BVI 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 Incorporation
Author:xcd   Article source:  Hits:1243  Add time:2009-7-13  

The British Virgin Islands (BVI) are the group of islands located about sixty miles due east of Puerto Rico. The principal islands are Tortola and Virgin Gorda. Road Town is the capital city and financial center of the BVI, located on the island of Tortola, which is connected by a toll bridge to Beef Island and where the international airport is situated. The islands of the BVI were christened by Christopher Columbus when sighted in 1493 on his second expedition to the New World as "Las Once Mil Virgines", in honour of St. Ursula and her maidens who sacrificed their lives for God in 4th Century Cologne. The Crest of St. Ursula is the national symbol of the BVI. The BVI is politically stable; under the 1967 constitution, the Governor represents the Queen and heads an Executive Council. There is 13-member elected Legislative Council.

As a British Overseas Territory with a long history of political stability, the BVI offers all the security traditionally associated with the British flag. The territory is responsible for its own internal self-government, and is governed by a democratically elected Legislative and Executive Council. Democratic elections are held at least once every four years. BVI Law is based on the British Legal System and English Common Law. The court system is made up of a Magistrates Court, a High Court and a Circuit Court of Appeal of the Eastern Caribbean Supreme Court with final appeal to the Privy Council in England. International banking, commercial and financial services are available in Road Town, and communication facilities in the BVI are first rate.

The only significant tax in the BVI is income tax, which applies to the relatively few local companies and to individuals; there are customs duties and some real estate taxes. The population of 19,000 is of mixed European and Caribbean origin. There is minor tension between the settled population and recently arrived Caribbean economic migrants. The economy is highly dependent on tourism, with financial services also important. There is no pressure for constitutional change. The local currency is the US Dollar, and there are no exchange controls.

The BVI introduced its outstandingly successful International Business Company (IBC) in 1984; there are now more than 400,000 IBCs, with Hong Kong and Latin America the main sources of clients. The BVI has significant mutual fund and captive insurance sectors. Banking activity is, by design, quite minor. The BVI has tried hard to exclude money laundering, mostly with success, and has a relatively good reputation. Offshore business uses the International Business Company, the Limited Partnership and the Trust; all are exempt from taxation. In conclusion, the BVI Government has a clear understanding of the value and importance of the Financial Services Sector to the local economy. It is uncommon that any government devotes so much of its planning and resources to make the private sector so globally competitive. Government licence fees and charges by the BVI Companies Registry have remained unchanged and as such are extremely reasonable in contrast with other offshore jurisdictions. It is evident from observing the evolution of BVI law, and its resultant economic activity, that emerging worldwide markets will continue to assist this trend, making the British Virgin Islands a key international commercial and financial business center in the 21st Century.

         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)