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What are the advantages of the BVI as an offshore jurisdiction for Chinese investors? What makes it different from other jurisdictions? The British Virgin Islands (BVI) has built a reputation as one of the world leading finance centres meeting the needs of international businesses and high net worth individuals. Advantages for Chinese investors using BVI structures and services include:
1. Protect assets from expropriation or confiscation orders from foreign governments 2. Asset security- able to transfer domicile 3. No all local taxes and stamp duty 4. Maximum confidentiality and anonymity no requirements to file the accounting information with the Registrar of Corporate Affairs. 5. Provision for the re-use of old company names in appropriate circumstances 6. Allowance for the BVI BC to be registered with foreign character names 7. Ease of operation, maintenance and control 8. No statutory requirement to hold annual general meetings 9. Incorporation within one working day of the application being received by the Registry 10. Excellent and flexible post-incorporation follow-up services 11. No minimum capital requirements 12. Competitive fees and costs
What are the minimum requirements for a business corporation (BC) ? 1. A name must be chosen for the company 2. The local registered office. 3. There must be one (1) director and one (1) shareholder
What is the tax rate for incorporated companies? Companies incorporated in the BVI are not taxed locally.
Can the regulatory authorities request information about the background and identity of company officers, or company accounting details? All companies and limited partnerships registered in the BVI are required to maintain accounting records at the local agent for a minimum of five years.
Whatsapp : (852) 6499 4686 Phone : (852) 2186 6936 Email : info@intershores.hk
Disclaimer: Whilst reasonable care has been taken in provision of information above, it does not constitute legal or other professional advice. INTERSHORES does not accept any responsibility, legal or otherwise, for any error omission and accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, readers are advised to take appropriate professional advice before committing themselves to any involvement in jurisdictions, vehicles or practice. |
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