands (BVI) is a group of islands in
the Caribbean Sea located approximately 80 kilometers east of Puerto Rico. The
BVI is a British Dependent Territory which became self-governing in 1967 and is
a member of the British Commonwealth. Since introducing its International
Business Company (IBC) legislation in 1984, the BVI offshore financial services
sector has developed, and is now the world's most popular offshore centre with
around 700,000 companies incorporated. The newly enacted BC Act should further
enhance the jurisdictions popularity.
BVI Corporate Formation - Advantages
1.BVI has very stable political, economical and trading
environment.
2.BVI has sound financial and juristic facilities and can
set up the foundation and financial organization conveniently.
3.The government protects interests of the shareholders, not
publicizing the status of the beneficiary.
4.In order to encourage economic development and absorb
foreign capital, the local government allows one person to own a company
completely.
5.Low tax rate. Very few tax controls are granted to
international limited companies in isles.
6.Profits gained in other places of operation without paying
tax and tax can be avoid reasonably by triangle
trading mode.
7.No need of reports of auditor and debt return.
BVI corporate formation - Company Name
We are free to make a choice of companies’ names
which can include the wording such as international, group, industry,
investment, college, association and so on. The company name must end with one
of following words“Limited, Ltd.，Corporation , Incorporated, Societe
Anonyme ,Sociatedad Anonima”. In order to attract Chinese investors, BVI
government allows applicant to register the Chinese company name. The Chinese
name can be revealed in the Certificate of incorporation. We will charge RMB 1,000
for the Chinese name including the name search in advance (name search will take
one to two days).
BVI corporate formation - Standard registered capital
The standard registered capital is 50,000 shares according
to the new corporation law which issued in 2006.
BVI corporate formation - Directors & Shareholders
At least one or more than one directors and shareholders is required for
establishment of the company in BVI. The directors and shareholders can be the
same person. The shareholder can act as the natural person or the legal person.
If the shareholder acts as the natural person, the person must be one who is more
than 18 years old and holds passport or ID. Before incorporation, list of
shareholder, director, chairman of the director and the proportion of their
shares are to be confirmed.
BVI corporate formation - Registered address
The government stipulates that every limited company should
have the registered address in BVI. The registered address can be provided by
TANNET if needed.
BVI corporate formation - Business scope
In principle there is no limitation for the company business
scope. The operation which enterprise can carry on includes finance and
investment, the medical health care, the import & export trade, the real
estate, the architecture, the information network, the clothing spinning and
weaving, the traveling and so on.
BVI corporate fromation - Bank account
opening
BVI Company can open the bank account outside BVI. This kind
of bank account is known as offshore bank account. We can provide service for
bank account opening arrangement in Hong Kong, Shanghai, Malaysia, Singapore,
Liechtenstein and other areas. Our company can provide the whole set of opening
bank service including: recommending the bank/ preparing the bank account
opening document (certified true copies)/meeting minutes/application form/
arranging the introducer.
BVI corporate formation - Low maintenance fee
The fee fluctuates according to the government fee. Because it is a
offshore company which do not carry out actual business operation, the tax
return is not required. The time of license renew is divided into two
situations: the company registered during the January to June should carry out
the annual license renew before May 1st while the company registered during
July to December should submit before November 1st every year.
BVI corporate formation - Procedures and Documents
The following documents are required to incorporate a BVI
company:
Company name; information and identity certificate of
director &shareholder (duplicate copy of passport or ID)
Fill in the application form→sign
the agreement in person→pay the deposit→transact in the government
→finish within 10-15 working days→All the
director sign the legal document in person→submit the document to BVI
government to file→pay the spare money.
(If you buy the shelf company only need 3 working days but will charge
more RMB500 than the new company)
Tannet Malaysia is an International Consultant Firm based in Hong Kong, Shenzhen. We do have over 10 branches in China and We believe Tannet would be your best choice for your oversea Investment. Kindly contact us for more information on our other services!
Contact us:
If you have further queries, please contact Tannet
Malaysia hotline：603-21418908;
Hong Kong hotline：852-27837818;
Shenzhen hotline：86-755-
36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my