British Virgin Islands Company Formation Benefits
What are the benefits of British Virgin Islands company formation? With affordable incorporation fees and an efficient timeframe, there are plenty of perks to incorporating in this Caribbean jurisdiction. You do not have to report initial or ongoing changes to the shareholders or directors nor pay any capital gains tax nor death duties or inheritance tax.
What are the other benefits of British Virgin Islands company formation?
You can have bearer or registered shares for your entity. BVI company formation legislation also permits you to hold your company’s annual meetings anywhere in the world. Plus, you can also open your bank account without going to the bank branch yourself to do so. Why else is company formation in the British Virgin Islands appealing?
Some of the other benefits of company formation in the British Virgin Islands are:
- No minimum share capital requirement
- No annual report filing requirement
- No foreign capital restrictions
- No currency restrictions
- Tax-free rent, dividends, royalties, interests or other forms of compensation
- Affordable incorporation fees