Set Up a Company in the BVI |
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International business people set up a company in the BVI as a tax-efficient corporate solution. The following information will help you determine whether or not to set up a company in the BVI: |
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Advantages to Set Up a Company in the BVI |
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| 1. | International entrepreneurs form a company in the BVI because it is one of the most flexible offshore corporate solutions available. |
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| 2. | A BVI company is a legal corporate structure with no annual reporting, accounting or auditing requirements. |
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| 3. | There are no minimum capital requirements to set up a company in the BVI. |
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| 4. | Only one shareholder and director is required to set up a company in the BVI. The shareholder and director can be the same person, can be a corporate body and can be 100% foreign. |
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| 5. | Some international entrepreneurs set up a company in the BVI to book international profits without paying tax. |
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| 6. | A resident company secretary is not required to set up a company in the BVI. |
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| 7. | Having set up a company in the BVI, the entity can be run from anywhere in the world. |
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| 8. | After complying with various OECD guidelines, and the signing of 16 Tax Information Exchange Agreements (TIEA), BVI was recently added to the OECD white list. This may assist with negating perceptions of BVI as a tax haven.
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| 9. | Having set up a company in the BVI, Healy Consultants can assist our clients to open corporate bank accounts around the world with international reputable banks such as HSBC, Standard Chartered and Citibank. |
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Disadvantages to Set Up a Company in the BVI |
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| 1. | The BVI is internationally perceived as an offshore tax haven. |
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| 2. | Having set up a company in the BVI, the entity cannot trade in the BVI or own property there. |
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| 3. | Having set up a company in the BVI, the entity cannot undertake activities which require licensing eg banking, insurance, trust management or investment advice services. |
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Contact Us |
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For more information to set up a company in the BVI, email email@healyconsultants.com or call (+65) 6735 0120.
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Back to BVI Company Formation page. |
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Buy Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com
