|
|
A.
INFORMATION ON THE STRUCTURES
- Registration: The statutes must be signed by the incorporators
It is mandatory that they (the incorporators) are residents and that they possess a licence. - Type of Company: International Business Company (IBC)
- Legislative source: The International Business Companies Ordinance, 1984
- Authorised suffixes: Ltd, Limited, Incorporated, Inc, Corporation, Corp, SA
- Duration of incorporation: From 3 to 7 open days
B.
TAX
- Tax on profits: Several hundred US$
- Capital gains on yielded subsidiary securities: No
- Retained at source for dividends/interests royalties paid by the company: No
- Taxation of royalties received by the company: No
- Fiscal convention: IBC companies on the Virgin Islands do not benefit from fiscal conventions
C. LEGAL CHARACTERISTICS
- Number of directors: Minimum 1, no restriction with regard to nationality
- Company requiring director: Yes
- Director local resident: No
- Secretary required: No
- Company requiring secretary: Not applicable
- Secretary local resident: Not applicable
- Minimum number of shareholders: 1
- Standard Issued capital: 50.000 USD
- Bearer shares possible: Yes
- Type of shares: Nominative or bearer
D.
MANDATORY LOCAL REPRESENTATION
- Local head office: Required by law
- Local agent/secretary: Required by law
E.
STATUTORY AND BENEFICIARY INFORMATION
- Public information: Statutes, head office, local agent
- Disclosure of economic beneficiaries: No
- Information on statutory modifications: No
F. ACCOUNTING - ANNUAL ACCOUNTS
G.
PROHIBITED
- Trading as a bank without a licence
- Trading as an insurer or re-insurer without a licence
- Act as a domiciliation for other companies
- Trade with the BVI or with BVI residents
- Possess interests, in whatever form, in the BVI
H.
MANDATORY
- Have a head office in the BVI
- Have a local representative in the BVI
- Have an official company stamp
- Have a head office, a copy of the statutes and a description of the stamp
|
