British Virgin Island Corporation
Offshorecorporation.com offers incorporation services in the British Virgin Islands. Learn how to incorporate and find out how business structures of a British Virgin Island Corporation can benefit you.
The British Virgin Island Corporation contains ordinances that are not readily offered in other offshore jurisdictions. A British Virgin Island Corporation provides maximum security of assets. Asset protection through the British Virgin Island Corporation can be achieved by transferring domiciles. The members and creditors of the British Virgin Island Corporation moves its assets to another trust, foundation, company, association of partnership. The directors then consolidate or merge with a foreign corporation or British Virgin Island corporation in the same jurisdiction.
A British Virgin Island corporation is exempt from all local taxes and stamp duty.
British Island Corporation bearer shares provide maximum confidentiality and anonymity. Share registers are only available for inspection by the British Virgin Island Court or by registered shareholders of the British Virgin Island Corporation. Bearer shares do not require any organizational or accountancy information to be filed with the Registrar of Companies(other than the memorandum of Articles of Association).
British Virgin Island Corporations are a premier choice for asset protection and financial privacy.
A British Virgin Island Corporation has many applications. These include trading, financial management, investment, property holding, and copyrighting and/or licensing. There are no prohibitive license fees pertaining to trust and trustee companies for application in private-label trust company, unit and mutual fund situations. In a British Virgin Island Corporation there are no minimum capitalization regulations or disclosure requirements.
Control, maintenance and ease of operation are facilitated by flexible corporate features. British Virgin Island Corporations can take their own shares and re-issue or require them. Shares can be issued in many different ways. These ways include with or without a par value, in any denominated currency, and other considerations other than cash. Meetings for shareholders and directors are not confined to the British Virgin Islands. Books or minutes, records and accounts cab ne maintained elsewhere. Currently there are no statutory requirements to hold annual general meetings.
Four areas in which IBC’s are not permitted to be used are: owning an interest in real property situated in the territory, transacting business with the public in the British Virgin Island, insurance and banking, (unless licensed under the Bank and Trust Companies Act, 1990) or, in the case of insurance, approved under the Insurance Business(Special Provisions) Act, 1991. There are other types of British Virgin Island corporations that can be established for these purposes.
A British Virgin Island Corporation is cost effective when compared with the more traditional centers such as the Bermuda, Cayman, Liechtenstein, Luxembourg, and Switzerland. Fees are similar to Liberia and Panama., Plus the British Virgin Island offers greater assets protection benefits and the British Virgin Island government has greater political stability.
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