BVI Offshore Company
(British Virgin Islands)

Frequently Asked Questions

• Is it legal for me to setup an offshore company in the BVI ?
  Absolutely, offshore companie formed in the British Virgin Island are perfectly legal, are recognized internationally and are able to open bank accounts.
• Is a BVI Offshore Company tax liable?
  No, Offshore companies formed in the BVI are exempt from any form of taxation and withholding taxes in the BVI
  
  While a company may not be subject to tax reporting to its local authorities, you should consult with your own tax, legal or accounting advisor to determine whether you are subject to tax in any other jurisdiction including the jurisdiction in which you are a tax.
• What type of company do you register in the BVI?
  The type of companies that we form in the BVI are known as Business Company (BC), commonly known as offshore companies.
• How many directors and shareholders should I appoint on my BVI BC?
  A minimum of 1 director and 1 shareholder should be appointed on a Seychelles International Business Company.
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• Do I need to submit accounting records for a company in the BVI?
  No, there are no accounting requirements. However under Section 98 of the Business Companies Act 2004 (Amended) a company must keep such records and underlying documentation as necessary to establish its financial situation and explain its transactions.
• Will my name be public once I setup a BVI company?
  No, There is no public register of company officers in the British Virgin Islands.
• Do I need to deposit the paid up capital for a BVI company?
  There is no paid up capital requirement. The standard share capital is USD 50,000 but can be amended to fit your requirements.
• Are bearer shares allowed in the BVI?
  No, bearer shares are not allowed in the BVI and tend to disappear from most jurisdicitons.