British Virgin Island (BVI) is situated in the Atlantic Ocean and only 96 km east of Puerto Rico with a population of 25,000. It is the leading offshore jurisdiction with over 750,000 offshore companies incorporated since 1984.
The names of beneficial shareholders of a BVI Offshore Company are not required to be disclosed to the authorities.
Company Setup Requirements for British Virgin Island
|Corporate Directors and Shareholders||Permitted|
|Local Secretary Required||No|
|Local Registered Office||Required (included in our package)|
|Minimum Paid Up Capital||US$1|
|Bearer Shares Permitted||Yes (However, this might create problems with bank account opening )|
|Annual Reporting or Auditing||Not Required|
|Local Tax on Foreign Income||Exempted|
Note: Shareholder(s), director(s) and Corporate Secretary can be the same individual person or a corporate entity.
Offshore companies cannot engage in business in BVI.
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