British Virgin Islands (BVI) - a British Overseas Territory located in the northeast Caribbean Sea. The legal affiliation of this part of the archipelago with foggy Albion provides BVI with stability and economic trustworthiness. BVI is one of the most popular offshore zones in the world, thanks to its preferential taxation, clear legal system, and simplified reporting.

The activities of BVI offshore companies are regulated by the BVI Business Companies Act. The jurisdiction's government is actively improving the legal framework, which allows attracting an increasing number of non-residents to its territory.

What are the advantages of a BVI offshore

Entrepreneurs registering an offshore company in this region are attracted by the special conditions created on the islands for doing business:

• high level of reputation of the jurisdiction;
• main currency - US dollar;
• zero taxation;
• free account opening in most banks;
• no requirement for minimum authorized capital;
• possibility of legalizing documents by affixing an apostille;
• high level of confidentiality for directors and beneficiaries;
• no residency requirements for directors and shareholders;
• fast and simple company registration procedure, low maintenance costs;
• possibility of using a nominee service - IT-OFFSHORE can help appoint a nominee director and company secretary;
• availability of developed service in the field of registration and maintenance of offshore companies.

How to quickly open an offshore in BVI

Setting up a business in BVI involves a standard set of actions: it is necessary to pay capital contributions and registration fees, prepare a package of documents and submit it to the BVI Companies Registry. At the same time, the personal participation of the company's head is not required - all registration activities can be carried out by an agent. It is also possible to re-register an offshore company if it is registered in another country.

If you plan to open an offshore company in the comfortable jurisdiction of BVI, contact IT-OFFSHORE. The company's specialists will help you open an offshore in the shortest possible time or, if you wish, purchase a ready-made organization.