SUMMARY OF BRITISH VIRGIN ISLANDS (BVI) CORPORATE FEATURES
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GENERAL
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Type of Company
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BC
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Political Stability
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Good
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Common or Civil Law
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Common
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Disclosure of Beneficial Owner
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No
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Migration of Domicile Permitted
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Yes
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Tax on Offshore Profits
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Nil
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Language of Name
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Latin Alphabet
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CORPORATE REQUIREMENTS
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Minimum Number of Shareholders
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One
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Minimum Number of Directors
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One
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Bearer Shares Allowed
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Yes
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Corporate Directors Permitted
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Yes
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Company Secretary Required
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Yes
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Standard Authorised Share Capital
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50,000 Shares
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LOCAL REQUIREMENTS
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Registered Office/Agent
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Yes
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Company Secretary
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No
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Local Directors
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No
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Local Meetings
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No
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Government Register of Directors
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No
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Government Register of Shareholders
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No
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ANNUAL REQUIREMENTS
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Annual Return
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No
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Submit Accounts
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No
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RECURRING GOVERNMENT COSTS
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Minimum Annual Tax/Licence Fee
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USD350
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Annual Return Filing Fee
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N/A
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For further information or assistance, please call us:
Hong Kong Office: +852 2341 1444
Shenzhen Office: +86 755 8268 4480
Shanghai Office: +86 21 6439 4114
Beijing Office: +86 10 6874 8420
or send email to enquiries@bycpa.com.
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