Consultants & Services

Member of ILS International Legal Services

BUSINESS COMPANY
BRITISH VIRGIN ISLANDS (BVI)
GENERAL INFORMATION
Official language English
Political stability Excellent
Application of the european directive on the
Not applicable
tax system of the saving
Corporate taxation Nil

COMPANY
Legal form of company Business Company (BC)
Type of Law Common Law
Cannot trade within the BVI or own real estate there.
Cannot undertake the business of banking, insurance,
assurance, reinsurance, fund management, collective
investment schemes, trust management, trusteeship,
Restrictions on Trading
the rendering of investment advice or any other activity
that would suggest an association with the banking or
insurance industries. Cannot offer its shares for sale to
the public.
Registered local agent Compulsory
Compulsory, must be maintained in the British Virgin
Registered Office Islands, and must be maintained at the office of a
licensed management company.
Shelf/readymade companies Yes
Language used for documents English
Latin Alphabet. Any name in a language other than
Company Name English must be accompanies by a translation to ensure
that the name is not restricted.
DIRECTORS

Eligibility Every individual or company

Minimum number of director One.
Publicly accessible records No
Place of residence of the director Can live all over the world
Obligation to have a local director No
Nominee Director Available Yes
Location of general meeting Anywhere in the world

IL Consultants & Services Ltd. Phone + 852 3104 2811

Suite 1905, St George Building Fax + 852 3104 2813
2 Ice House Street, Central, Hong Kong mail : mail@ilconsultants.com
 Consultants & Services
Member of ILS International Legal Services

COMPANY SECRETARY
Secretary Optional

SHAREHOLDERS

Minimum number of shareholders One

Maximum Number of shareholders Unlimited

Eligibility Every individual or company
Public accessible records No
Available Nominee Shareholder Yes

SHARES
Minimum number of shares One
Maximum number of shares Unlimited
Bearer shares Not authorized
Registered shares, shares of no par value, preference
Category of authorized shares shares, redeemable shares and shares with or without
voting rights.

SHARE CAPITAL

Authorized currencies All

Minimum paid-up capital US$ 1.00

Authorized maximum capital Unlimited

Paying up of capital Minimum paid up: US$ 1.00

ADMINISTRATION AND ACCOUNTING

Accounting Compulsory

Audit requirements: No

Requirement to file accounta No

Publicly accessible accounts No

BANK ACCOUNT
Location of the bank account Can be located anywhere
Possibility to have a Bank Account in BVI Yes
Internet banking Yes
Exchange control No

IL Consultants & Services Ltd. Phone + 852 3104 2811

Suite 1905, St George Building Fax + 852 3104 2813
2 Ice House Street, Central, Hong Kong mail : mail@ilconsultants.com