7 Whitechapel Road, office 410, E1 1DU London info@zenron.cz Mon - Fri 8:30 - 17:00
There are currently over 1 million IBCs registered in the British Virgin Islands. The legal system is based on English law. The British Virgin Islands ranks among the most popular tax havens thanks to its flexible legislation, low tax burden and the possibility to register trusts, banks, insurance companies and funds in addition to the most used IBC company. Companies such as DHL, FedEx are represented here.
The English legal system, which means long-term political and economic stability and a high degree of credibility. 0% tax! (fee to government is $350). What does that mean for you? It is simple. 0% taxation (but it is important to know that your business must be carried out outside the British Virgin Islands (BPO).
The long history and economic stability make BPO the most popular offshore jurisdiction for foreign companies, which will maintain a good reputation among partners and other companies. Thanks to the International Business Companies Act, which covers international commercial entities, BPOs became the model for future offshore jurisdiction legislation in 1984.
Companies are not subject to audit, do not have to file tax returns and do not even have to keep accounts and submit financial statements. This means minimal paperwork, less work and more savings for you!
The register of companies is partly public, you can read from it whether the company exists, its registered office and registered agent. The names of shareholders and directors are not publicly available.
There are currently over a million foreign entities registered in the British Virgin Islands. You too can be one of them. Register your British Virgin Islands company now.
The BVI is an overseas territory of Great Britain, and the European
Commission is very keen to ensure that the entities in the BVI are subject to
the directive of the European Commission – the so-called EU Tax Saving
Directive. The offshore sector in the BVI would thus be practically
uninteresting for European clients in view of the emergence of a notification
obligation in the BVI regarding the assets of natural persons located here in
the future. For example, the Slovak Republic with reference to the cited one
directive of the European Commission has already concluded an interstate
agreement on the exchange of information with the BVI. Given the legal
uncertainty, we recommend consistently using nominee services or establishing a
company in another jurisdiction.