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Only US$199 |
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| Secrecy? 
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Why British Virgin Islands?
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It may surprise you to learn that the number one reason for people moving money offshore is not because of tax benefits but asset protection. Today's predaceous and litigious society unfortunately makes successful people vulnerable to lawsuits of every kind.
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Confidentiality Enforced By Law
The only documents of an IBC on public record are the Certificate of Incorporation and the Memorandum and Articles of Association. The address of the registered BVI office is shown, but share registers can only be disclosed to members with the permission of the Directors or the court. The British Virgin Islands consist of 60 islands and cays having a total land area of 150 sq km. They lie to the north west of the United States Virgin Islands and are separated from them by a channel only five kilometers wide. The neighbor with the largest land area is Puerto Rico, 96 km to the west. Except for Anegada, which is a flat, coral island with little soil, the Islands are hilly. Their greatest tourist attraction is their superb beaches. Reasons Behind the Success of the BVI Financial Services Industry The British Virgin Islands (BVI) has been a true phenomenon for the establishment of offshore companies in recent years. It has rapidly become the premier offshore corporate domicile with presently more than 200,000 international and non-resident companies registered. Despite a trend by other offshore financial centers to replicate the pioneering International Business Company (IBC) legislation introduced by the BVI in 1984, the BVI has remained the clear leader in this field: approximately 40,000 British Virgin Islands IBCs were formed in 1996 alone. It is instructive to assess the reasons behind this continuing success. |
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Political Structure:
The British Virgin Islands were discovered by Columbus who is said to have been so impressed by their large number that he named them "Las Virgenes" in honor of St. Ursula and her 11,000 attendant virgins. During the 16th and part of the 17th centuries the Islands harbored Dutch and English Buccaneers.
In 1672, Britain claimed Tortola. Simultaneously, Denmark asserted her sovereignty over St. Thomas and St. John; then in 1773 Denmark purchased St. Croix from France. The Danish Islands were sold to the United States in 1917 for US$ 25 million. Relations between the United States and British Virgin Islands are good. The British Virgin Islands is an internally self-governing colony with a ministerial system of Government operating under a Constitution adopted in 1967. The Governor, appointed by the Crown, remains responsible for defense and internal security, external affairs, the civil service, the administration of the courts and finance. He continues to reserve the legislative powers necessary for the exercise of his special responsibility. However, on other matters he is normally bound to act in accordance with the advice of the Executive Council. This consists of the Governor as Chairman; two ex-officio members (the Attorney General and Financial Secretary); the Chief Minister, appointed by the Governor as the elected member who appears best able to command a majority in the Legislative Council; the Deputy Minister; and two other ministers appointed by the Governor on the advice of the Chief Minister. |
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Elections are held at intervals of not more than five years.
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Infrastructure And Economy:
There is an excellent daily air service between the Islands and the USA. Cruise ships call in weekly to the Islands and there are freight carriers. There are excellent telephone, Telex and Fax facilities. Courier services are well represented on the BVI, including DHL, DTL and Federal Express, who provide a daily world-wide service.
The economy, one of the most prosperous in the Caribbean area, is highly dependent on the tourist industry, which generates about 21% of the national income. In 1985, the Government offered offshore registration to companies wishing to incorporate in the Islands. Livestock raising is the most significant agricultural activity. The Islands’ crops, limited by poor soils, are unable to meet local food requirements. |
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POPULATION:
The largest and most heavily populated Island is Tortola, which has about 9,000 inhabitants. The capital, Road Town, is on the southern shore near Sir Francis Drake Channel. Tortola is connected by a bridge to Beef Island. There are a further 3,000 inhabitants who reside on the other islands, 1,000 of which are in Virgin Gorda which is noted primarily for its unusual and interesting scenery and rock formations.
LANGUAGE : The official and spoken language is English. CURRENCY : US Dollar. EXCHANGE CONTROL : None. TYPE OF LAW : Common Law, based on English Common Law with local modifications and local statutes. PRINCIPAL CORPORATE LEGISLATION : The Companies Act 1985, International Business Companies Ordinance 1984 (as amended and the Banks and Trust Companies Act 1990. | 
BVI The Hidden Gem |
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Company Information:
TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT: International Business Company. PROCEDURE TO INCORPORATE : Submission of the Memorandum and Articles of Association and a Certificate from the Registered Agent confirming compliance with the requirements of the ordinance. RESTRICTIONS ON TRADING : Cannot trade within the British Virgin Islands or own real estate there. Cannot undertake the business of banking, insurance, assurance, re-insurance, fund management, collective investment schemes, trust management, trusteeship, the rendering of investment advice or any other activity that would suggest an association with the banking or insurance industries. Cannot offer its shares for sale to the public. POWERS OF COMPANY : A company incorporated in the British Virgin Islands has the same powers as a natural person. LANGUAGE OF LEGISLATION AND CORPORATE DOCUMENTS : English. SHELF COMPANIES AVAILABLE : Yes. TIME TO INCORPORATE : Two days, but allow ten working days for receipt of documentation. NAME RESTRICTIONS : Any name that is identical or similar to an existing company, or any name that suggests the patronage of the Royal Family or the Government of the British Virgin Islands. LANGUAGE OF NAME : Whilst the name of company can be in any language, the documentation will be in English. Any name in a language other than English must be accompanied by a translation to ensure that the name is not restricted. REGISTERED OFFICE REQUIRED : Yes, must be maintained in the British Virgin Islands, and must be maintained at the office of a licensed management company. NAMES REQUIRING CONSENT OR LICENSE : Bank, building society, savings, loans, insurance, assurance, re-insurance, fund management, investment fund, trust, trustees, Chamber of Commerce, university, municipal or their foreign language equivalents. SUFFIXES TO DENOTE LIMITED LIABILITY : Limited, Corporation, Incorporated, Sociètè Anonyme, Sociedad Anonima or their relevant abbreviations. DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES : No. Share Capital, Taxation, License Fees & Compliance AUTHORIZED AND ISSUED SHARE CAPITAL : The normal authorized share capital is US$ 50,000 with all of the shares having a par value, this being the maximum share capital for the minimum duty payable upon incorporation and annually thereafter. The share capital may be expressed in any currency. The minimum issued capital is one share of no par value or one share of par value. CLASSES OF SHARES PERMITTED : Registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights. BEARER SHARES PERMITTED : Yes. TAXATION : An International Business Company does not pay any tax on its world-wide profits to the British Virgin Islands authorities. DOUBLE TAXATION AGREEMENTS : The British Virgin Islands has treaties with Japan and Switzerland, although they have limited benefit and are not applicable to offshore business. LICENSE FEES :
FINANCIAL STATEMENT REQUIREMENTS : While there is no requirement to file audited accounts with the authorities, a company is required to keep financial records which reflect the financial position of a company. Structure Of Management
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Welcome To Heaven 
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| Type of Company | IBC |
| Political Stability | Excellent |
| Common or Civil Law | Common |
| Disclosure of Beneficial Owner | No |
| Migration of Domicile Permitted | Yes |
| Tax on Offshore Profits | Nil |
| Language of Name | Latin Alphabet |
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| Minimum Number of Shareholders | One |
| Minimum Number of Directors | One |
| Bearer Shares Allowed | Yes |
| Corporate Directors Permitted | Yes |
| Company Secretary Required | Yes |
| Standard Authorized Share Capital | US$ 50,000 |
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| Registered Office/Agent | Yes |
| Company Secretary | No |
| Local Directors | No |
| Local Meetings | No |
| Government Register of Directors | No |
| Government Register of Shareholders | No |
| Annual Return | No |
| Submit Accounts | No |
| Minimum Annual Tax/License Fee | US$ 300 |
| Annual Return Filing Fee | $US 100 |
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Mailing, Fax, Telephone And Office Facilities:
As part of the domiciliary service fee we provide clients with a registered office address in the country of incorporation but clients may find it convenient to arrange for mail forwarding, fax and telephone facilities through our Switzerland, Cayman Islands, London or other British Capital Group's world-wide offices. This service may be especially useful where, for example, the company is opening bank accounts. Normally the bank would address statements and other correspondence to the company at the address of the client but this results in a loss of confidentiality in that the connection between the company name and the client will be automatically made.
To safeguard against this mail can be directed to our offices and we can re-mail those letters in a plain envelope addressed to the client or otherwise as the client directs. An additional advantage of using our re-mailing services is that the provision of a re-mailing address through one of our prestigiously located offices in the onshore jurisdictions may allow the offshore company to appear to be domiciled on-shore and thereby give that company an added degree if respectability. For example, your offshore company could quote British Capital Group London office address on its letterhead and thereby appear to be domiciled in the UK. This procedure is particularly attractive if the Hong Kong address is used as a Hong Kong company is not required to quote its registered office address on its letterhead. Thus if an offshore company were to quote a Hong Kong address it would be indistinguishable from the letterhead, from a normal Hong Kong trading company.The charge for this service is only $275 per annum. Trust Services: Using a trust to own the shares of an offshore company can result in very substantial tax and non-tax related advantages which will accrue both on death and during the lifetime of the trust settler. These advantages may include: Saving Of Inheritance Tax: On death, the Inheritance tax which would normally be assessed on the value of shares would generally be eradicated. Asset Protection: Assets placed into trust are generally beyond the reach of creditors who might arise as a result of financial difficulties, divorce proceedings, litigation, etc. Avoidance Of Probate: A trust provides a means whereby assets can be smoothly passed on to the next generation without the disruption, delays substantial costs, loss of confidentiality associated with the probate procedure which necessarily follows when assets are bequeathed by will. Continuity: Trusts provide a means whereby assets can continue to be administered in accordance with the wishes of the settlor after his death so the weak can be protected from others and the spend-thrift can be protected from himself. Lifetime Tax Savings: During lifetime, substantial income and capital gains tax advantages may result from setting up the trust. Using the service of one of our licensed trust companies, we are pleased to act as trustee for a suitably drafted discretionary trust and the cost of this service would be from US$500 for setting up the trust deed and from US$500 per annum for the provision of trustee services. Other Services: British Capital Group provides a wide range of administrative and documentary services including, but not limited to legalization and notarizing of documents, credit cards, yacht and ship registration, invoicing, documentary trade services, trade finance applications, accounting, consulting and immigration services. VIP Package: For one payment US$599 British Capital Group will provide the following:
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British Virgin Islands: Paradise Of The Earth
Tax Haven In The Heaven
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Confused?
The average person is frequently confused by the complexity of international tax planning and discouraged by the substantial costs involved in an offshore company formation or registering of a bank or trust in a tax haven. The registration costs and ongoing yearly administration expenses frequently exceed what the average person could save in taxes. British Capital Group has a new program to answer those concerns. We provide the simple, secure, private and low cost answer for the person who is just starting out or the veteran who now understands that simplicity is the essence of genius. Our survey has shown that this solution answers all of the needs for 100% of the persons seeking to go offshore. |
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The program includes bearer shares so that complete anonymity is guaranteed, documentation and support services so that you can open a financial account under your complete control, where and when you wish, and flexibility so that you can change your financial affairs to reflect your future needs.
We trust that we have clarified the intriguing world of British Virgin Islands Offshore Company Incorporation Programs. We will be happy to answer any questions you may have, relating to this opportunity and provide you with additional details regarding any of our devoted services.
Please click here to write us the full particulars of your situation and what you wish to accomplish. We will review your situation very carefully and offer to you a custom fitted solution. 95% of the time it will be simple to understand and 100% of the time it will be the least expensive alternative.
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If you would like to obtain further details of the legislation
surrounding the formation of a British Virgin Islands Offshore International Business Company or wish to discuss any matter in complete confidence, please
click here
to contact: Mr. Robert Haig British Capital Group Offshore Services |
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| Thank you for your interest and feel free to contact British Capital Group Offshore Services if you believe the formation of an international business company in British Virgin Islands may be appropriate in your particular situation. Any communication with us is considered PRIVILEGED and CONFIDENTIAL. |
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British Capital Group is in a position to assist new and established clients in opening personal and corporate offshore bank or trust accounts, denominated in almost every currency, in over 125 of offshore jurisdictions world-wide, including:
New Zealand, Australia, Chile, The Dominican Republic, Ireland, Argentina, Belize, Brazil, Spain, Italy, Costa Rica, Venezuela, Uruguay, Prague, Bodrum, The Spanish-Moroccan Tax Havens, The Madeira Tax Haven of Portugal, The Jamaican Free Trade Zones, The Dominican Republic Free Trade Zones, Campione D'Italia, Andorra, Poland, The Eastern Turkish Border and Tbilisi, Mozambique, Guatemala, The Virgin Islands, The Philippine Islands, and Anguilla are just some of the countries and places featured.
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There is only one British Capital Group. Our scope, financial strength, balance, depth of talent and integrity have made us our clients' trusted global advisor. |  |
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