The British Virgin Islands (BVI) offer a range of benefits in key areas to all kinds of companies, including those involved in the corporate finance and management business. You may have already decided you want to set up an offshore entity but are still not sure which location offers the best conditions.
Or you may be undecided if this model is right for your business in the first place. No matter what stage you are at in the process, our expert team at Coddan can help. Not only can we offer you insightful advice into the BVI as a location, we can also take care of the entire process, should you decide to go ahead.
So what are some of the benefits that establishing a company in the BVI can offer your type of business? When you open a company in the BVI, you are exempted from paying tax on the income your company makes. You will also pay no tax on capital gains, estate, inheritance, and gifts.
Plus, you won't have to pay any stamp duty. Operating from the BVI means you can enjoy a high level of anonymity. Owners, company directors, and shareholders can all choose to remain anonymous. Records and minutes of all meetings can be held privately as well.
Establishing your corporate finance or management business in the BVI will allow you greater flexibility overall. Compared to other locations, there are no onerous restrictions in the BVI on the nationality of the owners of the venture. All that is required to get started is a single registered owner, shareholder, and director – who can be one and the same person, if necessary – and meetings can be held anywhere you like.