Proceeding with BVI company set up can provide the following benefits:
Popular Jurisdiction: The British Virgin Islands Business Company (BVI BC) is the most popular offshore legal entity in the world. Over 40% of all global offshore corporations are registered in the BVI.
English: The official language in the BVI is English.
One Shareholder: BVI corporations are only required to have a minimum of one shareholder.
No Income or Corporate Taxes: BVI Corporations are not required to pay corporate or income tax to the British Virgin Islands government. However, U.S. citizens and others residing in countries that tax worldwide income are required to report all income to their tax authorities.
Clean Reputation: Neither The Financial Action Task Force (FATF on Money Laundering) or The Organization for Economic Cooperation and Development (OECD) has ever blacklisted the British Virgin Islands as a country forming offshore corporations. This means that the BVI has always been considered “white” (clean) by international finance watchdog organizations.
Privacy: BVI corporations do not need to share information about their officers, directors, owners, or shareholders. No information identifying any of these names is filed with the BVI Register so they never appear on any public records.
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