| General | |
| Type of entity: | BC |
| Type of law: | English Common Law, with a right of final appeal to the Privy Council in London |
| Shelf company availability: | Yes |
| Our time to establish a new company: | 5-6 days |
| Government fees for a share capital not exceeding US$50,000 : | US$350 |
| Government fees for a share capital exceeding US$50,001 : | US$1,100 |
| Corporate taxation: | Nil |
| Double taxation treaty access: | Switzerland, Japan |
| Bearer Shares | Yes (but to be held by a custodian only) |
| | |
| Share capital or equivalent | |
| Standard currency: | US$ |
| Permitted currencies: | Any |
| Minimum paid up: | No specific requirements |
| Authorized capital | Not required as concept |
| Most effective number of shares | 50,000 shares (with or without par value) |
| (maximum amount at minimum state fee) | |
| | |
| Directors | |
| Minimum number: | 1 |
| Local required: | No |
| Corporate Directors Permitted: | Yes |
| Register of Directors | To be kept by the Registered Agent |
| Publicly accessible records: | No, but may choose to do so |
| Location of meetings: | Anywhere |
| | |
| Shareholders | |
| Minimum number: | One |
| Register of Members | To be kept by the Registered Agent |
| Publicly accessible records: | No |
| Location of meetings: | Anywhere |
| | |
| Company Secretary | |
| Required: | Optional |
| Local or qualified: | No |
| | |
| Accounts | |
| Requirement to prepare: | Yes |
| Audit requirements: | No |
| Requirement to file accounts: | No |
| Publicly accessible accounts: | No |
| | |
| Other | |
| Requirement to file annual return: | No |
| Change in domicile permitted: | Yes |
| Restriction on Business | BVI BC's may not own real property in the BVI, other than the lease of an office, and may not carry on banking or trust business (unless licensed under the Banks and Trust Companies Act, 1990) or insurance or re-insurance business (unless licensed in the BVI to carry on that business). Otherwise, BVI BC's may engage in any activity that is not illegal under the laws of the BVI subject to any restrictions in their Memorandum of Association. |
