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Date Created: 12/21/15
BRITISH VIRGIN ISLANDS INCORPORATION GUIDE OVERVIEW The British Virgin Islands comprise around 60 tropical islands situated in the Caribbean. It is an attractive business and financial centre for international companies and especially popular among maritime companies. British Virgin Islands IBC is a tax-free corporation designed for engagement into all forms of international business, with no reporting and record-keeping requirements and with comprehensive confidentiality features. Rikvin can assist in the opening of corporate bank account with internationally recognised banks such as HSBC, Standard Chartered, Citibank, Citic International, DBS bank and Loyal bank. (Subject to bank due diligences and policies) British Virgin Islands: You can also establish a brokerage account with • All Income is tax exempted Saxo Capital Markets in Singapore. With Saxo, • No Personal or Corporate tax you can trade over 160 currency in the OTC FOREX • No capital gains or withholding tax • No annual reporting or auditing market, and over 13,000 stocks from 24 major is required exchanges around the world including US, Canada • Company can be incorporated in a day (and TSX-V), London and Singapore. For more information: http://sg.saxomarkets.com. Copyright © 2011 Rikvin Pte Ltd CHECKLIST FOR BRITISH VIRGIN ISLANDS OFFSHORE COMPANY INCORPORATION Once you have decided to incorporate a British Virgin Islands offshore company, the following details will help you understand the key requirements and the overall incorporation process. Items Description • The proposed company name of your British Virgin Islands Company Name Approval offshore company can be in any language with Roman characters. • Company name ending can have any suffix. Directors • Minimum of one director (Can be individual or a corporate entity of any nationality). No resident director is required. • Any number of additional directors can be appointed. • We also offer nominee director service at an additional fee. Shareholders • A minimum of one shareholder is required. • A director and shareholder can be the same or different person. • A shareholder can be an individual or corporate body. • There is no limit of number of shareholders Paid-up Capital • Minimum paid-up capital: One share of par value in any currency. • Standard Authorised Capital/Shares: 50,000 shares of US$1.00 par value. • We will provide you a registered address in the Seychelles at Registered Address no cost. Documents Required for • Passports and Residential address proof (certified copy*) of Incorporation proposed shareholders and directors. • Details of the parent company if the shareholder is a corporate entity. * Copy may be certified by Lawyer/CPA/Bank or the original must be sighted by us Bank Account Opening • We will assist you with bank account opening for your offshore company in Singapore. Online Resources BVI Offshore Incorporation Package | Offshore Company Registration | Offshore Company Comparison Copyright © 2011 Rikvin Pte Ltd WHY CHOOSE BRITISH VIRGIN ISLANDS IBC? Snapshot of British Virgin Islands Type of Company IBC Political Stability Excellent British-based Legal System No Disclosure of Beneficial Owner No Migration of Domicile Permitted Yes Corporate Taxation None Minimum Number of Shareholders 1 Minimum Number of Directors 1 Corporate Directors Permitted Yes Company Secretary Required Yes Registered Office/Agent Yes Local Directors No Local Meetings No Government Filing Register of Directors No Government Filing Register of Shareholders No Annual Return No Audited Accounts No Online Resources British Virgin Islands (BVI) Company Incorporation | Compare Offshore Company Setup Copyright © 2011 Rikvin Pte Ltd Helpful Links: Company Registration Immigration Accounting Taxation Services Offshore Incorporation RIKVIN PTE LTD 20 Cecil Street, #14-01, Equity Plaza, Singapore 049705 Main Line : (+65) 6438 8887 Fax : (+65) 6438 2436 Email : firstname.lastname@example.org Website : www.rikvin.com This material has been prepared by Rikvin for the exclusive use of the party to whom Rikvin delivers this material. This material is for informational purposes only and has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Where the source of information is obtained from third parties, Rikvin is not responsible for, and does not accept any liability over the content. Copyright © 2011 Rikvin Pte Ltd