The British Virgin Islands (BVI) is a British Overseas Territory and became autonomous in 1967. In 1984, An International Business Company legislation (IBC Act) was enacted in BVI which enhanced the Islands’ popularity for offshore company formation. Effective 1 January 2005, the IBC Act was replaced by the Business Companies Act (BC Act) which brings the legislation in line with the modern world. Since its enactment, BVI registered companies are now accepted to be listed on leading Stock Exchange worldwide, including the Hong Kong Stock Exchange.
The BVI has established a solid international presence and enjoys a reputation for cutting-edge, progressive and user-friendly legislation with quality services.
Planning to capture the Southeastern market? Wish to set up a company in the midst of Hong Kong? Time for you to follow certain rules and regulations for setting up the offshore company as per BVI Company formation in Hong Kong regulations! This is an important regulation that has to be followed by every company as they make themselves ready to operate as an offshore company.
Setting up a business in a new soil is always quite a difficult feat. It is not only the requirement of an ideal niche, that is needed, but also following of certain rules and regulations are a must in this regard. In this regard, the most important factor happens to be following the BVI Company formation in Hong Kong legislations.
The BVI is a principal statute that has strong relations with British Virgin Islands company law that helps in regulating professional relations with both local as well as offshore companies. With the help of this BVI company rules, a legitimate legislative action can be determined as per rules.
So, are you wondering how to deal with this issue? Professional help can guide you in an ideal manner towards the correct handling of offshore companies.
Technically speaking an offshore company is one that is registered beyond the domestic territories of the owner. Hong Kong in present times has become the hub of business domains. Also, any new company has to be registered under BVI regulations. In such a scenario, registration with BVI Company in Hong Kong is the only way out!
Clearly, this singular registration could lead to beneficial prospects of the company in future, and professional help is a must in this regard.
Wondering how to deal with such registration procedures associated with BVI Company. Well, your answers rest in experts associated with BVI Company in Hong Kong!
What are you waiting for? With professionals associated with registration of your venture as a BVI Company, you can function in a standard manner!
| General Information | |
| Political Stability | Good |
| Type of Company | IBC (International Business Company) |
| Legal System | Common Law |
| Corporate Requirement | |
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Registered Address | Yes |
| Company Secretary | Optional |
| Other | |
| Standard Authorised Capital | 50,000 shares |
| Corporate Tax | No |
| Filing of Annual Return | No |
| Shelf-companies | Avaliable |
| Public Disclosure | |
| Beneficiary Owner(s) | No |
| Filings Shareholder(s) | Optional |
| Filings Director(s) | Optional |
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| Service fees | |
|---|---|
| Documents Preparation ( standard 50,000 shares ) | USD 1,150 |
| Documents Preparation ( more than 50,000 shares ) | USD 2,000 |
| Annual HK Correspondence Address Parking 1 | USD 150 |
| Business Bank Account Opening | USD 320 |
| Incorporation Documents Certification | USD 110 |
| Certificate of Incumbency | USD 200 |
| Certificate of Good Standing 2 | USD 200 |
| Note |
|---|
1 Corresponding address is required for incorporation. If join our Correspondence Address parking service. This information is no need to provide. |
2 Some banks may require Certificate of Good Standing which verifies that the company is still maintaining proper registration with the government. |