The British Virgin Islands are a Bristish Dependency situated in the Caribbean approximately 50 miles from Puerto Rico.

Being the most popular offshore jurisdiction means that Government encourages business on the Islands and promises to remain politically and economically stable.

Since 1984 the International Business Companies Act, now replaced by the BVI Business Companies Act 2004 has ensured that the BVI remains as the most popular jurisdiction.

General
Type of entity IBC
Type of law Common
Minimum government fee US$350
Corporate taxation Nil
Double tax treaties None
Name requirements Limited, Corporation, Incorporated, Societe Anonyme, Sociedad Anonima (or appropriate abbreviations)
Name restrictions Assurrance, Bank, Building Society Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal, Royal
Change in Domicile permitted Yes
Share in capital or equivalent
Standard currency of share capital US$
Permitted currencies of capital Any
Minimum paid uip share capital US$1
Usual authorised share capital US$50,000
Directors or Managers
Minumum number of directors/managers One
Local directors required No
Government register/pubic record of directors/managers No
Location of directors/managers meetings Anywhere
Members
Minimum number of shareholders/members One
Government register/public record of shareholders/members Optional
Location of members meetings Anywhere
Company Secretary
Company secretary required Optional
Company secretary, local or qualified No

 

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