BVI International Business Company

General Information 

  • Type of Company - British Virgin Islands International Business Company (IBC)
  • Legislation - Common Law
  • Company name - Non-English company names are allowed
  • Time-scale for incorporation - 2 working days
  • Change in domicile is permitted
  • Double tax treaties - currently none
  • Shelf companies are available
  • Taxation on profits - none on foreign profits

Local Requirements

  • Registered Office is required
  • Company Secretary is not required, but often a secretary is appointed in order to facilitate signing obligations
  • Local directors are not required
  • The location of meetings can be anywhere in the world
  • Public recording of directors is not required
  • Public recording of shareholders is optional

Corporate Requirements

  • Minimum number of shareholders - One (1)
  • Minimum number of directors - One (1)
  • Minimum paid up share capital - N/A
  • Usual Authorised Capital – US$50,000
  • Standard currency of share capital - US$

Annual Requirements

  • It is not a requirement to prepare and file accounts
  • There is no requirement for audited accounts
  • There is no requirement to file annual return
  • Minimum government fees are US$350
  • Cyprus in International Tax Planning
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