:
registration of legal entity

Стоимость регистрации Стоимость со второго года Количество директоров Налог на прибыль Оплаченный УК Бухгалтерская отчетность
1195.00 USD 1170.00 USD 1 0.00% Нет Нет

Company registration in the BVI

bva.jpgLaw & Trust Company is engaged in registration of companies in offshore zones and economic regions with reduced taxation rates for non-residents.

Offshore company in the BVI has whole range of advantages for successful implementation of various business ideas, and among the advantages there are the following:

 

  1. The tax rate of the BVI equals to zero, which allows to retain all the profits for the subsequent development of own company.
  2. Any information about the BVI company, its founders, beneficial owners and managers is encrypted and hidden from wide audience, and the privacy policy is strictly observed.
  3. Non-residents are allowed to register offshore companies in the BVI in any sphere of activity permitted by the legislation of the state. The work in some sectors requires additional licensing, and detailed information can be clarified by the lawyers of Law & Trust company.
  4. Offshore companies in the BVI can be established by non-residents or citizens of the country, and it is possible to re-register the company outside the borders of the islands.
  5. The level of minimum authorized capital in the British Virgin Islands is not prescribed in the constituent documents, and as a consequence, the owner of the company should calculate its amount by himself and transfer to the bank account.

Offshore company in the British Virgin Islands: Requirements

The procedure for registration of the company in the BVI is rather simple, but the legislation is constantly amended, which should be monitored and taken into account in due time. Thus, the last amendment led to stricter rules for identifying investors.

Now when registering companies in the BVI, the beneficial owners are obliged to provide bank statements from the accounts of those banks where they are clients for at least six months. In addition, confirmation of registered addresses of the founders and complete package of their personal data are required.

Advanced regulations of the BVI prescribe the following conditions:

  1. Offshore companies in the BVI shall have the office registered in the territory of the islands.
  2. Before submitting application for the establishment of new company, it is necessary to appoint the shareholder and the managing director, and there are no requirements for citizenship of the management.
  3. Offshore in the British Virgin Islands is not entitled to invest in real estate, which means that the acquisition of land and buildings in ownership is forbidden, but it is possible to rent premises in order to register the physical address of the office.
  4. The name of offshore in the British Virgin Islands should be prepared in advance and it is necessary to provide several variants for consideration. When preparing the name, it is prohibited to mislead potential target audience, use the names consonant with those of existing companies, and use a number of words, the list of which can be clarified by the telephone of our office.

Selection of organizational and legal form for offshore company

When registering company in the BVI, the IBC form is predominantly used. This is the analogue of limited liability company, and the full name of the type of company is International Business Company. The establishment and operation of this type of company are governed by the BVI Business Companies Act of 2004. Among the main rules of the above legislation and the characteristics of the offshore company in the BVI, there are the following:

  1. The company name should end with the abbreviation indicating its form of activity, namely: Limited, Incorporated or Corporation (LTD, Inc and Corp, respectively). The regulation admits the preparation of names in Chinese.
  2. The amount of the authorized capital equals to 50,000 US dollars on the average and is not required to be paid. The contribution to the local bank account is made upon the desire of the founder, as mentioned above.
  3. Issue of registered shares is allowed, and bearer shares are not used.
  4. When registering company in the BVI, its participants should be the following persons: 1 shareholder and 1 director. Legal entity can act as the latter, and it is possible to appoint nominee directors and shareholders.
  5. Zero taxation does not require audit and submission of annual reporting declaration in accordance with the set forms.

The procedure for establishing company in the British Virgin Islands

The client shall apply for Law & Trust company in order to register offshore company in the British Virgin Islands. The application form can be provided by our lawyers. In addition to the filled in form, full package of documents regarding founders and beneficial owners is provided. The collection of documentation is carried out by the specialists of our company on the basis of the power of attorney formally authorized by the signature.

The term of offshore registration in the British Virgin Islands equals to several days without taking into account the preparation of documentation. The duration of collection of the documents starts from 3-5 days and depends on the extent of the package, as well as the organizational and legal form of business. When establishing, the following expenses shall be taken in account:

  1. Payment for registration agent services.
  2. State fees for consideration and decision-making regarding the application.
  3. Legalization of the package of provided documents by means of apostilization.
  4. Production of seal and maintenance services for the company, as well as notarial service, if necessary.

In addition, it is possible to certify the offshore in the BVI, and it will further be required to renew the registration of the company in local governing authorities.

It is possible to obtain detailed information concerning each of the stages of establishing business in the British Virgin Islands free of charge and promptly. Legal consultation from the lawyer of Law & Trust company will help to determine the initial stages of registration, and complete legal assistance helps to avoid mistakes in filling out documents and interacting with local banks.

Set of documents
   
  • Certificate of incorporation 
  • Memorandum and Articles of Association 
  • Apostille of the bound set of copies of Constitutive documents 
  • Subscriber’s Resolution 
  • Apostilled Director’s Resolution 
  • Share Certiciates 
  • Resolution of first shares allotment 
  • Articles of Consolidation 
  • Plan of Consolidation 
  • Written Resolutions of the sole Shareholder (Письменное решение единственного Акционера)
Nominee director and shareholder
 

Price: +400 USD

 
  • Resolution effecting the issuing the Power of Attorney 
  • Apostilled Power of Attorney 
  • Consent Letter 
  • Director Resignation Letter 
  • Nominee Director’s Declaration 
  • Deed of Trust 
  • Instrument of Transfer 

General information
Square153.00
Population31 148.00
CapitalRoad Town
Unemployment3.60
State polityConstitutional monarchy
Telephone code1 284
locationCaribbean, between the Caribbean Sea and the North Atlantic Ocean, east of Puerto Rico
ClimateSubtropical; humid; temperatures moderated by trade winds; avg. maximum temperature (August) +29°; avg. minimum temperature (January) +22°
Literacy rate97.80%
Ethnic groupsBlack 83.4%, white 7%, other 9.6% (includes Indian and mixed) (2004 Census)
National currencyUSD
USD exchange rate1.00
GDP per capita25
Official languageEnglish
Credit ratingN/R
The judiciaryEastern Caribbean Supreme Court, consisting of the High Court and Court of Appeal
Executive authorityThe Executive Council, headed by a governor appointed by the British Foreign Office, and consisting of a Chief Minister, three ministers and the Attorney General
Legislative authoritiesunicameral Assembly consisting of 13 elected members for 4 years and 1 incoming officio members (the Attorney General)
Corporate information
Opportunity to purchase ready-made companiesYes
Legal systembased on English Common Law with local modifications and local statutes
Terms of purchasing ready-made companyдве недели
The use of the Cyrillic alphabet in the nameYes
Local registered officeYes
Organizational and Legal Forms1. The company limited by shares; 2. Company limited by guarantee; 3. Hybrid company - limited by guarantee, with the right to issue shares; 4. Unlimited company, without the right to issue shares; 5. Unlimited company with the right to issue shares; 6. Companies with limited objectives of the (special legal entities); 7. Segregated portfolio company.
Terms of registration1 - 5 days
Indication of BPA in the name«Limited», «Corporation», «Incorporation» or «Incorporated», and «Societe Anonyme», «Sociedad Anonima», «Gesellschaft mit beschrankter Haftung» or abbreviation «Corp.», «Ltd.», «Inc.» , «SA» or «GmbH».
Prohibited expressions in the nameAssurance, Bank, Building Society, Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal, Trust, Royal, or other similar in meaning to the word, as well as any words implying the protection of the British royal family, government BVI ​​or the UK, any other authority.
Local registered agentYes
The information required to be kept at the registered officea copy of the register of directors, shareholders, bail bonds company, a copy of the memorandum of association and articles of association and the company's seal
Shares and share capital
Standard currencyU.S. Dollar
The minimum amount of the issued capital1 share
Bearer sharesNo
Terms of payment of the issued capitalpayment terms are defined in the memorandum of association or the company's charter
The usual size of the authorized capital50000
Usual nominal value of sharesUSD 1
Possibility to issue shares without par valueYes
Taxation
VATNo
Basic corporate tax rate0.00%
Capital gains taxNo
Currency controlNo
The tax on personal incomePayroll tax for companies which involved local staff
Government dutyFixed annual fee - $ 350
Stamp dutyNo
Director and Secretary
Minimum number of directors1
The requirement for residency directorsNo
Director of legal entities are allowedYes
The data reveals to the local agentYes
Data field to the public registryNo
Meeting / regularity / placePlace, time and method to be defined at the discretion of Directors may be conducted by proxy, by telephone
The requirement for the presence of the SecretaryNo
Requirement to the residense of the SecretaryNo
Requirements to qualification of the SecretaryNo
Legal entity as the SecretaryYes
Shareholder and beneficiary
Minimum number of shareholders1
Data is entered in the public registerNo
Shareholders residency requirementNo
Information about the beneficiary is disclosedNo
Information may be disclosed to the local agentYes
Shareholders-legal entities are acceptableYes
Meeting / regularity / placeheld with regularity, determined by the Director, or at the request of holders of not less than 50 shares, anywhere in the world; can be conducted through attorneys, by telephone or other communication
Reporting
The requirement for filing reportsNo
Open access to reportsNo
Statutory auditNo
The requirement for filing Annual ReturnNo
Open access to the Annual ReturnNo
The requirement for reportsNo
Treaty on avoidance of double taxation (States which signed)3
Membership in the OECDNo
Is it offshore according to Russian legislationYes
Trademark Registration
TM Comprehensive Study TM Registration Request TM Registration Certificate Total
First Class Additional Class First Class Additional Class First Class Additional Class First Class Additional Class
306.00 N/A 1030.50 288.00 0.00 0.00 1336.50 USD 288.00 USD
«TRADEMARK» refers to «Wordmark», «Logo» or «Wordmark + Logo»

Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary.

By using information from this page please read the Disclaimer
uptocall_male.jpg