British Virgin Islands

Predominant features and advantages that BVI offers for BVI Business Company:

  • No currency controls. A BVI Business Company is exempt from the BVI income tax, all dividends, interest, rents, royalties, compensations, capital gains realised with respect to any shares, debt obligations or other securities of the company.
  • No estate, inheritance, succession or gift tax is payable with respect to any shares, debt obligations or other securities of a BVI BC.
  • All transactions and instruments relating to transfers of any type of property of assets, shares, debt obligations or securities to or by a BVI BC are exempt from the stamp duty (except for land-ownership transactions in the BVI, in which case stamp duty remains payable).
  • A British Virgin Islands Business Company has separate legal personality.
  • Confidentiality is one of the key attributes of the BVI Business Company as details of the company beneficial owners, directors and shareholders are NOT publicly disclosed. Register of Members, Register of Directors and all Minutes and Resolutions by the Company are kept only at the offices of the Registered Agent in complete confidentiality.
  • The only documents held on public record are the Memorandum and Articles of Association, but these normally do not contain any indication as to the actual shareholders, directors or the beneficial owners of the company.
  • Since 2005, there is no requirement to specify the operational objects of the BVI Business Company in the foundation documents of the Company (Memorandum and Articles of Association).
  • The shareholder's or director's meetings need not be held in the British Virgin Islands.
  • There is no requirement for an Annual General Meeting.
  • Books and records of the company can be maintained anywhere in the world.
  • No requirements for filing annual returns, preparing and submitting accounts, auditing.
  • No need to get certification of the minutes of meeting or the shares book.
  • No minimum or maximum share capital requirement.
  • Registered shares are available. They can be acquired and held by the company itself. Share registers are available only for registered shareholders or by order of the BVI Court.
  • Directors can protect assets by transferring the assets of the company to the trustees, another company or other legal entities.
  • Security of assets, i.e. the ability to protect assets from third parties, including tax authorities of your home country, possibility to transfer domicile or transfer assets to another country or another corporate entity including trust, foundation, association or partnership.
  • Low Government fees and costs.

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Please contact us if you need further advice, have any questions about our services, would like a free consultation or a fixed fee quote.

22 Billet Street
Taunton Somerset

T +44 (0) 1823 321177