Company Registration
Home arrow Jurisdictions arrow British Virgin Islands Company Formations

British Virgin Islands Company Formations

 Print E-mail

BritishVirgin Islands JurisdictionThe BritishVirgin Islands is located in the Caribbean about 90 miles from Puerto Rico. Itis a British Dependency Territory and is English speaking.It is a veryprosperous economy and enjoys one of the highest GDP of US$ 39,000 in theCaribbean. The population of the BVI is 22,000 residents but approx 18,000reside on the main island of Tortola. The capital of Tortola is Road Town.The currency isthe US$. It is a major Offshore Company Formation centre.

However as it is aBritish Crown dependency, it is subject to the EU Savings Tax Directive. Since2001 the Financial Services has been regulated by an independent body (Financial Supervision Commission ). There is nodouble taxation treaty access. Its InternationalBusiness Company  ( IBC ) is governed  by the IBC Act 1990Set out below aresome of the key features of company formation in the BVI

Minimum subscribed members   one
Minimum number of directors        one
Need for directors to be locally based     no
Company Secretary Requirement       Optional
Usual  Authorised Share Capital         US$ 50,000
Paid up Share Capital requirement    US$ 1
CorporationTax      nil
Government Fee     US$ 350
Accounts Required  Yes
Requirement to file accounts   No
Audit Required    No
Annual Return     No

We at RoyalCompany Formations would be happy to assist you in all your Corporate needs inBVI
 
[ Back ]