The British Virgin Islands BC's are fiercely competitive offshore formation vehicles due to the jurisdictions flexibility and modern financial regulations making the islands one of the most attractive options for registering an offshore company. An individual or company who wishes to form a registered company in the BVI must go so through a registered and licenced agent. The registered agent performs a due diligence and having satisfied all the requirements put forth by the Register, it will produce a certificate of incorporation.
Tax advantages, however, are by no means the only benefit to registering an international business enterprise in a jurisdiction like British Virgin Islands. A typical modern offshore company is a private corporation which is exempt from tax, suitable for virtually any international business activity, has a flexible organizational structure, is not subject to excessive accounting and reporting requirements and maintains certain level of confidentiality with rather limited information available to general public. The BVI offers all of these benefits — and more.
In addition to our local BVI team, we have a Hong Kong team dedicated to and well-versed in offshore operations. This allows our clients incorporated in BVI to enjoy hour assistance. Tricor also provides trust administration and compliance services to family trusts using private trustee companies PTC incorporated in BVI.
A sometimes overlooked, yet critical, aspect of a British Virgin Islands BVI company is the role of its registered agent. Only a registered agent can incorporate a BVI company, and they are essential in its ongoing maintenance. Legally, a BVI company must at all times have a registered agent, except when it is in insolvent liquidation.
The BVI business companies are exempt from all taxes regardless of a source of income. The companies must pay only an annual fee. In case of failure to pay the fee in due time see the table below penalties are charged to the outstanding amount with following striking-off of the company from the register however, provided that all the fees and penalties are settled, the company may be restored in the register.
The British Virgin Islands has a strong offshore regulatory environment. They have a distinct combination of oversight and a laissez-faire approach which makes it both easy to do business — yet reputable with banks and other jurisdictions around the world. The British Virgin Islands has reputable compliance and regulatory body, which makes it very simple and easy to bank with a BVI company.
Thank you for your interest in registering a business entity in the United States Virgin Islands. All business entity registrations with the exception of Exempt Limited Liability Companies shall be submitted to office using its online system, Catalyst, at www. Lien records on file with the division include financing statements, notice of lien, and judgment liens.
The BVI Business Company, governed by the BVI Business Companies Act, and its subsequent amendments, is a widely accepted corporate vehicle among international investment fund managers and investors for its administrative simplicity. The legislation is flexible, with the goal of enticing legitimate offshore activities, and keeping out money-laundering and other criminal activity. There is no single approach that can be applied to every business.
Does anyone have any recommendations of any cargo shipping companies you've used personally? Specifically we are moving from Chicago and we're looking at a 40' container and one vehicle. I have the people from USVI moving center, but there are tons out there and Top of the Line Transport seems to have the most and the highest ratings.