SHAREHOLDERS

A minimum of one shareholder is required and either registered or bearer shares may be issued. No details of the shareholders appear on the public file but  a register of shareholders must be kept at the registered  office address of the company in BVI

DIRECTORS

A minimum of one director is required and corporate directors are permitted.   Details of the directors do not appear on the public file.

ANNUAL REPORTING

No annual return or accounts need be filed.  It should be noted that penalty fees of up to 50% of the annual Government fee will be incurred if the licence fee is not paid when due.

TIMESCALE

Incorporation can be achieved within 24 hours however, it does take approximately 1 week for documents to arrive from BVI.  We do keep ready-made companies in stock available for immediate purchase.

RESTRICTIONS
ON NAME AND
ACTIVITY

Names must end with one of the following words, or abbreviations   thereof - Limited, Corporation, Incorporated, Societe Anonyme or Sociedad Anonima.
The following words, and their associated activities, cannot be used: Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Co-operative, Fund, Imperial, Insurance, Municipal, Mutual Fund, Royal and Trust.

LOCAL
REQUIREMENTS

As a matter of local company law the company MUST maintain a registered office address within BVI and must also appoint a BVI resident as registered agent.  We would generally provide these services as part of the domiciliary service fee.

SECRECY

There are no specific statutory provisions governing secrecy in relation to companies but English Law, which applies within the jurisdiction, does impose a common law duty on professionals to keep the affairs of their clients confidential.