Advantages of registering a BVI company

Limited Partnership

(BVI Limited Partnership)
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Ordinary Company

(BVI Business Company)
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BVI Company Registration Conditions/Process/Information

Company registration follow-up services

Annual inspection/license renewal

Annual inspection or license renewal must be reported in compliance with national and regional requirements on schedule, otherwise a fine will be incurred

Accounting and tax filing

After the company is registered, it is necessary to prepare accounts and file taxes according to the requirements of local government units.

Company Changes

Changes in company information (such as address, shareholders, business scope, etc.) during the company's operations

Bank account opening

Opening a bank account in the place where the company is registered is beneficial for the company to accept trade remittances at any time, enjoy local policies or avoid foreign exchange risks

Secretarial Services

Provide comprehensive support services for the company, including but not limited to collecting and processing correspondence between institutions, providing annual review and tax filing services, etc.

Company deregistration

After the company confirms that it will not continue to operate, it must submit relevant information for cancellation in a timely manner to avoid subsequent fines

Advantages and Disadvantages of Registering a BVI Company

Profit

  • BVI (British Virgin Islands) is a place with very stable political, economic and trade environment. It has good financial legal facilities and is convenient for the establishment and development of various financial institutions or foundations.
  • The government protects the interests of shareholders and does not need to disclose the identity of the beneficiaries
  • In order to encourage economic development and attract foreign investment, the local government allows one person to fully own a limited company.
  • The government provides privacy protection for all enterprises, and the information of directors is kept absolutely confidential. With low tax rates, Island International Limited is subject to very few tax controls. Profits earned from overseas operations do not need to pay profits tax, achieving the purpose of reasonable tax avoidance.
  • Companies on the island can open bank accounts anywhere in the world
  • Simple follow-up services, strong confidentiality, tax exemption, stable political and economic environment, global financing and listing

Disadvantages

  • Data is not public: The identity of registered company shareholders, director list, equity ratio, and income status are highly confidential and protected by law. The public cannot query them. The law prohibits the arbitrary disclosure of relevant company materials.
  • Establishment time: The establishment time of a company will be 3 working days longer than that of a Hong Kong company.
  • Cost: BVI fees are higher than Hong Kong companies, and annual review fees are also higher
  • Company termination: If the annual fee is not paid for two consecutive years, the company will be automatically deregistered and all assets will become the property of the government.
Welcome to call us for consultation. We will provide you with professional advice on whether it is suitable for you to register a BVI company based on your company's comprehensive business situation.

FAQs on BVI Company Registration

Not necessarily. The law only requires an English company name, and you can decide whether to use a Chinese BVI company name. Moreover, not every BVI company registration place allows Chinese names.
1. Not be engaged in trust, banking, insurance, military or other similar intermediary businesses
2. Not be an agent of other companies in the local area and provide a registered address in BVI
3. Not be engaged in illegal activities

The British Virgin Islands (BVI) has an open economy, driven primarily by the financial sector, and the tax code has a strong regulatory framework that is very conducive to doing business in the
region .
As a result, offshore companies in the British Virgin Islands do not need to pay income tax. There is also no taxable capital gains tax, and there is no gift tax, inheritance tax, sales tax or
value-added tax .

No. You can incorporate your BVI company from abroad with the help of a professional service provider.

Our advantages

Professional and efficient

According to the needs, we provide customers with professional and fast solutions

Full service

One-stop professional services from company registration to annual review, account opening, audit and tax filing, etc.

Confidentiality and perfection

The confidentiality system is perfect and customer privacy is not leaked

Contract protection

Formal institution, contract guarantee, transparent fees, no hidden costs