BVI Company – Tax neutrality offshore business formation

Offshore jurisdiction is a tax- haven center that offers investors to incorporate businesses in a country outside their residence country. Such an offshore jurisdiction has many beneficial means for business owners and one of them is relief from tax issues. BVI is one of the most popular and sought after offshore jurisdiction. The main factor behind its popularity  as offshore jurisdiction is lower tax liabilities as compared to other offshore jurisdiction. Till the time, more than 6000 companies have been incorporated under BVI. It has a stable financial and legal system. As an offshore jurisdiction, BVI is that famous that other offshore jurisdiction strive to follow its laws. BVI works according to common English language laws and company Act.

A BVI company can be engaged in any kind of international business and can trade with any country worldwide. It has same power like other onshore business entities. The only restriction is that it can neither engage in any kind of business nor it can own real estate property  in BVI country.  BVI offers shelf company or close corporation(cc). A shelf company is already registered with BVI jurisdiction but  never conducted any business until any client buy it. It is free from liabilities and duties incorporated for the purpose of being sold. A client can own a shelf company in place of incorporating a new company.

BVI also offers virtual office facility for BVI companies to provide ground to the business in BVI country. This facility includes full address for business correspondence, telephone and fax numbers, mail and fax forwarding service and customer - support service. All mail or fax correspondence addressed of the Company will be addressed  to client. Apart from the fixed annual service fee, handling costs and charges are applicable, depending in the method of forwarding chosen and the volume of correspondence. The address and fax numbers provided to a client company under this service will usually be shared between several client companies. Forwarding service will only be provided for correspondence that can be clearly identified as addressed to the Company.

Another offerings of BVI company includes :
Asset protection
Tax- neutrality
Client's confidentiality and privacy
Low incorporation fee
Low operating fee
No annual reporting
Provides offshore bank account

Opening an offshore company with BVI is fairly simple. Client selects the type of business and name for his company. The British Virgin Islands allows company name with the word International, Group, Holding, Industrial, Investment, colleges, associations, centers, Institute, limited etc. Along with this, client has to provide required documents and incorporation fee. The standard capital requirements for BVI company  is 50,000 USD. The company must have at least one shareholder and director. Same person can work as shareholder and director. In short, a person needs to submit required documents and provide nominee, shareholder and director for his company. He need not to visit BVI country and all the work is handled by agents hired by him.

After company formation, owner can operate his offshore business from anywhere. Setting up an offshore company in BVI jurisdiction is now easy with Act offshore company provider. BVI company offers full confidentiality and privacy to client's business. Further, it provides asset protection and tax relaxation to client.