BVI Offshore Company Formation

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BVI companies are commonly used due to their flexible constitutional regime, their ease of administration and their tax exempt status. All transactions relating to transfers of any property, shares, debt obligations or securities are exempt from the stamp duty, with the only exception of the immovable property transactions in the British Virgin Islands.

It is a very popular offshore jurisdiction with flexibility in corporate structure:

  • One director and one shareholder are required for the formation of the company, which can be the same person. 
  • Shareholder(s) and director(s) can be either physical or corporate body. 
  • There is no requirement of appointing local shareholder(s) and director(s) for BVI Companies. 

Benefits of BVI Company Formation

  • A BVI Company has a separate legal personality;
  • There is no obligation for the BVI Company to prepare or submit financial statements or accounts to the local authorities. Such financial statements or accounts may be held anywhere in the world as the Company desires;
  • Shares may be issued in any currency or in more than one currency;
  • Shares may be paid in cash or in kind;
  • The BVI Company, if proper conditions are met, may be redomiciled to any eligible jurisdiction;
  • Confidentiality provisions. (Oxford provides nominee services in order to ensure full unanimity and confidentiality of the beneficiaries). 

For more information about BVI Companies please download our FACT SHEET No.23 BRITISH VIRGIN ISLAND (BVI) COMPANIES.

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