Henley & Partners - BVI - International Business Companies - IBCs, corporate services, tax planning, offshore trust, offshore, tax, planning, corporate, services, companies, British Virgin Islands, BVI, tax free, offshore, tax-privileged, offshore companies, Tortola, Henley & Partner, Henley

British Virgin Islands - BVI

International Business Company (IBC)

General
Type of Company	IBC
Average timeframe to set up a new company	3 - 4 days
Average timeframe to activate shelf company	1 day
Migration of domicile possible?	Yes
Corporate Requirements
Standard authorised share capital	US$ 50,000
Bearer shares allowed?	Yes
Minimum number of shareholders/members	One
Minimum number of directors	One
Corporate directors permitted?	Yes
Local directors required?	No
Local meeting required?	No
Company secretary required?	No
Taxation
Corporate tax rate	N/A
Ordinary tax base	N/A
Tax exemptions	N/A
Withholding tax on dividends - tax rate	None
Withholding tax on interest - tax rate	None
Withholding tax on licence fees and royalties	None
Double taxation treaties	None
Value Added Tax rate	N/A
Disclosure and Reporting Requirements
Disclosure of beneficial owner	No
Government register of directors	No
Government register of shareholders/members	No
Annual return	No
Submission of accounts	No
Audit required?	No

Incorporation and 1^st Year Fees and Taxes		Annual Maintenance Fees and Taxes
Type of company	IBC		IBC
Incorporation Fee	700
Government Tax	300	Government Tax	300
Domicile Fee¹⁾	850	Domicile Fee¹⁾	850
Total 1^st Year, USD	1,850	Total Annual Maintenance, USD	1,150
Nominee Shareholder	300	Nominee Shareholder	300
Director's Fee²⁾	1,800	Director's Fee²⁾	1,800

Note: all fees are quoted in United Stated Dollars (US$). Currency Converter

¹⁾ Includes the provision of one nominee director - transaction fee of US$ 50 applies per transaction (signing of documents, etc.)

²⁾ Minimum fee for a professional director resident in a no-tax jurisdiction - annual fee will depend on the work involved.

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