BVI Incorporation Guide


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British Virgin Island Offshore incorporation it is the leading offshore jurisdiction with over 750,000 offshore companies incorporated since 1984.

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BVI Incorporation Guide

  2. 2. OVERVIEW The British Virgin Islands comprise around 60 tropical islands situated in the Caribbean. It is an attractive business and financial centre for international companies and especially popular among maritime companies. British Virgin Islands IBC is a tax-free corporation designed for engagement into all forms of international business, with no reporting and record-keeping requirements and with comprehensive confidentiality features. Rikvin can assist in the opening of corporate bank account with internationally recognised banks such as HSBC, Standard Chartered, Citibank, Citic International, DBS bank and Loyal bank. (Subject to bank due diligences and policies) British Virgin Islands: You can also establish a brokerage account with • All Income is tax exempted Saxo Capital Markets in Singapore. With Saxo, • No Personal or Corporate tax • No capital gains or withholding tax you can trade over 160 currency in the OTC FOREX • No annual reporting or auditing market, and over 13,000 stocks from 24 major is required • Company can be incorporated exchanges around the world including US, Canada in a day (and TSX-V), London and Singapore. For more information: Please note that the Saxo account is not available to US citizens residing in the USA.Last updated on January 11, 2012 Copyright © 2012 Rikvin Pte Ltd
  3. 3. CHECKLIST FOR BRITISH VIRGIN ISLANDS OFFSHORE COMPANY INCORPORATIONOnce you have decided to incorporate a British Virgin Islands offshore company, the following details willhelp you understand the key requirements and the overall incorporation process. Items Description • The proposed company name of your British Virgin Islands Company Name Approval offshore company can be in any language with Roman characters. • Company name ending can have any suffix. Directors • Minimum of one director (Can be individual or a corporate entity of any nationality). No resident director is required. • Any number of additional directors can be appointed. • We also offer nominee director service at an additional fee. • A minimum of one shareholder is required. Shareholders • A director and shareholder can be the same or different person. • A shareholder can be an individual or corporate body. • There is no limit of number of shareholders • Minimum paid-up capital: One share of par value in any currency. Paid-up Capital • Standard Authorised Capital/Shares: 50,000 shares of US$1.00 par value. • We will provide you a registered address in the British Virgin Islands Registered Address at no cost. Documents Required for • Passports and Residential address proof (certified copy*) of Incorporation proposed shareholders and directors. • Details of the parent company if the shareholder is a corporate entity. * Copy may be certified by Lawyer/CPA/Bank or the original must be sighted by us Bank Account Opening • We will assist you with bank account opening for your offshore company in Singapore. Online Resources BVI Incorporation Package | Offshore Company Registration | Offshore Company ComparisonLast updated on January 11, 2012 Copyright © 2011 Rikvin Pte Ltd
  4. 4. WHY CHOOSE BRITISH VIRGIN ISLANDS IBC? Snapshot of British Virgin Islands Type of Company IBC Political Stability Excellent British-based Legal System No Disclosure of Beneficial Owner No Migration of Domicile Permitted Yes Corporate Taxation None Minimum Number of Shareholders 1 Minimum Number of Directors 1 Corporate Directors Permitted Yes Company Secretary Required Yes Registered Office/Agent Yes Local Directors No Local Meetings No Government Filing Register of Directors No Government Filing Register of Shareholders No Annual Return No Audited Accounts No Online Resources British Virgin Islands (BVI) Company Incorporation | Compare Offshore Company SetupLast updated on January 11, 2012 Copyright © 2011 Rikvin Pte Ltd
  5. 5. Helpful Links:Company RegistrationImmigrationAccountingTaxation ServicesOffshore IncorporationRIKVIN PTE LTD20 Cecil Street, #14-01, Equity Plaza, Singapore 049705Main Line : (+65) 6438 8887Fax : (+65) 6438 2436Email : info@rikvin.comWebsite : www.rikvin.comReg No 200100602KEA License No 11C3030This material has been prepared by Rikvin for the exclusiveuse of the party to whom Rikvin delivers this material.This material is for informational purposes only and hasno regard to the specific investment objectives, financialsituation or particular needs of any specific recipient.Where the source of information is obtained from thirdparties, Rikvin is not responsible for, and does not acceptany liability over the content. Copyright © 2012 Rikvin Pte Ltd