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Starting a business in this country has the following advantages:
Business registration in BVI – from 1900 €Detailed information
The British Virgin Islands are a good choice for investors from all over the world. What attracts them? The complete absence of taxes in conditions of a stability. You pay only a fixed annual fee. Buying a company in the UK will take from 2 to 3 weeks, the cost will be relatively inexpensive - a standard package of documents from $1,650. In addition, there is no need for a personal presence during a registration, everything can be done remotely or by contacting IQ Decision lawyers.
Opening a company in the British Virgin Islands requires only one director, who can be both an individual or a legal entity. Also, the shareholder and a director can be one person. No need for a resident secretary.
Despite a number of advantages, there are some limitations. For example, companies do not have the right to own a real estate in the British Virgin Islands, and it is also forbidden to provide any services to BVI residents. Names also have a number of restrictions: you cannot use the following words in the name: “Bank”, “Trust”, “Royal” or “Insurance Company”.
British companies are a prestigious “tax haven” for your business, first of all, it is a pure reputation of this jurisdiction, as well as the economic and legal stability. If you decide to set up a commercial enterprise in the Virgin Islands, pay your attention to the fact, that the business in this area is focused on foreign investors. If you need a professional help in opening a company in the Virgin Islands, our company will be happy to provide you with a quick and profitable solution to all issues with the selection of optimal conditions for your business.
The information outlined in the article is actual at the time of its publication.
Please refer to our specialists for checking possible solutions for your business.
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