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BRITISH VIRGIN ISLANDS
________________________

 


Advantages

- No tax and filing requirement
- Strategic holding for China & international investment
- only one founder, shareholder, and director required.
- may be a corporate entity.
- only one share as minimum issued and paid up capital required.
- may be issue bearer shares, as well as shares with variable voting rights may acquire their own shares.
may denominate shares in any currency or issue shares with no par value.
- may elect not to file any information with the Registrar of Companies relating to shareholders, mortgages and charges, deeds and other instruments of transfer.
- may elect not to disclose any particular information on the Company's letterhead.
- have the flexibility to re-domicile. Continuation into and out of the BVI are very simple procedures.
- may elect not to prepare financial statements or appoint auditors.
- totally exempt from BVI income tax and stamp duties. very flexible nature making it an ideal corporate vehicle for international trading, asset protection, investment management, trustee arrangement and e-commerce ?

You are welcome to discuss whether BVI offshore company is suitable for your purpose, both strategically and financially.

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Setup requirements

- Minimum 1 shareholder + 1 director
- Minimum US$1 issued and allotted share capital
- Registered address in the offshore country
- Corresponding address in Hong Kong for license renewal purpose

All setup information will not be available for public search. However, you may have to disclose when opening bank a/c.


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Setup procedure

- Decide use tailor-made or ready-made company
- Decide use registered or bearer share
(Some banks hesitate to accept bearer share company to open bank a/c)?
- Decide which professional firm to appoint for company formation
- Give shareholder / director / corresponding address information to appointed professional
- Give photocopy of identities
- It takes from 1 day to 7 days for a company to be formed

Download[ Incorporation Order Form - BVI ]to guide you through the requirement.

Download[ Ready-made Company List - BVI ] for your selection.

Download[ Service Introduction- BVI ] to give further information about the service.

Chandler Partners provides hassle free services from company name search, to Hong Kong corresponding address. Please contact us for detail. For ready-made company, please call us for a list for your selection.

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Setup cost

US$1,000
(including 1st year government charges, full set of printed material, chops)
Optional services:
- Secretary fee US$250 (including provision of HK corresponding address)
- Bank A/C open handling fee for HK bank US$282 plus courier fee US$40
- Certificate of Good Standing US$180
- Certificate of Incumbency US$180

Chandler Partners services are priced such that SMEs can afford quality services of our experienced professionally qualified accountants.

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Maintenance cost

- Annual company renewal US$700
- Optional secretary fee US$250 (including provision of HK corresponding address)
- No annual accounting, tax filing and auditing required

Chandler Partners is formed by professional accountants. In daily operation of your offshore company, we are capable of providing total solution and services IN-HOUSE and making all services most efficient and cost effective to clients.

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In General

The British Virgin Islands (BVI) offshore jurisdiction consist of 60 islands and cays having a total land area of 150 sq km. They lie to the north west of the United States Virgin Islands and are separated from them by a channel only five kilometers wide. ?There is an excellent daily air service between the Islands and the USA. Cruise ships call in weekly to the Islands and there are freight carriers. The population is around 16,000, most of them reside in capital. Official language is English.

The International Business Companies Ordinance was passed in August 1984. Since then it has been one of the major factors contributing to the success of the BVI as an offshore financial centre.
The British Virgin Islands are currently the world's leading offshore corporate domicile. There are currently over 300,000 IBC's registered and this figure increases by more than 2,000 companies per month. This is a major industry for this small and scenic part of the Caribbean.

You are welcome to discuss whether BVI offshore company is suitable for your purpose, both strategically and financially.

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Restriction

IBC's are prohibited from carrying on any business with persons residing in the BVI and from owning an interest in real property in the BVI.
The following are not construed as carrying on any business in the BVI
Maintaining a bank account.
Using the services of a professional firm.
Maintaining accounting records.
Holding meetings of shareholders and directors.
Holding a lease of property for use as an office.
Holding shares or other securities in another BVI company.
The memorandum of association must contain the name and address of the BVI registered agent.


Chandler Partners provides hassle free services from company name search, to Hong Kong corresponding address. Please contact us for detail. For ready-made company, please call us for a list for your selection.


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