Offshore Company Business-- BVI Company Registry
British Virgin Islands (BVI) consist of 60 islands and having a total land area of 150km².IBC's are prohibited from carrying on any business with persons residing in the BVI and from owning an interest in real property in the BVI. Registering an offshore company and open an offshore bank account by using BVI, you could obtain lots of advantages as below:
• No tax and filing requirement
• Only one shareholder and director is required.
• Corporate shareholder and director is allowed.
• Minimum issued and paid up share capital required is US$1.
• No mandatory requirement in preparing financial statements or appointing auditors.
• Totally exempt from BVI income tax and stamp duties (if no business in BVI)