BVI IBC

The British Virgin Islands (BVI) primary offshore company formation product is the offshore Business Company (BC), also known colloquially as an IBC is one of the most popular destinations for offshore company formation services. The British Virgin Islands BC’s are fiercely competitive offshore formation vehicles due to the jurisdictions flexibility and modern financial regulations making the islands one of the most attractive options for registering an offshore company.

The BVI’s are largely driven by the booming offshore financial sector thanks to its supportive government, strong regulatory system, modern and sophisticated offshore legal framework, and flexible business arrangements all of which has helped make the islands one of the more attractive jurisdictions to form an offshore company.

Key Features

BVI IBC

Corporate Details

General

  • Type of Entity

Business Company (BC)

  • Registered Office in BVI

Yes

  • Shelf company availability

Yes

  • Our time to establish a new company

2-5 Business Days

  • Corporate Taxation

No

  • Access to Double Taxation Treaties

Yes (limited agreements with Switzerland and Japan)

Share capital or equivalent

  • Standard currency

USD

  • Permitted currencies

Any

  • Minimum paid up

US $1

  • Usual authorized

US $50,000

  • Bearer shares allowed

Yes

  • No par value shares allowed

Yes

Directors

  • Minimum number

One

  • Local required

No

  • Publicly accessible records

No

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

One

  • Publicly accessible records

No

  • Corporate shareholder allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

No

  • Local or qualified

N/A

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No

  • Requirements to file accounts

No

  • Publicly accessible accounts
No

Other

  • Requirement to file annual return

No

  • Migration of domicile permitted

Yes

Advantages

  1. No taxes on income, capital gains, nor are there gift taxes, inheritance taxes, sales taxes, or value added taxes
  2. Leading international legal and accounting businesses have a strong presence in the BVI, which enjoys a strong international reputation in Funds and Investments, Corporate Business, Ship and Aircraft Registration, Captive Insurance and Trust and Estate Planning
  3. Regulations and legislation are modern and continually ensuring protection of financial markets
  4. BVI company law is regarded by international investors as being extremely sophisticated and has been copied by other offshore jurisdictions
  5. Information and details on Directors, Officers, and Shareholders are not filed with the BVI Register of Companies
  6. Minimal compliance requirements
  7. No reporting requirements
  8. The sole Director can also be the sole shareholder

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.