BRITISH VIRGIN ISLANDS
BVI offers the advantages one would expect from a politically stable Overseas British Territory. It is a successful international financial centre, where English is spoken and their currency is the U.S. dollar.
BVI have modern and flexible legislation for offshore corporations, based on English common law, and can be considered a cost effective jurisdiction for company incorporations.
Popular for investment and property holding companies, this jurisdiction is widely used because of the associated flexibility, ease of administration and tax exempt status.
Companies are incorporated via the submission of the Memorandum and Articles of Association and a certificate from the Registered Agent confirming compliance with the requirements of the ordinance. The Registered Office must be maintained in the British Virgin Islands, at the offices of a licensed management company.
The minimum number of directors is one, as is the minimum number of shareholders. Directors may be natural persons or bodies corporate, and a copy of the Register of Directors must be held at the Registered Office.