Increasingly present in today's world cross-border business development trend, companies are often used to enhance the strength of transnational business, expanding business area. The offshore company incorporated in the enterprise to the world, to conduct international business, enhance its international image, reduce the tax burden on the shortcut, it would become attracted many investors to choose the development model offshore company.
British Virgin Islands (The British Virgin Islands) company registration : registration of the most popular overseas location, close to the market pulse Tuan, by investors, good facilities, adequate professional support.
British Virgin Islands : British Virgin Islands, also known as (THE BRITISH VIRGIN ISLANDS), a distance of about 60 miles east of PUERTO RICO, located in the Caribbean, more than 40 islands, formed by the island, an area of only 155 square kilometers, the population Only 15,000. Island jet lag and time difference between the eastern United States, like many daily flights to and from PUERTO RICO's SAN JUANSAN, JUAN is a straight-through the United States, South America and Europe, international air transit point. British Virgin Islands are under British protectorate, is one of the Commonwealth countries. British Virgin Islands, declared autonomy in 1967, and democratically elected by the legislature composed of 11, produced by the Legislative Yuan, including the Governor and the Secretary of the Executive Yuan 4.
The laws of the island follow the English common law, the highest court of appeal in London's Privy Council.
Because of its double taxation treaty, the British Virgin Islands International Business Companies Act entered into force early in 1984 as a financial center before. In 1984 the local government has developed legislation to the British Virgin Islands international business community to meet the growing demand. Milestone in the development of company law is enacted in 1984 International Business Companies Act, the legal system has proven to be welcomed by the international business community, the British Virgin Islands has become the world's most significant offshore financial centers.
British Virgin Islands registered company:
1. Just a director / shareholder to set up a company, no nationality restrictions.
2. Directors is responsible for the daily business operations.
3. All the minutes will be written on behalf of the local secretary, without having to spend extra time to your production file.
4. Through the end of the meeting signed by the directors, may change at any time, the directors / shareholders, transfer of shares, the company name change and increase capital and so on.
5. Directors / Shareholders meetings can be held anywhere in the world, and may appoint a representative or use of any means of communication to meet (such as telephone, telex, fax, etc.).
6. Directors may by resolution authorized to open bank accounts around the world to conduct financial business investment.
7. The decision by the directors of the records of the company, such as: company accounting records, shareholders / directors remain on the roster anywhere. In addition to director himself, the other person must consent to access to by the directors, a move effectively protect the company's privacy.
8. If a shareholder / director for any reason, unable to exercise its powers, will be the estate, guardian or trustee to prove to the directors of the Company, the legal owner of the shareholders / directors of the identity.
9. Investors can choose registered or bearer shares.
10. Shares issued in U.S. dollars, and the number of shares allocated the necessary consent of the Directors to take effect.
11. BVI offshore companies in all tax-free investment income, and capital flows is not controlled and only need to pay annual fees to the government.
12. No tax reporting statements to the BVI Government.
13. Investors can place in any real estate or other real estate owned, but not with the industry in the BVI territory.
14. Companies in the world, using any currency, to engage in legitimate business.
15. Companies can open a bank account, set up a trust, with time deposits or engage in any lawful investment.
16. Company may pay or receive loans, royalties and rights commission payment.
Up the British Virgin Islands offshore company provides:
1. Registered British Virgin Islands offshore company, the registration must have a registered office address, and must be in the British Virgin Islands, the registered office must have a license.
2. You can choose ready-made company (shell company).
3. Company name not be used with the same or similar companies in the book. You can not use include "Royal" or the government as the name. You can not use the name violated the public interest.
Special Note: You need to obtain permission before using the name: Association of Chamber of Commerce, Chartered, cooperation, Royal, public transport, municipal services, tourism associations, trusts, subway, banks, insurance, fund management, property management and investment funds.
4. Authorized and issued share capital of the standard investment shares is the US $ 50,000, a nominal value. Or at least there is no equity shares of face value 1. Allowed to issue stock types of registered shares and bearer shares with no par value shares, preference shares, redeemable shares, as well as / non-voting shares.
6. DTTBVI double tax treaty signed with Japan and Switzerland, is a double taxation agreement.
7. Directors need at least one, the directors may be natural or legal entity. Nationality restriction need not resident in the BVI. Shareholders need at least one shareholder.
8. In the BVI registered company must have a company secretary, the company secretary can be a natural person or legal entity. Nationality restriction, but must be a local resident in the BVI.
Company Business restrictions:
1. Not engage in any investment transaction in the local;
2. Not in trust, banking, insurance or other intermediary business;
3. Not as the other companies in the local provision of BVI registered agent and address.
Hong Kong Hong Kong |
British Virgin Islands, British virgin Islands |
Cayman Islands Cayman Islands |
|
Minimum number of shareholders |
A |
A |
A |
Minimum number of directors |
A |
A |
A |
Corporate directors permitted |
Allow |
Allow |
Allow |
Standard authorized share capital |
HK $ 10,000.00 |
US $ 50,000.00 |
US $ 50,000.00 |
Taxation on offshore profit |
Zero |
Zero |
Zero |
Add Chinese name |
Can |
Can not |
Can |
Type of Company |
|
International Business Companies |
Exemption |
Is the British justice system |
Is |
Is |
Not |
Registered office |
Need |
Need |
Need |
Submit annual returns |
Need |
No |
No |
Submit audited accounts |
Need |
No |
Need |
Global Bank Account |
Can
|
Can
|
Can
|
Allow companies to move volumes |
Can not
|
Can
|
Can
|