British Virgin Islands (BVI) Companies have 
tax-exempt status. 

The annual government renewal fee for an 
offshore company is fixed.  And there are no 
taxes applied to the company.

Privacy. Non-Disclosure of Directors, 
Shareholders, and Beneficial Owners 
details to the public. 

No restrictions concerning ownership of shares. 

Bank accounts may be opened anywhere in the 
world. 

No exchange controls. 

Freedom of capital movement.

No requirements to file Annual Financial Statements
with the BVI Government. 

The accounting books for the corporation could be 
kept in any part of the world.

No residence requirements for Directors/Officers/
Shareholders. 

There is no requirement to hold annual meetings of 
directors or shareholders.

Directors and shareholders resolutions may be passed by telephone meeting, other electronic 
means or by circulating written resolutions 
(including facsimile copies) for signing. Meetings 
need not be held in the BVI.

Shares may be issued to a person or corporation.

Shares can be easily transferred to another
person or corporation if required.

Additional directors can be easily appointed to 
the offshore company.  

A minimum of one shareholder is required. No 
details of the shareholders appear on the public 
file but a register of shareholders must be kept 
at the registered office address of the company
in the BVI.

A minimum of one director is required and 
corporate directors are permitted. Details of the directors do not appear on the public file. A register 
of directors must be kept at the registered office
address of the company in the BVI.

The same person can act as director and 
shareholder of the offshore company. 

A company may finance or repurchase its own 
shares out of surplus. Repurchased shares may 
be cancelled.

No complicated or burdensome corporate 
requirements. You can allow your offshore company
to be Struck-Off by the BVI Registrar of Corporate
Affairs if you no longer have any use for the 
company - at no additional cost to you. 

Amendments can be made to the incorporation 
documents upon the needs of the corporation, 
Before or After the incorporation of the company. 

Offshore corporations may be used to own and operate 
businesses, act as a holding company, buy real estate, 
issue shares, bonds or otherwise raise capital, guarantee
obligations, hire employees, buy goods and services, sell 
goods and services, make contracts, rent office space, 
maintain checking and saving accounts, and maintain 
retirement plans for employees. 

Persons wishing to utilize an offshore company need to
ensure that they comply with applicable onshore laws 
(according to their nationality, residence, Etc) and should 
obtain professional tax advice if necessary. 

WHO CAN MAKE USE OF OFFSHORE COMPANIES?

1) Wealthy individuals, for asset protection and the 
avoidance of inheritance and other taxes. 

2) Any individual selling his/her services outside the 
jurisdiction of his domicile or residence. 

3) All kinds of consultants and professional people, 
performing artists, airline pilots, designers, 
investment managers and brokers, private developers. 

4) Owners of patents, trademarks, legal rights, 
copyrights and intellectual property. 

5) Owners of real estate, ships, yachts, airplanes, 
specialized machinery. 

6) Companies engaged in banking, insurance, trading, 
leasing, manufacturing, film and artistic productions, 
software development, distribution, fund management, 
construction, project financing, natural resources, 
pollution control, ecological projects, hotels and resorts, 
shipping companies, airline companies and all kinds 
of services. 

7) Charities, foundations, trusts and endowment funds.

If you sell services or do business outside your own 
country or economic area, there is a good chance 
you may find advantages from an offshore structure.