Registering a BVI Company

Jan. 19, 2010 - PRLog -- The process of registering a company in Britain is contained in the Companies Act. There are a number of requirements that a company is required by the Act to fulfill for it to constitute a company according to the definition contained in the Act. One of the most important requirements that is a must for a company is a director. This person is answerable for all the operations of the company. This director could have the domicile of another country not necessarily the BVI or Britain. This has opened doors to many foreign investors.

http://www.cclogic.com/register-offshore-company-online/bvi-company-formation.html

Another important requirement is a shareholder, at least one for the company to qualify the definition stated in the Act. The shareholder could be the director as far as they have been issued with shares and they have paid up an equivalent of $50,000 US. This makes sure that the company is capable of transacting in the BVI. There are advantages of registering an international company in the BVI, which include a tax-exempt period of a 20-year period. This gives the company enough time to stabilize while at the same time to maximize on its profits. The Companies Act allows the company management to hire an agent to open the company for them.

The BVI company registration requirements do not require the company to open the company under the real shareholder or proprietor's name. There are no public documents required in registration of a BVI company that bear the names of the proprietors of the company. This makes it favorable for companies that seek anonymous registration. The owner of the company could be an individual or a company. The registration requires a physical address of the company. However, a secretary is not a mandatory requirement like is the case in many other countries.

The BVI government does not interfere with the internal operations of a company. The company can hold their meetings, manage their business operations, and maintain their books of accounts outside the country. What matters are the operations that take place in the BVI and registration as well as tax remittance. The registration usually takes a period of 3 days minimum and 7 days maximum. This is dependent on whether the company has managed to attain all the relevant requirements and the paperwork that is involved.

For legal purposes, the company management is expected to present articles and a memorandum of association. This acts as proof of the operations of the company and gives the government an insight of the business operations as well as the management structure of the company. For the company that deals with delicate practitioner careers like medicine and accounting as well as financial services, approval of registration is subject to testimonial and provision of adequate proof that the company will meet the standards required by the field regulatory bodies.

http://www.cclogic.com/register-offshore-company-online/b...

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