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Offshore Companies Registration |
| Company Registration in British Virgin Islands (BVI) |
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| Corporate Requirements |
- One of more shareholdeer aged 18 or above, of any nationality, with valid passport or identification card;
- Bearer shares are allowed;
- One or more director (corporate directors are permitted);
- Registered address (can be provided by our company);
- Statutory secretary;
- Minimum USD 50,000 of registered capital share;
- No requirements for annual returns, annual meetings or audited accounts
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| Required Information |
- Name of BVI company (can be Chinese)
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| Taxation |
- BVI companies are not subjected to taxation. However, an annual government license fee of USD 300 is required for BVI companies having less than USD 50,000 of capital stock
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| Company's privacy |
- Roster of shareholders and directors would not be disclosed publicly;
- Minimal statutory filing requirements
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| Registration Procedure |
Issuing a Power of Attorney
- Signing agreements;
- Director signing statutory documents;
- Registering at government departments;
- Registration completed
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It takes approximately 10 working days for complete registration, and an additional 2 to 3 working days are needed if the name of company contains Chinese characters.
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| Fees |
- Company registration services from HKD 8,000;
- USD 1,300 of stamp duty if the registration capital exceeds USD 50,000
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| 60% of the total fees as deposit, and the remaining payment should be settled upon issue of company registration certificate |
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| Company Kit (acquited after registration) |
- BVI company registration certificate;
- Memorandum and Articles of Association (M & A);
- Share certificates;
- Roster of directors and shareholders;
- Statutory minutes;
- Common seal and company chop
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| Updates |
| BVI has signed a cooperation commitment with the Organization for Economic Cooperation and Development (OECD). This demonstrates the efforts of BVI in upholding standards of transparency and effective exchange of information, and in preserving international relationships. |
| In addition, on April 3rd 2002, the United States has signed a new agreement with BVI, allowing the exchange of information for criminal tax evasion, administrative and civil matters on US federal income tax. The information would be kept confidential to third parties. |
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| SML Accounting and Tax Consultants Co., Ltd. |
| Address: 5/F., Greatmany Centre, 111 Queen's Road East, Wanchai, Hong Kong |
| Tel: (852) 3113-6066 Fax: (852) 2520-0121 QQ: 2562408268 |
| Contact: Ms Cheung (Company Registration in Hong Kong) Ms Chan (Offshore Companies Registration) |
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