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  • BVI Company Registration
  • Author Date Time:2010-03-24 07:21:57
  • Compass Consulting Limited provides professional service to you for BVI company formation and management. The detail information is as follow.

     

    BVI Overview

    The British Virgin Islands (BVI) is a group of islands in the Caribbean Sea located approximately 80 kilometers East of Puerto Rico. The BVI is a British Dependent Territory which became self-governing in 1967 and is a member of the British Commonwealth. Since introducing its International Business Company (IBC) legislation in 1984, the BVI offshore financial services sector has developed, and is now the world's most popular offshore center with around 700,000 companies incorporated. The newly enacted BC Act should further enhance the jurisdictions popularity.

     

    Advantages of BVI Company

    1, No tax should be declarable and payable

    2, Registered capital is not required.

    3, Bank account can be opened in all over the world.

    4, It's not required to submit audited accounts.

    5,Privacy protection is provided, and it's not required to disclose the identity of shareholders and directors.

     

    Company name

    It is free to make a choice of companies’ names which can include the wording such as international, group, industry, investment, college, association and so on. The company name must end with one of following word “Limited”. In order to attract Chinese investors, BVI government allows applicant to register the Chinese company name. The Chinese name can be revealed in the Certificate of incorporation.

     

    Registered Capital

    The standard registered capital is 50,000 shares according to the new corporation law of 2006. It do not need be paid up.

     

    Director& Shareholder
    At least one shareholder, one director and one secretary is needed for a BVI limited company. A natural person aged above 18 years old is eligible for a shareholder and director or both. Shareholder could also be acted by legal person, as far as corporate structure is concerned.

     

    Registered Address
    The government stipulates that every limited company should have the registered address in BVI. The registered address can be provided by Compass Consulting Limited if needed.

     

    Business Scope

    In principle there is no limitation for the company business scope.

     

    Requirements Documents

    1, Confirm Company name, registered capital.

    2, prepare shareholder(s) ID or passport copy.

     

    Registration Process

    Procedure: Fill in the application form→sign the confirmation letter personally→pay the deposit→transact in the government→finish within 10-15 working days→All the director sign the legal document personally→submit the document to BVI government to file→pay the spare money.

     

    Compass Service

    Compass package services include: Certificate of incorporation; Memorandum and Articles of association of the company; Common seal and atomic seal; Share book; registration address.

     

    Compass Follow-up Service

    1, Open bank account

    BVI Company can open an offshore bank account in many countries. Compass can provide professional service of opening a bank account, including: recommend the bank/ prepare for the opening bank document (certified true copies)/meeting minutes/application form/ arranges the introduction/ can accompany you to open a bank account.

     

    2, Annual Return

    The time of license renewal is divided into two parts: the company registered during the January to June should carry out the annual license renewal before May 1st. While the company registered during July to December should submit before November 1st each year.

     

    CONTACT US

    TEL: 86-20-29050789             Mobile: 86- 18620718759 (24 hours service)  

    MSN: topcompass@hotmail.com     QQ: 859092400

    Website: www.for-copmass.com