BVI Offshore Company Formation - Requirements

• DIRECTOR: Minimum of one Director. Corporations are permitted.
• SECRETARY: A Secretary is necessary.
• SHAREHOLDER: Minimum of one Shareholder. Corporations are permitted.
• Shareholder(s), secretary and director(s) may be the same.
• SHARES & CAPITAL: The standard share capital is USD 50,000.00 divided into 50,000 shares of USD 1.00 each. Shares can be issued with or without par value. Bearer shares are permitted, but now have to be deposited with an authorised intermediary, who must record the identity of the beneficial owner.
• NAME OF THE COMPANY: Must end with one of the following suffixes: Limited or Ltd.; Corporation or Corp.; Incorporated or Inc.; Société Anonyme or S.A.; Sociedad Anonima or S.A.; Besioten Vennootshcap or B.V.; Gesellschaft mit beschrankter Haftung or GmbH; Naamloze Vennootschap or NV.

Other Information About BVI Offshore Companies

• Status of the company: BVI Business Company (IBC).
• Incorporation of the BVI company takes 48-72 hours
• According to the BVI Companies Act of 2004, offshore companies are exempted from all taxes and stamp duties.
• There is no requirement for filing annual returns or audited financial statements with the BVI authorities.
• The BVI incorporation documents do not carry the name or identity of the shareholder(s) or director(s). As such no names appear on the public record.
• The object of the Company is to engage in any act or activity that is not prohibited under any law. A Company in the BVI is restricted from doing business with BVI residents or BVI companies.

BVI Incorporation Package Includes

• Certificate of Incorporation,
• Memorandum and Articles of Association,
• Appointment of the First Director,
• Registered Office service to December following incorporation,
• Registered Agent service to December following incorporation,
• First year Government fees,
• Share certificates,
• The complete corporate package is delivered by express courier.