Offshore companies are corporations created within a foreign legal system that is politically secure and contains a trusted authorised system, such as Jersey Companies from http://www.offshore-formations.co.uk/
The British Virgin Islands is an offshore jurisdiction and British abroad territory and so you can set up your own British Virgin Islands Company there.
The Virgin Islands are a selection of around forty tiny islands located in the Eastern Caribbean, towards the east of Puerto Rico.
They are often known as the British Virgin Islands (BVI) and the islands constitute part of the remaining islands constituting the U.S. Virgin Islands.
British Virgin Islands government publications and regulations have recently basically referred to the Territory as the “British Virgin Islands”.
The British Virgin Islands consist of the main islands of Tortola, Virgin Gorda, Anegada and Jost Van Dyke, along with over fifty other smaller sized islands.
The capital is Road Town and around fifteen of the islands are inhabited.
According to the BVI IBC Act of 1984, the foreign companies are let off from all the taxes for the period of two decades.
Versatility in company structure of an offshore British Virgin Islands Company includes:
- Only one director or shareholder required for the company formation.
- Shareholder(s) and director(s) may be the same person.
- The shareholder(s) and director(s) can be a natural person or a corporate body.
- There is no requirement of appointing local shareholder(s) and director(s) for British Virgin Island Companies.
- There is no requirement of resident secretary.
As well as the British Virgin Islands, you can also set up a Jersey Company.
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