BVI company is British Virgin Islands company。The conditions for establishing a BVI company are relatively relaxed,Lower setup costs,You can set up with as little as one dollar。Because the international business corporate and tax laws of the British Virgin Islands provide flexibility for investors outside the BVI、Flexible institutional arrangements,The BVI has long been regarded as an important "tax haven" in international offshore structures.。
in practice,engaged in holding、finance、Enterprises engaged in insurance, overseas funds and other businesses,Usually combined with a shareholding structure、tax planning、Financing arrangements and cross-border operational needs,Choose to register your company in an offshore jurisdiction such as the BVI。
BVI company registration conditions
Company name requirements
BVI company name choice is relatively free,Chinese and English company names are allowed,However, the Chinese and English names must maintain a corresponding translation relationship。The company name can include words such as "international", "group", "holding", "industrial" and "investment",You can also add the name of the country or region before the name,For example, "China", "Hong Kong", etc.。
BVI company name must end with Limited、Corporation、Incorporated、Limited Company、Limited Company or the abbreviation of the above words as the end。
Need special attention,Unless special government approval is obtained,Company name must not contain Assurance、Bank、Building Society、Chamber of Commerce、Chartered、Cooperative、Imperial、Insurance、Municipal、Royal or Trust Wait for restricted words。
Company Directors and Shareholders Requirements
- The chairman of the board of directors is the person in charge of the board of directors,elected by shareholders;The number of directors can be one or more than one。
- The shareholder register must be kept at the BVI registered agent;A company can issue registered shares,There is no need to disclose the identity of the beneficiary;The number of shareholders can be one or more。
- Directors and ShareholdersCan be held by natural persons or legal persons;No nationality restrictions for natural persons,But must be over 18 years old。
Registered address and registered agentRequire
- BVI companies must appoint a registered agent。
- The registered address of a BVI company is usually located at the office of the registered agent。
Business scope requirements
- In principle, there are fewer restrictions on the business scope of BVI companies,Can operate any business of any nature under legal conditions。
- involving finance、bank、credit、Business in special industries such as insurance,Requires special government approval。
BVI company annual review time
After the establishment of BVI company,Annual review matters must be handled in accordance with the annual review filing time specified by the British Virgin Islands Government Companies Registry.。Complete annual review on time,It is an important responsibility of every BVI company to maintain good existence.。
When it comes to the annual review of a BVI company, it is necessary to first confirm whether the company's registration and establishment date falls in the first half of the year or the second half of the year.,And handle it according to the following time limit:
- The date of incorporation is the first half of the year,That is, BVI companies from January 1 to June 30,The latest filing deadline is before May 31 of each year;This requirement does not include the year of registration。
- The date of incorporation is the second half of the year,That is, BVI companies from July 1 to December 31,The latest filing time is before October 31 of each year;This requirement does not include the year of registration。
BVI company annual review feesand processing procedures
The annual review procedure for BVI companies is relatively simple。Enterprises usually only need to pay the corresponding annual review fees,Submit documents to the government on your behalf through a secretarial service company。Normally,The government will issue relevant documents in about 15 working days.,Then the customer can wait for the express documents。
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