Virgin Islands Initial Incorporator Action Electing Initial Directors of Corporation
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FAQ
The incorporators of a company are not necessarily the same people who will own it. The owners may hire an incorporatorfor example, an attorneyjust for the purpose of incorporating the business.
Action by Incorporator is a document executed by the Incorporator of a Corporation, which is typically executed and effective immediately following the filing of the Corporation's. Articles of Incorporation or Certificate of Incorporation with the applicable Secretary of State.
ProcessSTEP 1 SUBMIT INCORPORATION ORDER FORM FOR BVI COMPANY INCORPORATION. Please provide us your email address in the package details and we will email you the necessary incorporation forms.STEP 2 MAKE PAYMENT FOR OFFSHORE COMPANY.STEP 3 INCORPORATE BRITISH VIRGIN ISLANDS COMPANY.
Typically, incorporators are the actual owners of the business. In such a situation, although they begin as incorporators with very little rights, they become the owners of the corporation once its existence begins.
A BVI company can be incorporated quickly, with a flexible organisational structure and minimal financial reporting requirements. BVI companies are ideal for startup companies as they can be operated from anywhere in the world and there are no restrictions on where a BVI company can carry out its business.
Incorporation costs in Year 1 amount to US$2,920 and annual company costs in Year 2 and thereafter amount to US$1,100. The average fee per BVI engagement amounts to US$9,570, which includes company incorporation, opening a local corporate bank account, and all government fees.
At this time of formation, the sole incorporator is the only person with authority to act on behalf of the corporation, so this consent provides the directors with the authority they need to take corporate action.
Incorporators are those stockholders who originally form a corporation, and whose signatures appear in the Articles of Incorporation. Each incorporator must own at least 1 share of the capital stock.
The incorporators may be composed of any combination of natural person/s, SEC-registered partnership/s, SEC-registered domestic corporation/s or association/s, as well as foreign corporation/s. Incorporators who are natural persons must be of legal age, and must sign the Articles of Incorporation/Bylaws.
Incorporators are those stockholders who originally form a corporation, and whose signatures appear in the Articles of Incorporation. Each incorporator must own at least 1 share of the capital stock.
