Form a British Virgin Islands (BVI) Company
The British Virgin Islands (BVI), is a British overseas territory located in the Caribbean, east of Puerto Rico.
Companies in the British Virgin Islands do not need to file taxes and are not subject to foreign exchange controls. They only need to pay an annual fee to the local government every year. The annual inspection and maintenance procedures are relatively simple. Moreover, the information of shareholders and directors will not be accessible to the public, and the privacy of shareholders and directors is high. Therefore, the British Virgin Islands is currently one of the most popular company registration places in the world.
BVI Company Advantages
1. No accounting and tax returns are required every year, there is no tax;
2. High degree of privacy. The information of shareholders and directors will not be available to the public;
3. Bank accounts can be opened in most parts of the world;
4. Corporate regulations do not require statutory audit;
5. There are few restrictions on the Company’s business, and it can register in a wide range of industries;
6. Reduce personal risks to the Company’s business;
7. The annual inspection procedure is relatively simple;
8. No tax is incurred when transferring assets or shares;
9. Internationally recognized and protected by regulations.