The British Virgin Islands is one of the fastest growing offshore investment centers in the world. It is an internationally renowned tax avoidance center. According to the laws of the island, all companies incorporated on the island are exempt from all taxes except the statutory annual registration fee (very little)! Therefore, at present, many internationally renowned large companies have set up tax avoidance companies on the island to carry out tax avoidance operations and carry out complex international tax avoidance business activities. China Unicom and other domestic enterprises are listed in Hong Kong under the name BVI.
The British Virgin Islands is located 60 miles east of Puerto Rico, close to the United States Virgin Islands, with a subtropical climate, tortora as its capital and developed highways. The British Virgin Islands consists of 50 islands with an area of 59 square miles, and about 15 islands are inhabited. The largest is tortora, with an area of 2 1 square mile and a population of 1.9 million. The British Virgin Islands is an autonomous and politically stable British colony, which is legislated by an independent Legislative Assembly. It has become an important center for developing overseas business activities. The island's two pillar industries are tourism and offshore company registration. The existence of many major banks in the world and advanced communication and transportation facilities make the British Virgin Islands an ideal offshore financial center. At present, more than 250,000 offshore companies have registered in the British Virgin Islands, making it one of the fastest-growing offshore investment centers in the world.
The biggest advantage of registering overseas offshore companies in the British Virgin Islands (BVI) is that offshore companies can enjoy extremely low taxes or even tax exemption, which is beneficial to various financial scheduling arrangements of enterprises. In addition, offshore companies can have high confidentiality and less foreign exchange control. Since most investments in this area will be exempt from profits tax, companies engaged in holding, finance, insurance and overseas funds generally choose to register offshore companies in this tax haven. Moreover, through specific trust arrangements, trust companies can also avoid paying inheritance tax.
Composition of British Virgin Islands companies: Only one applicant can establish an offshore British Virgin Islands company, and the company name must end with "limited company", such as limited company, company, company 802D or its abbreviation, such as limited company, company or S.A. company name cannot end with "trust company" or "bank" or other words with similar meanings, unless these companies have obtained corresponding licenses in the British Virgin Islands.