Owning an IBC in BVI

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Corporate Acts

The Companies Act 1985 and the International Business Companies Ordinance 1984 (as amended and the Banks and Trust Companies Act 1990). A company incorporated in the British Virgin Islands has the same powers as a natural person. The time taken to incorporate a company in BVI is 2 days, but allow ten working days for receipt of documentation.

Common or Civil Law

Common

Taxation on Foreign Profits

NIL

Bearer Shares

Permitted

Disclosure of Ownership

No

Minimum Paid up Capital

USD 1

Standard Authorised Capital

$ 50k

Minimum Number of Directors

1

Minimum Number of Shareholders

1

Local Directors

Not Required

Corporate Directors

Permitted

Company Secretary

Not Required

Company Seal

Yes

Public Register of Directors

No