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BVI Company

Overview

Official Name:

British Virgin Islands or (B.V.I)

Capital:

Road Town, Tortola

Official Language:

English

BVI Currency:

US Dollar

BVI Main Industry:

Offshore Financial Services

Population:

22,016

Advantages Of BVI Company Incorporation

  • No Tax Shall Be Declarable And Payable
  • Registered Capital Is Not Required, And Bank Accounts Can Be Opened All Over The World
  • Companies Can Use Chinese Names
  • It’s Not Required To Submit Audited Accounts
  • Privacy Protection Is Provided, And It’s Not Required To Disclose The Identity Of Shareholders And Directors

General Requirements

  • There Shall Be At Least One Shareholder And Director Over 18 Years Old
  • There Shall Be A Local Person Or Company To Act As Agent

Standard Authorized Capital

USD50,000

Required Information and Time for Incorporation

  • Chinese And English Names Of Company
  • Copies Of ID Cards Or Passports Of Shareholders And Directors
  • Registration Of Company (Requires 10 Days Or So)
  • Purchasing A Shelf Company (Requires 3 Days Or So)

Annual License Fees

Payable in each year following the year of incorporation.

  • For Companies Incorporated Between January To June, Fees Are Payable By May.
  • For Companies Incorporated Between July To December, Fees Are Payable By November.
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