British Virgin Islands

Principal Corporate Legislation The Act on International Business Companies 1984, amended on 1988, 1990, 1994
Type of Company for International Trade, Investment & Tax Planning International Business Company (IBC)
Authorized business activities All activities are allowed by law
Banking, trusts, insurance - subject
to special license
Prohibited activities Transactions with the residents of BVI, ownership of real estate on the territory of BVI
Language of Legislation and Corporate Documents English
Taxation No tax and duties
Standard share capital 50000 USD, divided into 50000 shares
par value 1 USD
Shares Authorized emission of name shares
Shareholders The minimum number of shareholders is one - individual or legal entity or bearers' shares
Publicly Accessible Records No
Directors One individual or legal entity
Registered office Required on the territory of BVI
Registered agent Required on the territory of BVI
Location of Meetings of Directors and Shareholders At any part of world
Mandatory  
- keeping of accounting records No requirement
- annual account No requirement
- presentation of auditor's conclusion No requirement
Information at disposal to the third party Memorandum and articles of association, the name of the registration office and registration agent
Double Taxation Treaty Access No
Currency control None
Incorporation timeframe 3 weeks
Shelf Companies Yes