Business benefits of company formation in BVI
The consultants of Private Financial Services are sure to recommend the purchase of offshore in the British Virgin Islands. The fact is that this country has no agreements with Russia in terms of data transfer on its citizen performance and asset flow through the bank accounts. Save that the information should be fully concealed and not submitted during registration, a nominee director may be hired in favor of which the ownership of shares owned by the beneficiary will be transferred.
The legislation of the Virgin Islands expressly authorizes the procedure for company re-registration in other offshore zones. Zero tax rates along with no audit obligations ensure significant increase in profitability.
The cost for registration is far than affordable save the comprehensive support by Private Financial Services. A company registered may be chosen to simplify the procedure at most. If there are no suitable solutions at the moment, our experts will ensure turn-key operations. To do so, a standard package of documentation is required, including a register of shareholders, a certificate of registration, a seal, a stock certificate and other papers, as well as the advance payment rated at 50% of the amount to be paid for services.
Benefits of registering the company
As per rules of applicable legislative base, the owner of the company to be registered on local territory is granted truly unlimited possibilities in terms of access to existing infrastructure, and also allows building comfortable relations with the OECD and FATF. Thereat, the provision of witnessing within the BVI territory of the registration agent. Non-residents are prohibited from acquiring real estate, exclusively for rent. An offshore business in the Virgin Islands shall not do without the appointment of a shareholder and a director who may be both legal entities and individuals, whether individual parties and a single party that undertakes to function as two parties.
As for the registration procedure, it is feasible as soon as the share capital of the new company is paid for the amount of $50 000 US dollars. The legsilation does not assume issuance of securities in respect of a bearer. A company may be opened here save one of the following statuses is assigned to it:
Liability limited in guarantee – exact analogue of the national LLC
With stock restriction
Without limitations of liability – in share issue may be avoided as such
BVI is an offshore zone in its classical meaning with loyal tax laws and environment for registration of new companies. A company may be easily created here that will run with no tax contributions to be paid. This is the perfect place, as our nationals believe, to do high-yield business based on terms of complete confidentiality and under stable economic conditions. A high prestige jurisdiction greatly facilitate offshore company establishment within the British Virgin Islands, deposits with local banking institutions, keeping expense and income transactions.