British Virgin Islands IBC

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.