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British Virgin Islands Companies

February 8th, 2012 · No Comments

If you are considering registering your business in an offshore location, there are abundant international countries and jurisdictions to choose from. These locations allow low taxation, and some give total immunity from corporation tax and also income tax for company directors. The British Virgin Islands companies are extremely popular as they allow 20 years’ tax exemption, and also a variety of other services and advantages. Company directors and shareholders can enjoy complete privacy as their personal information is not published in the public domain.

If you register your business in the British Virgin Islands, you could essentially halve the company’s tax liability and also possibly benefit from the need to file annual tax returns. By not being required to report your tax or company accounts, you can save a significant amount on employing accountants and administrators to complete the work on your behalf.

British Virgin Islands companies therefore allows great tax exemption and privacy to the International Business Companies (IBCs) located there. When you register your business in this jurisdiction, you are given 20 years of tax immunity, thus making tax returns a thing of the past. In addition, the company directors’ and shareholders’ details are kept confidential and the need for administration and financial effort is vastly reduced, enabling the company to save significant amounts of money.

With British Virgin Islands company incorporation, there is a requirement for only one company director. This person does not need to be local, and your company bank accounts can be sited in any international location. A company secretary is not essential and shareholder information does not need to be submitted or published in the public domain. Company accounts must be completed, but they do not have to be submitted, ensuring your company details remain confidential.

There may be a number of reasons for you to contemplate British Virgin Islands companies. You may wish to circumvent the payment of corporation tax on your international business trading or want to take advantage of the complete anonymity offered by this offshore jurisdiction, or both. Whatever you require, British Virgin Islands companies could be just what you need for yourself and your new business. Take a look today.

 

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