The British Virgin Islands (BVI), also known as the British Virgin Island (British Virgin Islands-- B.V.I), is located between the Atlantic and the Caribbean Sea, covering an area of 153 square kilometers. Located at the northern end of the Leeward Islands, 100 km off the east coast of Puerto Rico and adjacent to the United States Virgin islands.

BVI is one of the Caribbean financial centres, and the economy relies mainly on tourism and financial services. In recent years, the construction industry has been developing rapidly because of the renovation and expansion of the tourism industry. The government in 1984 by the "International Business Law", allowing foreign companies to set up a "Off Shore Company" in the local area, and provide a very favorable policy: the company in addition to the annual pay business license renewal fee set up in local, exempt from all local taxes; only a registered company shareholders and directors, company staff do not have the local residents; without reporting management information, accounts and annual report also need not open. A variety of convenience factors make BVI an ideal "tax haven", and there are 170 companies registered here.

Advantage analysis of BVI International Business Companies (BVI IBCs)

A. is one of the most popular Off Shore Company registration sites, and the British Virgin Islands have the following advantages:

(1) the island is a very stable political, economic and trading environment;

(2) there are good financial and legal facilities to facilitate the establishment and development of various financial institutions or foundations;

(3) the government protects the interests of the shareholders and does not need to publish the identity of the beneficiary;

(4) the local government, in order to encourage economic development and attract foreign investment, a person may own a limited company;

(5) the government provides privacy protection for enterprises, and the directors' information is strictly confidential;

(6) low tax rates, which are subject to very little tax control by British Virgin international ltd.;

(7) without the auditor's report, it is only necessary to retain data to reflect the economic situation;

(8) the profits from operating in the field are not subject to profits tax, and the purpose of reasonable tax avoidance can be achieved in the form of triangular trade;

(9) enterprises on the island can open bank accounts all over the world.

B. in the management of the company, the British Virgin Islands also include the following characteristics:

(01) annual reports or financial statements are not required;

(02) no annual directors or shareholder meetings are required;

(03) the resolution of directors and shareholders may be signed by telephone conference or document delivery (including facsimile copy) without meeting in BVI;

(04) the company does not have to appoint local residents of the British Virgin Islands as directors;

(05) the books and records of the company may be determined by the director;

(06) bank accounts can be opened anywhere in the world;

(07) the company may buy back its own shares by means of surplus funds, and may be cancelled after the stock repurchase;

(08) the amount of capital stock may be reduced by the director or shareholder resolution without the court issuing a decree;

(09) very few corporate data needs to be disclosed, and names of stock holders and directors and managers will not appear on public archives;

(10) the new asset protection legislation includes allowing the company to return to another country.

The advantages of the above are: offshore trade requires no profits tax; the company is easy to manage; there is no need to publish the identity of beneficiaries; it is convenient for banks to open bank accounts all over the world.

Bvi Companies name

The name of the company must be ended with the abbreviations "Limited", "Corporation", "Incorporated", "Societe", "Anonyme" or "Socieded Anonima" or the abbreviation of the above. The company name cannot use words such as Assurance, Bank, Building, Society, Chamber, of, Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal, Royal or Trust, unless special approval is granted.

Application conditions for establishment of Bvi Companies

One or more over 18 years old shareholder (passport or identity card of mainland citizens or overseas people); there is a registered address and limited company statutory secretary.

Bvi Companies procedures

Submit the registration letter: sign the agreement and deliver the registration fee. Go through the formalities to the government departments

Language of the company's registration document

You can choose english.

Disclosure of the information of the final holder

Unwanted。 The use of the Deputy shareholder and the acting director is very common.

Documents and materials required by customer

(1) the company name (English or Chinese and English name) is to be used;

(2) copy of identity card or passport of all shareholders and directors;

(3) proof of address of all shareholders and directors (such as ID card, address, water and electricity bill, telephone bill, etc.);

(4) share ratio of shares (such as more than one shareholder).

The following documents can be obtained after the company has completed the registration

(1) B.V.I company registration certificate;

(2) the organization outline of the company is 5;

(3) blank stock 10;

(4) the minutes of the meeting are 1;

(5) the company seal and metal atom signature chapter each 1;

(6) 1 copies of the company's shareholders, directors and Secretary documents.