OFF-SHORE COMPANY FORMATION

Clients can also choose to set up an offshore company, especially in tax-heaven jurisdictions. For cost-savings, the British Virgin Islands (the "BVI") is the most popular among Bermuda, Cayman Islands, Samoa and Marshall Islands etc…

Advantages of a BVI company

• NO tax and filing requirements
• NO accounting and auditing requirements
• LOW incorporation and maintenance costs
• Only one shareholder and director is required and can be the same person
• Corporate shareholder(s) and director(s) are allowed
• Entirely exempt from BVI income tax and stamp duties if no business is conducted in the BVI

Clients can either set-up an offshore company in their preferred name or acquire a shelf company. Upon receipt of all the necessary information, a new company will be ready in 6 working days. To take-over a shelf company, the registration process can be completed within 1 day.

Requirements for setting up a BVI company

• Minimum 1 shareholder and 1 director;
• Minimum US$ 1 issued and allotted share capital;
• Registered address in the offshore country (included in package service and in annual renewal fee).