The British Virgin Islands belongs to Britain, is a protected area, and is one of the British federal countries. The laws on the island follow the English common law, and BVI's international business company law and tax law design a very flexible system for investors outside the British Virgin Islands, so it is listed as a tax paradise in the world.
The process of registering bvi company
Step 1: Search for company name:
name of the company
Step two. Information to be prepared for a registered company:
Step 3: Submit application materials, review and make documents:
Step 4: Obtain the company registration documents of British Virgin Islands:
List of documents obtained by successfully registering BVI company:
-Certificate of Incorporation of British Virgin Islands;
-Articles of Association of the British Virgin Islands;
-British Virgin Islands shares;
-List of directors and shareholders of British Virgin Islands companies;
Minutes of legal meetings of BVI Company;
Signature seal of BVI company;
—BVI company steel seal.
Advantages of registering bvi company
1. As one of the most popular offshore companies, the British Virgin Islands has the following advantages:
Second, the benefits, advantages and reasons of registering BVI company:
The British Virgin Islands is one of the most popular offshore registration areas in China. Although there are more and more fields to choose from, BVI is still one of the first choices for domestic investors to register overseas offshore companies. Even in the face of stricter account opening policies of banks such as HSBC, according to the statistics of registered agents, the number of BVI companies still accounts for a large part of the number of registered offshore companies. So what are the characteristics of BVI, and what are the advantages and reasons for registering BVI companies?
Financial secrecy: Although the British Virgin Islands has not passed a specific secrecy bill to prevent the disclosure of company information, the government has almost no requirements on the information that companies need to report. So far, the directors' register and shareholders' register of BVI company are not public records. Generally speaking, unless the local Supreme Court or the International Economic Cooperation Organization issues a search warrant or the authorization of the directors, the third party cannot obtain the relevant information of the company, including the tax authorities of various countries.
Legal protection: The British Virgin Islands has an independent legal and judicial system. The local government practices English common law, and the Supreme Court issued an Order in Council for Britain.
No foreign exchange control: the legal tender of BVI is USD, and there is no foreign exchange control on the entry and exit of currency locally.
Tax preference: Companies established under the Commercial Company Law are exempt from all local taxes and stamp duty, such as corporate tax, income tax, profit tax and asset tax. There is no need to apply for local tax and report financial statements to the local government, but only need to pay a license fee every year, the amount of which is determined by the authorized shares and whether to issue bearer shares. If the license fee is not paid in time, the company will be punished and may be removed from the company.
Assets are protected: BVI allows companies to change their registered place and protect assets from expropriation and confiscation by foreign governments. Assets can be transferred from one company to another company, trust, legal person organization, or merged with other BVI or companies established in other regions.
A high degree of confidentiality and privacy: the company does not need to declare the information of any shareholders, directors and senior managers to the local government, nor does it need to file the company's accounts, nor does it need to disclose the beneficial rights to the government unless it is disclosed to the registered agent for the purpose of due diligence. The share register is only available to registered shareholders and share holders or persons designated by the Supreme Court of the British Virgin Islands.
Three. Simplicity of operation, maintenance and management:
Registered capital of BVI company: BVI company has no minimum registered capital limit. Shareholders' capital can be issued at other non-cash prices or in any currency. The standard registered capital is more than 50,000 shares. Capital can be increased or decreased at will through the resolution of the board of directors; Implement the authorized share capital system and set the maximum number of shares that can be issued when registering. In the future, it can be increased or decreased at will without government filing, and the actual funds need not be invested when the company is established, but can be invested at any time during the company's existence.
Shareholders: BVI company must have at least one shareholder, either an individual or a company. The minimum number of shares to be issued is one share, and the shareholders shall not be residents of the British Virgin Islands. The register of shareholders may be kept by the registered agent or by the company itself, and the copy shall be kept by the registered agent. If the registration agent fails to keep the original register of shareholders, the company shall notify the registration agent for filing within 14 days after the change. The register of shareholders is not a public record, and it is only available for inquiry by authorized personnel of directors.
In addition, BVI company does not need to hold an annual general meeting of shareholders, and the general meeting of shareholders can be held in BVI or abroad, allowing the proxy directors to attend the meeting.
The registration procedure is simple: BVI company can be established within 1~2 days, and the company documents will be delivered within 7~ 14 days after its establishment. There are ready-made companies for customers to choose from, so as to start operation in a short time.
BVI company name is free: the English name of a company must end with "LIMITED, CORPORATION, INCORPORATED" or its abbreviation, and the 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.
Company accounts and audit: there is no need to declare manager information, and accounts and annual reports do not need to be made public.
Financing listing: BVI companies are often used in the structure of overseas financing listing. At present, almost all domestic companies that accept overseas venture capital and red-chip listing will use BVI in their offshore structures. Since 20 10, BVI has been listed as one of the acceptable registered places of listed companies by HKEx.
The above is the related content of "benefits, advantages and reasons of registering BVI company". Aobo International is a professional foreign-related comprehensive service provider, focusing on the registration of overseas offshore companies (Hong Kong, BVI, Cayman Islands, Seychelles, UK, etc.). For more questions, please consult our professional consultants for free.
Characteristics of BVI company
1, standard authorized capital and actual capital (subscribed)
The standard authorized capital (nominal registered capital) is generally 50,000 shares, and the actual capital is generally shares with or without denomination. The registered capital of 50,000 shares is the maximum registered capital allowed by the minimum annual license fee.
2. Qualifications and number of shareholders
Only one shareholder (shareholder or member) is needed, and the shareholder can be a natural person, a corporate body or a resident (or company) of any nationality. The personal data of shareholders need not be made public or available for public inspection, but the register of shareholders (or the register of shareholders) must be kept in the company's registered office in the British Virgin Islands (BVI). A company can issue registered or bearer shares, and shareholders, whether natural persons or corporate shareholders, can also serve as directors of the company.
3. Qualifications and number of directors
Only one director is needed. The director can be a natural person, a corporate body or a resident (or company) of any nationality. The personal data of directors need not be made public or open to the public, but the register of directors must be kept in the company's registered office in the British Virgin Islands (BVI), and directors can be shareholders at the same time.
4. Registered agents and registered offices
All companies registered in the British Virgin Islands must appoint a registered agent, who must be a trust company and a registered service company registered in the British Virgin Islands and holding an agency license.
5. Head office
All companies incorporated in the British Virgin Islands must have an address in the British Virgin Islands as the registered address of the company, and the registered office (registered office) must be located in the office of the registered agent in the British Virgin Islands (BVI).
6. Annual declaration
The company does not need to submit any returns or financial statements to the British Virgin Islands (BVI) government, but only needs to pay the corresponding annual license fee (annual maintenance fee).
7. Company name
The company name must end with the abbreviation of Limited, Corporation, Incorporated, Societe Anonyme or SociededAnonima or the above words. Unless specially approved, the company name cannot use words such as insurance, bank, building association, chamber of commerce, franchise, cooperation, empire, insurance, municipal, royal or trust.
8. Tax requirements
Offshore companies in the British Virgin Islands (BVI) are not required to pay any taxes to the British Virgin Islands Government.
9. Privacy
Overseas companies registered and established in the British Virgin Islands enjoy a high degree of confidentiality, and the company's shareholder register is completely closed to the public.
Frequently asked questions about registering BVI company
The British Virgin Islands (BVI) is a well-known international tax haven. Every year, many foreign enterprises or investors gather in the local area to register BVI companies, and internationally renowned large companies choose to register companies in BVI to avoid taxes, thus avoiding complex domestic tax avoidance business activities and reducing the company's operating costs.
Q: Where is the British Virgin Islands?
A:
The British Virgin Islands (BVI) is an island country consisting of more than 40 islands, located about 60 miles east of Puerto Rico, between the Caribbean Sea and the Pacific Ocean, with an area of only 155 square kilometers and a population of only 15000.
Q: What are the advantages of setting up a company in the British Virgin Islands?
A:
The British Virgin Islands is a place with a very stable political, economic and trade environment. Having good financial and legal facilities to promote the establishment and development of various financial institutions or foundations; The government protects the interests of shareholders and does not need to disclose the identity of beneficiaries; The establishment of the company is protected by the privacy regulations of the local government, and the information of directors and banks can be kept confidential; And overseas companies don't have to pay taxes every year. In order to encourage economic development and attract foreign investment, the local government on the island can completely own a limited company; The tax rate is low, and island international co., ltd. is rarely subject to tax control; Do not need the auditor's report, only keep the information reflecting the economic situation; Profits from foreign operations do not need to pay profits tax, and the purpose of reasonable tax avoidance can be achieved in the form of triangle trade; Enterprises on the island can open bank accounts all over the world.
Q: How many shareholders do you need to set up a company in the British Virgin Islands?
A:
To set up a company in the British Virgin Islands, one shareholder can; Chinese mainland people only need to provide valid passports.
Q: Can I register a China company name in the British Virgin Islands?
A:
Companies established in the British Virgin Islands generally use English and French names. Recently, more China people have flocked to register companies on the island, and now the island government has allowed the registration of Chinese names.
Sina, Unicom, Netease, Kingdee, Digital China, TCL International, China Resources Land, China Everbright International, Baidu and Mengniu Dairy all have registered companies in BVI.
Q: Who can set up a company in the British Virgin Islands?
A:
Generally/kloc-shareholders over 0/8 years old (mainland citizens or foreigners with passports) have registered addresses and legal secretaries of limited companies.
Q: What are the requirements for registered capital and share capital for companies established in the British Virgin Islands?
A:
If the registered capital is US$ 50,000, no additional stamp duty on registered capital will be charged; If the registered capital exceeds US$ 50,000, tax must be paid, with a minimum fee of US$ 65,438+0,300; There is no minimum share capital, and any currency can be used as the unit of share capital. When shares are sold, the denomination may or may not be set, and different shares may be sold separately, including bearer shares.
Q: Can the data of directors and shareholders of British Virgin Islands companies be inquired by others?
A:
Overseas offshore companies registered in the British Virgin Islands are not required by law to disclose important information such as the identity of shareholders and directors. In fact, most offshore companies have good laws to protect the privacy of identity information of shareholders and directors.
Q: Can a company established in the British Virgin Islands open an account anywhere in the world?
A:
Of course. However, the bank account can only be applied after the company is established. Generally, directors need to go to the bank in person to open an account, but we can help you open an account through video, such as:
The cost of opening an account in the British Virgin Islands is usually high, and different banks charge different fees.