Offshore in BVI (British Virgin Islands)

Offshore BVI is logged in the law in 1984 International Business Companies. British Virginia Islands offshore practiced two types: resident who pay income tax at a rate of 15%,
income from foreign exchange operations are taxed at a rate of 10% of international business - registered office and agent must be on the islands, the requirements for reporting to the government agencies are not available. In fact, an agreement on avoidance of double taxation is effective only against Japan. Dividends transferred from Japan to an offshore company in the BVI, are taxed at a rate of 5%. The registered office and the secretary are required.

Legal system based on English common law, the English language, currency - the U.S. dollar and the absence of exchange controls make registration of offshore companies in the BVI is very profitable. The government actively encourages the development of financial business, a fixture which is offshore. BVI - a country with a thriving economy (tourism, animal husbandry, fisheries). 

Offshore in the BVI is subscribed in the presence of a witness. Registrar submitted the memorandum and articles of association signed by the registered agent. Personal attendance at owners of incorporation does not require legalization of documents produced by Apostille. 

Join IBC impossible. Registered BVI Business Company, as there are restrictions on the choice of name for the company, so before registration is necessary to consult with experts. 

Offshore in BVI are nekolko types - limited by shares, limited by guarantee or an unlimited company (as with the right to issue shares, and without it). To select the type of offshore company, you should discuss the details of your future activities at professionals. 

Constitutional and equity capital of commercial companies in the BVI: 
The authorized capital of the company is announced, there is no requirement for mandatory payment and establishing minimum and maximum size. The share capital may be expressed in any currency. The minimum issued capital is one share. Nominal value may be omitted. There are some limitations to joint stock companies. 

Permitted and prohibited activities: 
Any activity not prohibited by law, except for transactions with residents of the BVI and real estate in the BVI. A special license for banking, insurance, re-insurance and trust services. An offshore company can not own real estate in the BVI - can only rent the office. 

Taxes and fees: 
The annual registration fee depends on the size of the authorized share capital of the company. For late payment fees penalties. Acting outside the BVI, offshore exempt from all taxes and duties.