Advantages of British Virgin Islands (BVI) Company
These are some of the general advantages of the British Virgin Islands (BVI Company) over many other offshore financial centres :
• No tax and filing requirement
• Only one director and shareholder is required.
• Corporate director and shareholder 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).