Why choose a British Virgin Islands Offshore Company Formation?

Main features of British Virgin Islands company registration

• Low corporate taxation rate on profits – just 10%
• No withholding tax on royalties for use outside British Virgin Islands
• No withholding tax on interest
• Credit relief for foreign withholding tax unilaterally
• Carry forward losses indefinitely
• Reorganisation provisions are flexible and tax efficient
• Extensive network of double tax treaties
• Group relief rules available

Services from A1 Company Services

British Virgin Islands (BVI) offshore company formation, nominee director, nominee shareholder bank accounts and mail forwarding

As specialists in British Virgin Islands (BVI) offshore company formations, whether you’re looking for a simple offshore company registration or a complex structure (including offshore Trusts), A1 Company Services can help. We also provide a comprehensive range of admin services for British Virgin Islands (BVI) companies, including the provision of nominee director, nominee shareholder, bank account services and mail forwarding.

Our expert British Virgin Islands (BVI) company formation and company registration team has established affiliations with local British Virgin Islands (BVI) company agents and extensive knowledge of the legal requirements for company formation in the British Virgin Islands (BVI). We also guarantee that all company filing documents and fees are up-to-date and will notify you of any compliance changes in the British Virgin Islands (BVI).

If you require us to take over the management of your existing British Virgin Islands (BVI) offshore company, we can usually do so at no extra cost.

To speak to an expert British Virgin Islands (BVI) company formation/registration advisor, please call 020 8492 6363.

Background to British Virgin Islands Company Registration

British Virgin Islands offshore company formation/registration

A1 Company Services is able to incorporate a British Virgin Islands offshore company. A British Virgin Islands company registration usually takes one to two days, although an off-the-shelf company formation is available for urgent requirements.

Offshore company banking in British Virgin Islands

A1 Company Services saves you time and hassle by working closely with a number of banks, including HSBC and the FBME bank in Cyprus. This means we can incorporate your British Virgin Islands offshore company with a choice of offshore bank accounts.

Anonymity and disclosure in British Virgin Islands offshore companies

The British Virgin Islands is known for its excellent privacy. Offshore British Virgin Islands (BVI) companies are not required to disclose the names of directors and beneficial owners to the registration authorities. There is also no requirement to prepare and file annual accounts, although BVI companies are required to keep financial records to reflect the company’s financial position.

Shares in British Virgin Islands offshore companies

With offshore companies in the British Virgin Islands, there is no minimum share capital requirement but the standard authorised share capital is US$ 50,000. Companies with an authorised share capital up to US$ 50,000 must pay an annual license fee of US$ 350 to the government. Companies with a higher share capital need to pay additional annual fees. The minimum issued capital may be one share of no par value or one share of par value. Bearer shares, registered shares, redeemable shares, preference shares and shares with/without voting rights are all permitted.

If you want to keep your holding share of a British Virgin Islands (BVI) company private, bearer shares are ideal because you don’t have to disclose the beneficial ownership to anyone in the British Virgin Islands (BVI). The details of your shareholding remain private because ownership of bearer shears simply passes by physical transfer.

Recent changes to the bearer share regime in the British Virgin Islands (BVI) do however mean that the name of the beneficial owner would need to be confidentially disclosed to particular bodies, such as financial institutions.

British Virgin Islands Offshore Company Tax Information

Tax benefits of a British Virgin Islands offshore company formation

Located just two miles from St. Thomas and 60 miles east of Puerto Rico, the British Virgin Islands (BVI) is regarded as one of the most reputable offshore commerce and finance centres in the world. The official language is English and as you’d expect, telephone, postal and internet services are good.

The incorporation and administration of the International Business Companies (IBC) in the British Virgin Islands (BVI) is provided by the International Business Companies Act (1984). Under the act, companies are entitled to exemption from income tax.

More recently, in January 2005 further improvements were made to the offshore corporate legislation in the British Virgin Islands (BVI) with a new version of the British Virgin Islands (BVI) Business Companies Act. The new act joins companies operating in the domestic market and companies restricted to international business, removing their distinctions and unifying them as a British Virgin Islands Business Company. All the benefits provided by the previous legislation, including exemption from income tax, are maintained.

Tax liability of British Virgin Islands offshore companies

British Virgin Islands (BVI) Business Companies are exempt from:

• Income tax
• Tax on dividends
• Interest
• Royalties
• Compensations and other amounts paid by a company
• Capital gains*
• Estate tax*
• Inheritance tax*
• Succession tax*
• Gift tax*
• Stamp duties (relating to its activities and assets, with an exemption for land ownership transactions in the British Virgin Islands)

CORPORATE INFORMATION

SHARE CAPITAL OR EQUIVALENT

DIRECTORS

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COMPANY SECRETARY

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