The British Virgin Islands is a recommendable jurisdiction where you can set up a company from scratch or buy a ready-to-use legal entity to take advantage of a benign taxation system, flexible and well-thought-out corporate laws, and political and economic stability. In this article, we are going to talk about the advantages of buying a ready-made company in the BVI. This is a unique offer you are sure to appreciate! What is more, you can do it online with our help – as well as opening a corporate account for your company.
If you need more information, we will be glad to see you on our portal where you will be able to read a more detailed article on the advantages of a BVI company. We write about many other popular jurisdictions where you can establish a company or open a bank account, and we also focus on tax optimization, asset protection, citizenship-by-investment programs, and so on – do not hesitate to discover all the sections of our portal! You can also take advantage of a free session with our specialist who will explain all nuances to you and answer your questions. We will be happy to establish a company for you or give you access to a ready-made legal entity – and open a business account as well. Feel free to follow the link and talk to us!
Ready-Made BVI Company: Benefits
Let’s look at the main advantages of the ready-made (shelf) company in the BVI:
- Credibility. Your company will have a track record, and it will be regarded as a more stable and reliable undertaking.
- Easier access to loans. Startups have no credit history, so it is much more difficult for them to obtain a loan. A shelf company does not have such a drawback.
- Proven business track record. The company has a history of business operations, which makes it more credible in the eyes of partners and banks.
- Speed. You can start your business operations in a matter of several hours.
How to Buy a BVI Shelf Company
The price of a ready-to-use BVI company depends on the type of legal entity and the date of its registration (company age). Logically enough, the older is the legal entity, the more it costs as the maintenance requirements are higher. While registrars have a lot of shelf companies to offer, investors usually seek those that meet their company age requirements.
If a ready-made company comes with a corporate bank (trading) account, the price will be higher as well. However, we recommend choosing a company with additional features only when you need it. We will make a meticulous audit of the company’s activities (including banking operations) if you need our opinion. It will help you make the best choice available.
Benefits of Buying a BVI Company
One of the most tangible benefits is, of course, the speed. You will not need to spend your time collecting documents and choosing a unique name for the company (you cannot start the procedure of legal entity formation in the BVI until a name has been reserved!). You will have the right to change the company name if you want to after you become its owner.
Companies may be sold along with all constituent documents or an approved name (in this case, further steps need to be taken by the new owner). In addition, you will need to appoint company directors after you have acquired it.
Sometimes it is more cost-effective to purchase a shelf company than start a new business – especially if you use a trusted and reputable source. The perks depend on the company’s age and functionality, and they may be really invaluable for the investors.
If you want to make the best choice, please compare the cost of a shelf company with the cost of starting a business from scratch. We strongly recommend that you order due diligence if you opt for a shelf company to mitigate possible risks of making a purchase.
BVI: Advantages for Non-Residents
Let’s look at the main benefits of the BVI as an offshore jurisdiction for your company:
- Minimum local fees. The stamp duties you will pay are very low, and the only tangible amount is the annual registration fee.
- Tax exemption. You will not have to pay corporate/income taxes.
- Simplified management. You are not required to hold annual meetings in the BVI or hold regular audits.
- Low requirements for companies. The BVI authorities do not oblige you to appoint a local director or have any minimum authorized capital.
- Flexible storage of documents. Your company documents can be stored in any country (not just in the BVI).
- Pro–business laws. The local corporate laws are well-thought-out to simplify company formation and carrying out business operations.
- Official language. The country’s official language is English, which greatly simplifies communication with authorities.
- Stability. Take advantage of the BVI’s excellent infrastructure along with political and economic stability.
- Confidentiality. The Company Registrar only receives the company name and registration data, while the details related to the shareholders, directors, and beneficial owners remain confidential. The records kept by the Company Registrar are not publicly accessible.
Sounds impressive? Get in touch with us to discover more details!
Nominees
If you want to have ultimate privacy, the nominee service is exactly what you need. The beneficial holder controls the company’s business operations and income using the nominee holder and remains in the shadow as the official documents only contain the nominee director’s name.
The beneficial owner determines the nominee director’s role and degree of engagement in the company’s operations. Nominees usually perform some minor duties that often involve administrative assignments.
Nominee directors and shareholders receive a fee.
A BVI Shelf Company: How to Buy
Do you feel like buying a ready-made company in the BVI? You can do it seamlessly with our help. Our experts will analyze your situation and determine whether this is the right choice or whether an alternative jurisdiction would be better in your case. Please click on the above link to explore our portal and book an individual online meeting with our expert!
