British Virgin Island Information
Exemption from taxA BVI Business Company is exempt from the BVI income tax, the same exemption applies to all dividends, interest, rents, royalties, compensations and other amounts paid by a company, and all capital gains realised with respect to any shares, debt obligations or other securities of the company. No estate, inheritance, succession or gift tax is payable with respect to any shares, debt obligations or other securities of a BVI BC. All transactions and instruments relating to transfers of any type of property of assets, shares, debt obligations or securities to or by a BVI BC are exempt from the stamp duty, with a sole exception for land-ownership transactions in the British Virgin Islands, in which case stamp duty remains payable
Legal personality
A British Virgin Islands Business Company has separate legal personality and the same powers as a natural person
Secrecy
Confidentiality is one of the key features of the BVI Business Company as details of the company beneficial owners, directors and shareholders are NOT part of public record. Register of Members, Register of Directors and all Minutes and Resolutions by the Company are kept only at the offices of the Registered Agent in complete confidentiality. Certainly, though, these files are available for inspection to Company shareholders.
The only documents held on public record are the Memorandum and Articles of Association, but these normally do not contain any indication as to the actual shareholders, directors or the beneficial owners of the company.
At the same time, if the owners of the company so wish, the Register of Directors and/or the Register of Members may be filed with the Registrar of Companies. Such step may be desirable if a complete certainly must be achieved and showed publicly as to the actual identities of the Company managers or members - but, again, this is purely optional.
Company Capital
USD50,000 divided into 50,000 share at USD1.00 each. (additional USD 1300 for Company with more than 50,000 shares, with or without par value.) No specific requirement for minimum paid-up capital
Shareholder
Minimum of 1 shareholder. Shareholder and Director can be same person.
Director
Minimum of 1 shareholder. Shareholder and Director can be same person.
Annual Fee
Not require to file annual return and audit report. However, government annual fee applies .
Company Names
A BVI Business Company may not be registered under a name that is identical to the name of an existing BVI company, or is so similar to the name of an existing BVI Company, that, in the opinion of the Registrar, such name would be likely to confuse or mislead. As the BVI Registrar of Companies has a name-reservation system, a reserved name would also be considered as an already existing name.
Without obtaining a prior written consent of the Financial Servies Commission, a BVI Business Company may not be registered under a name that contains a "restricted" word or phrase (according to a published list of such restrictions) - such as the words "Assurance", "Bank", "Building Society", "Chamber of Commerce", "Chartered", "Cooperative", "Imperial", "Municipal", "Royal", "Trust" or any word conveying a similar meaning, as well as any name suggesting the patronage of the British Royalty, British, BVI or any other government or its department.
The Registrar may also refuse the registration of any particular name if, in the opinion of the Registrar, such name is offensive or, for any other reason, objectionable.
Fees
Incorporation Fee:RMB9,100Inclusive of：
· Official registration fee to the BVI Government
· 1 year registered agent and registered address
· Certificate of Incorporation
· Memorandum and Articles
· an original Appointment of the First Director
· Share Certificate
· Register of Shareholders and Directors
· 1 Company Seal and Signature Chop
· Director Consent to Act
· Shareholder Consent to Act
· Minutes of Director Board Meeting
We also provide service for preparing Certificate of Incumbency at HK$2,000.00 (this is required for open bank account in Hong Kong)
Annual Fee:
Company with Capital Under USD 50,000 C RMB 6700
Company with Capital over USD 50,000 C RMB 6700 + USD 750
| For company incorporation date on: | Annaul Fee due on: |
| January to June | Before April 30 every year |
| July to December | Before October 31 every year |
Inclusive of:
1. 1 year of registered agent and registered address
2. Official fee to BVI Government
