Centre For Diversity

Offshore companies are corporations formed within an offshore legal system that is politically steady and has a reliable lawful system, for instance Jersey Companies.

The British Virgin Islands is an offshore jurisdiction and British abroad territory and therefore you are able to set up your own British Virgin Islands Company there.

The Virgin Islands are a selection of approximately forty small islands located in the Eastern Caribbean, to the east of Puerto Rico.

They are usually known as the British Virgin Islands (BVI) and the islands constitute part of the remaining islands constituting the U.S. Virgin Islands.

British Virgin Islands federal government publications and regulations have recently simply referred to the Territory as the "British Virgin Islands".

The British Virgin Islands include the main islands of Tortola, Virgin Gorda, Anegada and Jost Van Dyke, in addition to over fifty other smaller islands.

The capital is Road Town and around fifteen of the islands are inhabited.

Based on the BVI IBC Act of 1984, the overseas companies are let off from all the income taxes for the duration of 20 years.

Versatility in company structure of an offshore British Virgin Islands Company includes:

• Only one director or shareholder required for the company formation.
• Shareholder(s) and director(s) may be the same person.
• The shareholder(s) and director(s) can be a natural person or a corporate body.
• There is no requirement of appointing local shareholder(s) and director(s) for British Virgin Island Companies.
• There is no requirement of resident secretary.

As well as the British Virgin Islands, you can also set up a Jersey Company.