Benefits of Company Formation in BVI

• Tax efficiency
• Minimum ongoing compliance requirements
• Exemption from capital gains tax, inheritance tax and death duties
• All dividends, interest, royalties, rents, compensations and other amounts are exempt from the payments of income tax
• Details about directors, officers and shareholders remain confidential
• Only one director is required
• Only one shareholder is required
• The sole director can also act as the shareholder
• No limitations as to nationality or residence of company directors or shareholders
• Board meetings can be held anywhere in the world
• Both corporate entities and physical persons can be company directors, shareholders and secretaries
• Beneficial owners are allowed
• No requirements to appoint any operating officers
• No requirements to hold annual general meeting
• Meetings can be held by telephone, e-mail, fax and other telecommunication means
• Books and records of the company can be maintained anywhere in the world
• No requirements for filing annual returns, preparing and submitting accounts, auditing
• No need to get certification of the minutes of meeting or the shares book
• No minimum or maximum share capital requirement
• No issued share capital requirement
• No requirement to maintain registers of directors and officers
• No foreign exchange control