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Why British Virgin Islands (BVI)
Studious of the offshore company market, as anyone in this business,
should be CONFIDENTIAL COMPANIES. Yes, you read correctly; not offshore
company formation or IBC's. It states that a "confidential company
allows you to hide the fact that you are the real owner of the company.
Allows you to buy everything everywhere without proving the source of
the money. Allows you to buy real estate/other assets/business without
paying a penny to any authorities (for instance, possibility to sell the
company without informing any country's authorities by just giving the
company's documents to the buyer". It further says that the confidential
company is "cheep to register and cheep to maintain". [source
from "The IBC Review 1"]
International Business Companies ("IBCs") are essential to commercial
life; a business person that never used an IBC hass probably not received
quality professional advice. It is also important for thousands continuing
to use IBCs to make sure that some things don't change. There are de rigour
elements to determine the usefulness of the IBC and worthiness of its
origin: Political stability in the jurisdiction; good communications;
availability of professional and technical support; reputable track record
of the jurisdiction; and compliance with international standards. These
qualities are shared with other jurisdictions, especially the Belize IBC,
in relation to FLEXIBILITY and QUALITY IFS PROVIDERS. [source from
"The IBC Review 1"]
FLEXIBILITY
Jurisdictions, such as BVI/Belize, offer the possibility to form offshore
companies with either registered, bearer shares, or both. Most jurisdictions
have abolished this possibility and others, might as well have. Knowledgeable
IFS providers know best when a company should keep bearer shares and when
it is most appropriate to register them, or to use nominee shareholder.
QUALITY IFS PROVIDERS
When introducing a jurisdiction, one of the major concerns is the availability
of sound professional resources. Many jurisdictions cannot offer basic
services such as professional audits etc.. BVI boasts quality professionals,
a reputable banking system, major accounting firms and tranined corporate
services staff. After all, Companies Act and other Law Reforms have made
great improvements on the creditors protection and the usage of the IBCs.
CHARACTERISTICS
IBCs are having following characteristics, which are haing advantages
over other jurisdictions:-
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No disclosure of beneficial owners (information
remains at the Registered Agent and only disclosed as by Court Order
/ by Other Respective Regulations)
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Nominee Services allowed
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No tax on offshore profits
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Company name registered with Chinese allowed
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Minimum number of director being ONE
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Minimum number of shareholder being ONE
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No requirement to file Annual Return
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No requirement of annual audit
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Bearer shares allowed (with higher cost)
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May incorporate with Chinese company name
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Jurisdiction Well-recognised
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Opening of Corporate Bank Account allowed
Order your company NOW! or contact
us for any queries. If you have other requirements for the incorporation,
please let us know and our staff will try to solve it or find alternatives
for you.
You tell... we tailor.
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