PRESENTATION
The economy of the British Virgin Islands (BVI) is fundamentally based on the activitiesrelated to offshore companies. The International Business Companies registered therebut without commercial activity in their territory they enjoy a very interesting tax system and aenvironment that offers entrepreneurs maximum discretion.
But the added value of the BVI is above all its great stability: the Virgin Islands are a colonyBritish whose laws are inspired by the English Common Law and whose currency is the dollarAmerican.
Companies created in the British Virgin Islands offer all the guarantees of aBritish overseas territory with the added benefits that can be expected from a companyoffshore.
SOCIETY CREATION
• There are no limitations regarding the number of shareholders, their residence or theirnationality. A single shareholder may be sufficient and may also be a manager / director.
• There is no minimum capital requirement nor is it mandatory to "lock" it in a bank account.
• Offshore companies are adapted to all types of legal activity and cancarry out activities related to finance, online games, banking or insurance after obtainingof the corresponding license. A company can carry out several activities.
• Companies can be managed from another country. For example, all meetingsshareholder officers and managers can be held abroad.
TAXATION
• Offshore companies created in the BVI do not pay any taxes or fees on theprofits or on dividends or capital gains obtained. They must simply paya fixed annual fee of a few hundred euros.
• Likewise, offshore companies are not obliged to maintain or present theiraccounting.
• There is no right of succession on the transfer of shares in the event ofdeath of one of the shareholders of a non-resident company.
• Discretion: Shareholders who create an offshore company are anonymous and their identity is notit is registered in the local registry. A "nominated" front man system can be established,for both shareholders and the manager. The British Virgin Islands maintain theBanking secrecy.