{"id":133,"date":"2020-08-12T07:50:17","date_gmt":"2020-08-12T07:50:17","guid":{"rendered":"https:\/\/acrabiz.com\/offshore\/2018\/06\/10\/nothing-compares-to-swedish-summer\/"},"modified":"2020-08-24T06:00:09","modified_gmt":"2020-08-24T06:00:09","slug":"incorporation-in-the-british-virgin-islands-edited","status":"publish","type":"post","link":"https:\/\/acrabiz.com\/offshore\/incorporation-in-the-british-virgin-islands-edited\/","title":{"rendered":"Incorporation in the British Virgin Islands"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">British Virgin Islands (BVI) &#8211; is a British overseas territory in the Caribbean. It is one of the most popular offshore zones. Legally BVI belongs to the UK, which makes it a stable and economically reliable territory. The number of companies registered here has already exceeded one million. Somewhat BVI is an offshore reference zone, the most prestigious and respectable tax haven of the planet, and it is also one of the oldest.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Offshore financial services hold a significant part of the BVI economy. As for the country&#8217;s tax system, it is quite typical for the offshore zone: there is no income tax for commercial companies and individuals, and there are no taxes on capital gains. The only payments required are payroll tax (it amounts to 10% for small enterprises, 14% for the rest), licensing fee, as well as company registration fee.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Overall, the advantages of a BVI-registered company are:<\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li1\"><span class=\"s1\">100% foreign ownership allowed;<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">preferential taxation;<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">no foreign exchange regulations;<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">no minimum capitalisation requirements;<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">a legal system convenient for doing business based on the norms of English law which enables companies to cooperate with financial institutions of any country;<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">no need to file accounts or a financial statement;<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">no audit requirements to renew the company license;<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">ability to open a corporate bank account in any country of the world.<\/span><\/li>\n<\/ul>\n<p class=\"p1\"><span class=\"s1\">From a bureaucratic point of view, registering a business at BVI is simple. You will need one shareholder and one director; the same person can take on both roles. The financial statements of the company can be stored in any country since there are no requirements for its form and mandatory delivery. Notwithstanding, the name of the company should not cause associations with the UK, the government, ministries and departments. If the company is engaged in banking, insurance or trust activities, the appropriate license is required.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Registration (incorporation) of an offshore company at BVI is straightforward. It usually includes a background check, submission of all the documents required and the payment of incorporation fee.&nbsp; Participation of the company head in the incorporation process is optional &#8211; all registration activities can be carried out by the agent.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The documents you need to provide are:&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The Passport of every shareholder\/beneficial owner and director;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The ID of every shareholder\/beneficial owner and director;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Proof of residential address of every director and shareholder\/beneficial owner (must be in English or a certified translation to English).&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">To start your BVI company with Acrabiz, check our services <a href=\"https:\/\/acrabiz.com\/offshore\/incorporation-for-foreigner\/\">here<\/a>&nbsp;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>British Virgin Islands (BVI) &#8211; is a British overseas territory in the Caribbean. It is one of the most popular offshore zones. Legally BVI belongs to the UK, which makes it a stable and economically reliable territory. The number of companies registered here has already exceeded one million. Somewhat BVI is an offshore reference zone, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[6],"_links":{"self":[{"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/posts\/133"}],"collection":[{"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/comments?post=133"}],"version-history":[{"count":4,"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/posts\/133\/revisions"}],"predecessor-version":[{"id":1472,"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/posts\/133\/revisions\/1472"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/media\/1469"}],"wp:attachment":[{"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/media?parent=133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/categories?post=133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/acrabiz.com\/offshore\/wp-json\/wp\/v2\/tags?post=133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}