THE BRITISH VIRGIN ISLANDS

 

                                            ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

 

APPLICATION QUALIFICATION

1．  3 Company names to check the availability with the BVI Registrar, listed by priority

2.  I.D. or passport copy of the director/shareholder, who can be one person or more than one person and all should be more than 18 years old

3．Reference letter from bank/accountant/lawyer or commercial contacts, sample provided

 

APPLICATION PROCEDURES

Step 1 – finish Due Diligence documents 

Form M—new client registration form

Form E—incorporation application form 

Client’s Reference (Commercial & Banking Reference, see sample in Form M)

Passport or I.D. copy of directors and shareholders (USA citizens must sign the Declaration & Indemnity Letter)

Consent to act as directors

 

Step 2 – Confirm services such as secretarial service、bank opening、appointing nominee

directors or shareholders, issuing incumbency certificate, etc., sign contract and make payment.

          company’s names can be confirmed in 1 working day

 

Step 3 – Complete incorporation in 15 working days，sending all files to client

 

FEES

A． (Authorized Shares: 50,000 shares no par value of single class) including：

Ø  Legal Service Fee for Incorporation

Ø  Current Year Resident Agent Fee

Ø  Current year government tax

Ø  Courier

Ø  Company seal

                             

B.      Yearly maintenance fee：

The yearly maintenance fee beginning from the 2^nd year

 

 

STANDARD COMPANY KIT

Ø  Certificate of Incorporation

Ø  M&AA

Ø  Share Certificate

Ø  Share register

Ø  Director register

Ø  Written resolution of the directors, appointing officers and issuing shares

Ø  Appointment of first directors, duly signed

Ø  Consent to act as directors

Ø    Company Seal

 

NOTES

µ  BVI company can be incorporated by one person

µ  Director and officer of the company may not be the shareholder. And they can be of any nationality, or be a natural person or company

µ  The company registered capital does not have to be paid up upon the time of incorporation. The company is legally incorporated and maintained even if no assets has been put into the company

µ  If client plans to incorporate a company authorized to issue more than 50,000 shares regardless of the par value, the incorporation fee will increase and yearly maintenance fee will be increased

µ  After incorporation any changes to the company must be notified to the Registered Agent within 15 days according to BVIBC.

 

Please pay attention to the license fee：

Company incorporated during Jan. – June

-            Tax shall be paid during Jan. 1 – May 15;

-            10% penalty if paid during June 1 to July 31；

-            50% penalty if paid during August 1 to October 31；

-            Struck off from BVI registry since Nov. 1；

-            Certain restoration fee if paid during Nov. 1 to April 30, the next year；

-            More restoration fee if paid after April 30 compare with paid during Nov. 1 to April 30, the next year ；

 

Company incorporated during July - December

-            Tax shall be paid during July 1 – Nov. 15;

-            10% penalty if paid during Dec. 1 to Jan. 31；

-            50% penalty if paid during Feb. 1 to April 30；

-            Struck off from BVI registry since May 1；

-            Certain restoration fee if paid during Nov. 1 to May 1 to Oct. 31；

-            More restoration fee if paid after Oct. 31 compare with paid during Nov. 1 to May 1 to Oct. 31；

 

Application Forms

Application Form-Form E