British Virgin
Islands Corporations (BVI Corporations)
The British Virgin Islands consist of a group of almost 40 islands, as
Tortola is the main island. They are located in the Caribbean,
about 60 miles to the East of Puerto Rico and the population is around
11,000. They are a British colony with independent internal
jurisdiction, but defense and foreign relations thereof are under the
rule of the United Kingdom. The economy is mainly based in
tourism and international trade.
With a BVI corporation you can be sure that your investments will be
safe as such corporations are traditionally and have been considered a
reliable financial and commercial center. Some beneficial reasons
for this incorporation are:
1.
The international BVI corporations are income tax exempted.
Likewise, the dividends, interests and other amounts paid by such
companies to BVI non-residents are not taxable. Also, the profits
arising from alienation (capital gains) of shares or securities of the
company carried out by BVI non-residents are not taxable.
2. Income tax return are not required neither another
type of return or annual report is required by the BVI Government with
regard to incomes arising from foreign sources.
3. There is no any restriction, lien, or inquiry concerning
the money exchange. The BVI’s legal tender is the US Dollar.
4. The name of the corporation intended to be incorporated
can be reserved for a maximum term of ninety (90) days.
5. The law of BVI grants official protection to
shareholders and the corporations against expropriation proposed by
authorities from other jurisdiction.
