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Required Documents for Registering a BVI Company

Due to the International Business Company Act and tax laws in BVI, a highly flexible and elastic system has been designed specifically for investors outside BVI. Therefore, it is considered one of the world's "Tax Havens" along with other British territories such as Cayman Islands, Bermuda, Jersey, etc.

The proposed company name; please provide two or three alternative company names. The company name can be in English only or a combination of Chinese and English.
Photocopies of the identification card or passport of shareholders and directors, along with proof of current residential address.
Legal capital of the company, amount of issued capital, and the percentage distribution of shares.
Purpose of registering the company, for example, "Trade."

Registration Process for a BVI Company

STEP 01

Submit Registration Power of Attorney
STEP 02

Sign Agreement
Pay Registration Fees
STEP 03

Government Department
Processing Procedures
STEP 04

Directors Personally
Sign Legal Documents

The benefits of registering a BVI company

Due to the International Business Company Act and tax laws of BVI, which specifically designed a very flexible and flexible system for investors outside of BVI, it is listed as one of the so-called "Tax Heavens" in the world, along with other British countries such as Cayman Islands, Bermuda, and Jersey.

High Confidentiality

Highly confidential advantage, BVI maintains a high level of confidentiality for beneficiary information, and it's not searchable.
Reasonable Tax System

BVI companies have convenient business operations and a reasonable tax system.
Closely Aligned with Market Pulse

BVI companies operate under English common law, closely aligned with market trends, and are well-received by foreign investors.
Asset Protection

BVI companies provide maximum asset protection and facilitate easy fund transfers.
No Declaration Required

BVI companies do not require the declaration of beneficiaries, annual profits, or financial conditions.
Tax Benefits

BVI companies enjoy tax benefits: offshore BVI companies are not subject to taxation and are not restricted by foreign exchange regulations.
No Submission Required

BVI companies do not need to submit annual reports or accounting records, nor do they need to hold annual meetings.
Convenient and Flexible

BVI companies are flexible, and company shares can be freely bought and sold.

Pros and Cons of Registering a BVI Company

Advantages of registering an offshore company vs Disadvantages of registering a BVI company

1. BVI (British Virgin Islands) provides a stable political, economic, and trade environment.
2. It has excellent financial legal facilities, facilitating the establishment and development of various financial institutions or foundations.
3. The government protects shareholder interests, and beneficiary identities are not disclosed.
4. To encourage economic development and attract foreign investment, one person can fully own a limited company.
5. The government provides privacy protection for all enterprises, ensuring strict confidentiality of director information.
6. Low tax rates, with minimal tax control for international limited companies on the island.
7. Only need to retain information reflecting economic conditions.
8. Profits from operating abroad are not subject to capital gains tax, achieving tax planning purposes.
9. Island companies can open bank accounts worldwide.
10. Follow-up services are simple, highly confidential, tax-free, politically and economically stable, enabling global financing and listing.
1. Non-disclosure of data: Shareholder identities, director registers, shareholding ratios, and income status are highly confidential and legally protected, making them inaccessible to the public.
2. Establishment time: The company's establishment time will be 3 working days longer than that of a Hong Kong company.
3. Cost: BVI costs may be higher than Hong Kong companies, with higher annual audit fees.
5. Company closure: If annual fees are not paid for two consecutive years, the company is automatically deregistered, and all assets become government property.
6. Bad Country List: BVI is listed on the bad country list, affecting the international reputation of a BVI-registered company.
Whether registering a BVI company is suitable depends on the overall business situation, and inquiries are welcome.

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Registering a BVI Company

Required Documents for Registering a BVI Company

Registration Process for a BVI Company

STEP 01

STEP 02

STEP 03

STEP 04

The benefits of registering a BVI company

High Confidentiality

Reasonable Tax System

Closely Aligned with Market Pulse

Asset Protection

No Declaration Required

Tax Benefits

No Submission Required

Convenient and Flexible

Pros and Cons of Registering a BVI Company