Kind of company | Company (BC) |
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Legislation and authority | BVI companies are regulated according to the Business Companies Act 2004 and reference authority is BVI Financial Service Commission |
Information about company directors | There is not a public register with company directors’ names |
privacy | Fully guaranteed |
Accounting duties | No obligation of bookkeeping |
Taxation | No taxes |
Standard currency | US $ |
Time of Constitution | Well-functioning Register Office |
Stability | Stable jurisdiction |
Communications | Good means of communication |
Time zone | GMT -4. |
Secretary obligations | Not required |
Legal system of reference | Common Law. |
Capital to pay | No minimum capital required |
Minimum number of Directors/Shareholders | At least 1 Director/Shareholder |
Share to the bearer | Share to the bearer not allowed |
Costs | Tariffs: € 1.090 for company constitution – € 890/ year for its maintenance |