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BRITISH VIRGIN ISLANDS(BVI)

Brief Introduction
The British Virgin Island was denominated by Columbus. It is a gathering region of many different people such as Dutch, Spanish, Danes, French and English. The British Virgin Islands is England’s overseas territory with long history, stable politics, high autonomy, developed communication and perfect infrastructure matching with professional support services.
For legal system, the British Virgin Islands implements the common law so as to efficiently transact issues through the business court. Finally cases are submitted to England Privy Council for trail. Besides prosperous tourism, the British Virgin Islands is the most popular overseas companies registration authority for its successful key is flexibility in the globe. 
The British Virgin Islands is known widely by foreign people and famous for its high-quality services and easy laws, which has laid a stable foundation. 
It popularized BVI Business Companies Act in the local in 2004. Local companies began to be incorporated according to the new Act in 2-005. It widely implemented the new Act since Jan.2006.

Advantages and Features 
1. Taxation issues basically do not influence the companies in the British Virgin Islands.
2. The management infrastructure for trust, banks, accountants and fund are perfect.
3. Information confidentiality: The legal person directors can be deputed to assure the beneficiary’s information can be confidential.
4. Identity Confidentiality: the public does not refer Directors or shareholder’s names and identities.
5. The companies’ structure is flexible, for example, limited company, guaranty limited company, mixed company, incorporated separation company and limited purpose company, etc.

6. The incorporation procedure is fast and efficiency.


British Virgin Island (BVI ) Company Incorporation 

General Requirements 
Type of Company Exempt Company                                                                             
Type of Law Common Law
Time to Estblish  10-15 Working days 
Tax on Offshore Profits     BVI company operating/business activities outside, tax are exempted
Foreign Exchange No
Corporate Requirements
Comany Name

Chinese Name allowed(will charge more) the name ended with limited company,such as

 LIMITED,CORPORATION , INCORPORATED 

Min Registered Capital $50,000USD,divided into 50,000shares and value$1USD/share. May issue nominal shares or   bearer shares
Min Number of Director(s) At least one, can be a natural person; Copy of ID card or passport ; Valid address proof
Min Number of Shareholder(s) At least one,can be either a natural person or a legal entity; Copy of ID card or passport ;   Valid address proof; Registered proportion of share
Local Registered Office and Registered Agent Requried Yes
Company Secretary Required   No
Annual Requirements 
Annual Maintenance 

1. May each year:companies registered between Jan.-Jun, to submit the license renewal before 1st, May.

2.  Nov. each year: companies registered between Jul.-Dec., to submit the license renewal before 1st, Nov.

Registered address and Registered Agent Renewal  Yes
Certificate of Incorportion  Yes
Submit Audited Accounts   No
Annual General Meeting   No


More sercvies related to offshare company Incorpoaration and Annual Return, please contact Oden Consulting Firm via (86)021-6199 7083/ Email: master@odenchina.com 


Contact us: 
Shanghai Oden Consulting Firm 
Address: R1603, No.1085 South Pudong Road, Pudong District, Shanghai.
Email: master@odenchina.com
T:021-61997083
Person: Wendy 13661971521
Working time: Monday –Friday (9:00-12:00AM&1:00-6:00PM)


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