BVI Business Company Formation Service
in Hong Kong
The British Virgin Islands (BVI), officially “Virgin Islands”, is a group of around 60 islands located in the Caribbean, the country is a member of British Commonwealth nations. US dollar is the legal currency in the country due to its economy is closely tied to the United States Virgin Islands which are larger and more populous to the BVI.
The BVI government has been developing offshore financial service sector in mid-1980, it passed the famous International Business Companies Act easing regulations of incorporation in BVI and enhancing confidentiality of inbound investment has been widely “borrowed” by other offshore financial hubs. After years of improvement, the replacement “BVI Business Companies (Amendment) Act” was in effect to regulate the international business activities and support the growth of the country.
|Legal System:||British Common Law|
|Currency:||United States Dollar (USD)|
|Time Zone:||GMT -4|
|Government:||Government of Virgin Islands (British Overseas Territory)|
|Offshore Company Regulatory:||British Virgin Islands Financial Services Commission|
|Offshore Company Entity:||BVI Business Company (BVIBC)|
BVI Business Company (BVIBC) is regulated by the latest “BVI Business Companies Act” which has been enacted since 2004.
There are no taxes levied on BVIBC, except annual license fee
There are no requirements for annual returns, annual meetings, or audited accounts.
Bearer shares are allowed.
Chinese company name is acceptable.
BVI Business Companies Act has been under ongoing modification, kindly refer to Legislation of BVI FSC for latest information.
We can incorporation BVIBC in BVI with your choice of name, contact us for quotation.