British Virgin Islands Offshore Companies

The British Virgin Islands or BVI as it is popularly known is a group of islands in the Caribbean. It is an overseas territory of the British and a part of the Virgin Islands archipelago. The economy of BVI is dependent on two major industries. One is of course tourism and the other is financial services. The regulations in BVI allow for offshore BVI company incorporation and this where the government gets almost 51% of its revenue. Many individuals and companies have made use of this opportunity and set up companies of their own or established offshore companies for companies that operate in other parts of the world. BVI incorporation is quite easy and there are also financial firms that can help you with the legal issues involved in it.

British Virgin Islands Company

BVI is a preferred location for setting up of offshore companies because of the lenient policies that have been adopted by the government. Certain kinds of companies get tax exemption and direct taxes payable are very low. Not only this, there is a stable economic and political situation which allows companies to function without any problems. They also have an excellent communication system that makes it easier for foreign companies to function there. BVI incorporation is a fast and easy process. Once you have chosen the name for the company and registered it, the entire processing and paper work will be done in about 10 days time.

BVI Company Incorporation by Financial Service Firms

Financial service firms provide a valuable service by enabling the setting up of offshore companies in BVI. The process is really fast given that all the necessary papers are submitted at the right time. Financial service companies can help you identify your company name which is the first step. Once this is done you need to open a bank account and then submit the required documents with the authorities. A minimum of red tape and bureaucracy makes British Virgin Islands company incorporation the easiest in the world and this is established by the fact that it is the largest offshore corporate domicile in the world.