Overview
|
| Population: |
approx 25,000 |
| Currency: |
US dollars |
| Language: |
English |
| Time zone: |
GMT minus 4 |
| Center’s expertise: |
Well regulated, plenty of expertise, popular with corporate |
General Requirements
|
| Types of entities: |
International business companies and companies limited by shares are most common entities |
| Type of Law: |
Common Law |
| Shelf company available?: |
Yes |
| Time to establish a new company: |
1 – 3 working days |
| Taxation |
Nil except for payroll tax for companies doing business in the BVI |
| Double taxation agreements: |
None |
| Forex restrictions: |
None |
| Language & name restrictions on companies: |
None apart to avoid confusion with existing names; non-Roman script may be used |
Share Capital
|
| Permitted currencies: |
Any |
| Minimum paid up: |
US one cent for IBCs with US$ denominated capital; not applicable for new BCA companies |
| Usual authorized capital: |
50,000 shares (IBCs, $50,000; BCA companies do not have authorized capital, only authorized shares) |
Directors and Personnel
|
| Minimum number: |
1 |
| Local required: |
No |
| Company secretary & qualifications: |
None, although a BVI registered agent and registered office |
Shareholders
|
| Minimum number
|
1
|
| Publicly accessible records
|
No
|
AGM
|
| Minimum number: |
1 |
| Disclosure requirements |
None |
| Publicly accessible records: |
No |
| Obligations for annual meetings: |
No |
| Location of AGM: |
Anywhere |
Accounts
|
| Requirement to prepare: |
Some regulated entities only |
| Audit requirements: |
Some regulated entities only |
| Account filing obligations: |
Some regulated entities only |
| Publicly accessible accounts: |
Some regulated entities only |
Other
|
| Requirements to file annual return: |
No |
| Change in domicile permitted: |
Yes |
| Need for registered office: |
Yes, and registered agent in BVI |
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