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BVI Company Formation
Part of the Virgin Islands archipelago, the British Virgin Islands (BVI) is a British Overseas Territory that is self-governed and autonomous in all respects except for security, foreign affairs and defence. One of the few tax havens to directly fall under British government control, the British Virgin Islands are one of the most politically stable and economically territories in the Caribbean.
The island state's financial services sector is the biggest and most important sector of the economy, slightly edging out the tourism industry - a full 51.8% of Government revenue comes directly from licence fees for offshore companies.
|The majority of offshore companies operating in the BVI take the form of an International Business Company, or IBC. BVI legislation covering the establishment and operation of IBCs are similar to the laws found in other Caribbean jurisdictions, offering all the same benefits and features. What makes BVI IBCs so popular is the island's economic and political proximity to the UK, its English-based legal system, superior infrastructure, and high-tech and international offshore banking sector.|
IBCs registered in the British Virgin Islands are completely exempt from any local taxes, and the assets of the company can be domiciled anywhere in the world. No requirement exists to maintain a local BVI bank account and there are no disclosure requirements, no minimum capitalization regulations, and no prohibitive license fees.
According to the laws laid out in the BVI IBC Act of 1984, offshore companies are exempted from all taxes for the period of 20 years after incorporation. All these features make BVI IBCs ideal for asset protection or international investment vehicles.
Our offshore company formation experts at Fast Formation are on hand to guide you through every step of company registration with the British Virgin Islands. Under normal circumstances, with all the forms and paperwork arranged, a BVI IBC can be incorporated and registered in as little as three working days. Our team at Fast Formation are more than just company creation agents - we offer our clients a range of ancillary services to help them manage their BVI based companies after incorporation. We are dedicated to offering all our clients a quick turnaround time, competitive fees and a fully rounded service from our experienced company formation agents.