Corporate and fiduciary services |
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BVI Key Corporate Features
| General | |
| Type of Company | BVIBC |
| Type of Law | Common Law |
| Shelf company available | Yes |
| Establishing a new company | 4 days |
| Corporate Taxation | Nil |
| Double Taxation Treaty Access | No |
| Share capital or equivalent | |
| Standard currency | US$ |
| Permitted currencies | Any |
| Minimum paid up | US$1 |
| Usual authorized | US$50 000 |
| Directors | |
| Minimum number | One |
| Local required | No |
| Corporate Directors Permitted | Yes |
| Publicly accessible records | No |
| Location of meetings | Anywhere |
| Shareholders | |
| Minimum number | One |
| Publicly accessible records | No |
| Location of meetings | Anywhere |
| Company Secretary | |
| Required | Optional |
| Local or qualified | No |
| Accounts | |
| Requirements to prepare | Yes |
| Audit requirements | No |
| Requirements to file accounts | No |
| Publicly accessible accounts | No |
| Recurring Government Costs | |
| Annual Tax / Licence Fee | US$350 for up to US$50,000 authorised Share Capital US$1,100 if share capital more than US$50,001 |
| Other | |
| Requirement to file annual return | No |
| Change in domicile permitted | Yes – Government fee of US$500 is applicable |