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Overview


The British Virgin Islands (BVI) is a group of islands in the Caribbean Sea located approximately 80 kilometers east of Puerto Rico. It is a member of the British Commonwealth, which applies a legal system based on English Common Law.

Benefits of setting up a company in BVI: -

  • Absence of foreign exchange controls
  • Can be used as a listing entity in Hong Kong Stock Exchange
  • Company can adopt Chinese names
  • Ease of identifying legal support professionals
  • High privacy protection with minimal disclosure requirement
  • No tax reporting and payable in BVI
  • Not required to prepare annual audited financial statements

 

Basic Information
Political Stability Good
Legal System English Common Law
Official Languages English
Corporate Requirement
Standard Registered Capital 50,000 shares
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Local Company Secretary Required Optional
Local Registered Agent Required Yes
Local Registered Address Required Yes
Disclosure Requirement
Disclosure of Beneficial Owners on Public File No
Disclosure of Shareholders on Public File No
Disclosure of Directors on Public File No
Filing of Register of Director to local government Yes (but not open to public)
Annual Requirement
Annual General Meeting No
Filing of Annual Return to government No
Preparation of Audited Financial Statement No
Tax filing No