Incorporation of BVI companies

The British Virgin Islands (BVI) comprise around 60 tropical Caribbean islands, ranging in size from the largest, Tortola 20 km (12 mi) long and 5 km (3 mi) wide, to tiny uninhabited, altogether about 150 square kilometres (58 square miles) in extent. The North Atlantic Ocean lies to the east of the islands, and the Caribbean Sea lies to the west. As a member of the British Commonwealth, BVI applies a legal system based on English Common Law (its Business Company Law includes some terms in Delaware Law), which operates in concert with local acts.

BVI company is not required to pay tax, nor bound to foreign exchange controls, and information for submission for filing requested by local government is minimal, therefore, many multinational companies and persons are interested in incorporating a BVI company. At present, BVI has become one of the most popular places globally for offshore registration.

Why incorporating BVI company?

• Provide privacy protection, without disclosing shareholders and directors

• Companies can have Chinese names

• No tax shall be declarable and payable

• No audited accounts is required to submit

• No annual return filing is required

Basic Requirements for incorporation

• Must have a registered agent and registered office in the BVI

• At least one shareholder and director over 18 years old

Annual maintenance requirements

• Register of directors must be filed in the BVI with filing fee however such record will not be available to public

• Notify registered agent for any changes on directorship and shareholding

• Settlement of annual government fees