BVI company

BVI (British Virgin Islands), the Chinese name of the British Virgin Islands, is located between the Atlantic Ocean and the Caribbean Sea, with an area of 153 square kilometers. It is one of the members of the Commonwealth of Great Britain. The British Virgin Islands is based on British common law (its business company laws include some provisions of the Delaware laws), and is implemented in conjunction with local regulations.

Since the British Virgin Islands company does not need to pay taxes, it is not subject to Forex control, and the local government requires very little information to be submitted for filing. Therefore, it has attracted many multinational companies and individuals to register BVI Company. At present, the British Virgin Islands has become one of the most popular offshore registration places in the world.

Advantages of BVI Company

  • Provide privacy protection without disclosing the identity of shareholders and directors

  • No need to declare tax and pay any tax

  • No registered capital requirement, and bank accounts can be opened anywhere in the world

  • Chinese company name can be used

  • Audited accounts are not required

  • Reduce initial investment and operating costs

Conditions for BVI Register

  • At least one shareholder and director over the age of 18

  • Representatives of local individuals or corporations

Standard Registered Share Capital

  • $50,000

Information and time required for registration

  • Company name in Chinese and English

  • Shareholder, director ID card or passport copy

  • It takes about 12 days to register a new BVI Company

  • It takes about 3 days to purchase a ready-made BVI shell company

  • You can click here for details about "Bank Account Opening"