BVI or British Virgin Islands is situated approximately 80Kms from Puerto Rico. Today, it’s a popular destination for offshore company setup and corporate trusts. At present, there are more than 500,000 foreign businesses incorporated on this Island. Today, it has been a thriving destination for offshore company incorporation. Almost 40% of the worldwide companies have set up their offshore company in BVI making it the leading financial centre.
Moreover, BVI partnerships and trusts maintain up quite a reputation due to several attractive features. After the international business companies act of 1984, BVI offshore setup is trending among entrepreneurs. BVI is a semi-autonomous territory, the business and laws are under the oversight of UK, it’s a recognized business hub in the world. BVI also has the additional freedom to keep its own incorporation and corporate tax laws.
The business in Cayman can be a sole trader operation, partnership, or even a limited company. Further, foreign company can also register their branch in the Cayman Islands in order to operate locally.
BVI offers investors to the international business companies (IBC) ensuring excellent opportunity for financial security and confidentiality.
BVI has a stable government, outstanding reputation, and financial privacy. Moreover, a company formed in another country can be converted into a BVI company; similarly, BVI company can be converted into any other offshore jurisdiction.
BVI business incorporation involves a set of processes that every investor should undergo,
It would be a great idea to get assistance from certified experts in offshore business setup. Check out their expertise in BVI’s company formation and related processes. While connecting with an expert consultant, get the following benefits,
Make use of your time and resource
Draft out the budget with a strategic plan
Find quick incorporation solutions
Get strategic inputs and market insights
Secondly, find the apt name for your business. This can be reserved for your organization until you complete the whole registration process. Also, define the purpose of your company.
In order to govern the entire company formation process, you need the assistance of a registered agent.
In the next step, make sure to find the related documents and papers,
Application form for BVI company incorporation
ID proof of directors and shareholders
Address proof of directors and shareholders
AoA (Articles of Association)
MoA(Memorandum of association)
After preparing all the documents, submit all the documents and forms to the registration office. Pay the registration fees and submit all the documents to get the BVI company incorporation certificate.
While starting your offshore business, every business needs a bank account to carry out its transactions. The bank account opening can be done quickly with expert guidance. By opening the bank, you can enter into the international business and carry out it globally.