BVI Company Incorporation
              Home    |    About    |    Foreign company registers    |    Accounting and tax agency    |    Hong Kong company registers    |    Shenzhen company registers    |    
              Overseas company registers    |    H.K. trademark agency    |    Business personal finance loans    |    Payroll, social security registration bid
 中文简体 | 中文繁体 | English Keyword: Search Way:
 News More...
 Answer To Questions More...
 ·How to apply for residence permit
 ·Apply for a working(Z)visa in shenzhen?
 · ShenZhen Taxation & Fees
 ·Which Signs shall not be Registered as T
 ·Which Signs shall not be Used as Tradema
 ·Which Signs can be Registered as Tradema
 ·Meet the Small-Biz-Friendly China
 ·Documents Required of Trademark Registra
 ·Why Register Trademark in China?
 ·How is VAT calculated
 ·What is the VAT rate in China
 ·What is the scope of the Chinese value-a
 ·What are the options for foreign enterpr
 ·What is an equity joint venture
 ·What is a cooperative joint venture
 On-Line Message More...
 ·SZ state tax bureau
 ·SZ bureau of trade and industry
 ·SZ administration for industry
 ·HK Inland revenue department
 ·HK Companies registry
BVI Company Incorporation
Author:xcd   Article source:  Hits:1351  Add time:2009-6-19  

   The British Virgin Islands (BVI) is a group of islands located in the Caribbean Sea . The BVI is a British Dependent Territory which became self-governing in 1967 and is a member of the British Commonwealth . Good banks facilities, political and economic stability make B.V.I. an ideal offshore financial center, Since introducing its International Business Company (IBC) legislation in 1984, the BVI offshore financial services sector has developed, and is now the world's most popular offshore center with nearly 1,000,000 companies incorporated.
1. Free Choice of Company
It is quite free to propose the company names. In consider of investors from different countries, BVI government accept company names in their own language appeared on the Articles of Association, such as Chinese (additional HKD1000 for Chinese name registration) The company name could be comprised of the words like “int’l, group, holdings, industrial, investment, association, center, research center” etc. and should end up with “ limited” or “societe anonyme”, or “sociatedad anonima” .A proposed company name can not be the same as any of the existing name registered at the company registry.
2. Registered Capital
Standard Registered capital:  50,000 shares; no registered capital taxes levied, paid-up capital not required. If the registered capital is over 50,000 shares, USD1450 taxes levied. There is no minimum or maximum share capital.
3. Shareholder and Director
There is no limitation as to the nationality or residency of application. Any one over the age of 18 withholding a passport or ID card could incorporate a BVI company. Each company must have at least one director and corporate directors are permitted. However, under the Business Companies (Amendment) Act 2005 "the New Act", every newly incorporated company will be required to appoint first directors within 6 months of the date of incorporation and the original or copy of the Register of Directors will be required to be kept at the office of the Registered Agent. Details of the directors do not appear on any public record, although there are provisions for optional filing at the Registry of Corporate Affairs of this information if required. The company should have at least one shareholder and bearer shares are allowed. Under the new Act, bearer share certificates will have to be held by an approved Custodian. The Register of Shareholders or a copy thereof should be kept at the office of the Registered Agent. Details of the shareholders do not appear on any public record, although there are provisions for optional filing at the Registry of Corporate Affairs of this information if required. Often, it is advisable to keep the original register in the BVI for stamp duty reasons.
4. Legal Secretary and Registered Address
Each BVI company must have a Registered Agent and Registered Address in the BVI, which is usually provided by TANNET.
5. Activity of Business
There is little restriction as to the business scope of BVI company, you can run business in the following industries such as financial, investment, medical, import and export trading, construction, network, travel, publishing. 
6. Annual Tax and Licence Fee
The legal system is based on the English common law supplemented by local ordinances. There are no taxes levied with the exception of the annual government licence fee which is USD350 for companies with number of shares authorised to issue equal to 50,000 or less. Companies that fail to pay their licence fee by the due date are subject to penalties and will be struck off for non-payment five months after the due date. There are no exchange controls or restrictions on the flow of currency in or out of the territory

         Related Articles  
What are the options for foreign enterprises to establish a permanent presence in China
Why Register Trademark in China?
Shenzhen Xinchengda Financial Consultancy Co., Ltd is a specialized Business Registration agency certified by the Chinese business bureau.
Trademark Registration System
Exclusive Right to Use a Registered trademark
Means of Trademark Application
Which Signs can be Registered as Trademarks?
Who can Apply for Trademark Registration?
Which Signs shall not be Used as Trademarks?
Which Signs shall not be Registered as Trademarks?
Shenzhen XINCHENGDA Business
A Guide to the Shenzhen Wholly foreign owned enterprise
A Guide to the Shenzhen Representative Office (RO)
Service sector welcomes foreign investors
April sees record firm registrations
Innovation contest launched
City cracks down onfire code violations
Registration of new companies highest in April
American finds his own way of success
Police open blog for expatriates
Foreign firm registrations shrink 41% in 1st quarter
Apartment rents drop with falling demand
Deutsche Telekom to open Shenzhen office
HongKong Corporate Formation
Shenzhen link ‘good business sense’
Application form for Incorporation of Hong Kong Limited Cmpany
Hongkong is a gateway to the world busniess
BVI Company Incorporation
Frequently Asked Questions (FAQs)
I have a HK company but all business is carried out not in HK. Should I pay tax in HK ?
Conflicting verdicts in ATM theft
GSK creates Chinese flu vaccine joint venture
Deregistration of a Defunct Solvent Private Company
A Company's Obligations after Registration
Filing of Annual Return by a Non-Hong Kong Company
BVI Incorporation
How to register a BVI Offshore Company
Bermuda Register Company
Tenant evicted with second contract
Incentives proposed for start-ups
Bar owner serves tipplers from near and far
Tax-haven Jersey opens HK gateway
Concerning Establishment of Meetingand Exhibition Company on Foreign Businessman Investment
Approval and Registration of Foreign-funded Companies
Law of the PRC on Foreign-funded Enterprises
Documents for Applying for Foreign-capital enterprise
Measures for Liquidation of Enterprise with Foreign Investment
SHENZHEN Comparative Advantages
Apply for alcohol wholesale license
The chamber of commerce association (in Chinese and English)
Guidelines for Alien Employment in Shenzhen
An automobile joint venture has approved in ShenZhen
Guangdong commercial registration procedures streamlined
ShenZhen's Policy Advantages
Download    |    On-line message    |    Case    |    Websitemap    |
Shenzhen business registration /company register /SZ Accounting & Tax service/86-755-83702077 All rights reserved 粤ICP备05044913号  
Tel:0755-83702077,83702525,83702505,83702506 MSN:LSH734@HOTMAIL.COM SKYPE:XCD-LAN
Fax:(+86) 0755-83702506
Add:28E, HaiXing Tower,shopping center ,NanShan Technology park ShenZhen 518057, GuanDong ,China (Metro:Line 1 ,ShenZhen University)