According to the demonstration of related investigation, offshore company incorporation has already become one of the most popular trends for global enterprises to promote foreign development. To a certain extent, offshore company incorporation can reduce operating costs, so the enterprises can save large sums of tax expenditure by operation of offshore companies.
In recent years, the leading places of offshore company incorporation are in the British Virgin Islands, Cayman Islands, Bermuda, Bahamas, Singapore, British, Mauritius, Delaware, Bermuda, Bahamas, Anguilla, Nevada, Seychelles, etc. Due to a British Virgin Islands (BVI) company is not required to pay tax, nor bound to foreign exchange controls, and information for submission for filing requested by local government is minimal, many multinational companies and persons are attracted to register BVI companies. So the British Virgin Islands have become one of the favorable places for company incorporation for global enterprises. Here we want to share why you should form a corporation in BVI with you.
BVI is a member of the British Commonwealth. BVI applies a legal system based on English Common Law (its Business Company Law includes some terms in Delaware Law), which operates in concert with local acts. Forming a BVI company, you can enjoy the following benefits.
1. Low taxes and saving operating costs: Limited companies enjoy less tax control and BVI companies can also be exempted from all local taxes and stamp duty.
2. Providing Privacy protection: BVI companies can provide enterprises with privacy protection. The information of directors is highly confidential and it’s not required to disclose the identity of shareholders or directors, which can protect the safety of their asset and be convenient for asset transfer.
3. In BVI, the local environment of politics, economy and trade is rather stable. Offshore companies can open their bank account all around the world, which is very convenient for company listed oversea.
4. Ease of operation: There is no statutory requirement to hold annual general meetings. And it’s also not required to submit audited accounts.
5. The company share can be on free sale.
6. With sound facilities of Finance and Law, it is convenient to set up and develop all kinds of financial organizations and foundations.
Due to the formation of a BVI company, you can enjoy a lot of convenience with simple incorporation, high confidentiality and easy operation. Meanwhile, due to the high confidentiality of offshore company, it provides more convenience for enterprises to carry out foreign investment. In short, it can make you totally rest assure of doing business oversea.If you have any concerns on BVI company formation or offshore company registration, welcome to visit http://www.conpak.com. By Kenly Gu