BVI

The British Virgin Islands (BVI) are a group of islands in the Caribbean Sea located approximately 80 KM of Puerto Rico. There are no tax levied on International Business Companies. BVI companies are usually used for the reasons of tax minimisation, estate planning, confidentiality and trust management, etc.

Please call us at (852)27399698 for more details regarding the incorporation of BVI companies.

Advantages of the British Virgin Islands (BVI) companies:

- No minimum share capital requirement

- The minimum number of directors is one

- The minimum number of members is one

- It takes one day to incorporate a BVI company (shelf company)

- No requirement of annual return filing for a BVI company

- No requirement of company secretary for a BVI company

- No requirement of audit for a BVI company

Important notice:

Minutes and financial records

A BVI company is required to keep minutes of all meetings of directors and members. It must also keep such accounts and records sufficient to reflect the financial position of the company.

Payment of annual fees

BVI Government penalties apply for late payment of annual fees and BVI companies would be struck off for non-payment of such fees.

Directors

Generally, the minimum number of directors of a BVI company shall be one and there shall be no maximum number.

The first directors of the BVI company shall be appointed within 6 months of the date of incorporation of the company.

Main services of K. Y. Chan & Co.:

Audit

Accounting

Tax planning and preparing

Company formation in Hong Kong

Company formation in the British Virgin Islands (BVI)

Business valuation