The British Virgin Islands (“BVI”) is located in the Caribbean Sea, approximately 30 minutes flying distance (80 kilometers) east of Puerto Rico. BVI is a British overseas territory and is one of the world’s leading offshore financial center. Its official language is English.

BVI Business Companies are exempted from taxation on business activities or transactions carried outside of the BVI. BVI has sound commercial constructions and communication systems, coupled with the widespread use of English and usage of English Common Law, the BVI is favoured by financiers and bankers around the world. Offshore companies, trusts, insurance companies and mutual funds on the islands are supported by the developed and well-trained professional services providers. The principle corporate legislation is the BVI Business Companies Act 2004.

• Minimum number of director and shareholder is one. They can be of any nationality and no need to reside in BVI.
• Information of director and shareholder is not accessible publicly. Chinese company name (or other name in foreign language) is permitted can be incorporated with the Registrar.
• Not subject to any taxes in BVI, including stamping duty.
• Not required to file annual return and audited accounts.
• Comparing to other jurisdictions, it is easier to find BVI lawyers in any other countries, even in Asia.
• Flexible regulations which makes it easier for clients to operating their companies.
• It takes only 1-2 working days for BVI company formation.
• Shelf companies are available for purchase.
• Companies conducting certain activities in the BVI are required to comply with the Economic Substance requirements.

Please NOTE: The time of annual license fee payable to the Companies Registrar is regardless of its incorporation date. The due dates are set at 31st May for 1st half companies (companies registered in January to June) and 30th November for 2nd half companies (companies registered in July to December) every year.