Virgin Islands Registered Limited Liability Partnership Application Form
Description
How to fill out Registered Limited Liability Partnership Application Form?
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THE MOST IMPORTANT CHARACTERISTICS OF A BVI BC IN DETAIL EXEMPTION FROM TAX? ... LEGAL PERSONALITY. ... STRUCTURAL FLEXIBILITY. ... Provisions against confiscation. ... Keeping of accounting records/ FINANCIAL RETURN REQUIREMENT. ... BVI Economic Substance requirements. ... Various types of incorporations. ... No requirement to state operational objects.
Basic taxes (briefly) BVI Business companies are exempt from any taxation, regardless their source of income. The only tax existing in the BVI is payroll tax for companies employing local working force; the current rate is 8%, first USD 10 000 are tax exempt.
There are two types of partnership that may be formed under B.V.I. law. One kind is where all the partners have unlimited liability for the debts and obligations of the partnership (?general partnerships?). The other kind is where some of the partners have limited liability (?limited partnerships?).
Our package to setup Offshore Company in BVI starts is $1,690 $1,490. It includes all the essential documents so that your business is fully functional right from the day of registration. Our BVI company setup package includes: Certificate of Incorporation Issued by Company Registrar.
Procedure for Company Registration in BVI Choose and Reserve the Company's Trade Name. Appoint a Registered Agent for the Company. Open a Corporate Bank Account for the Company. Submit the relevant documents for process completion. Apply for required licenses to commence Business Operations.
How do I conduct a company search? Information on companies formed in the British Virgin Islands can be obtained from the BVI Commercial Registry. General information on a company's registration number, registered office, incorporation date, status and authorized capital, etc. is available.
For BVI company authorized to issue no more than 50,000 shares, the incorporation fee is US$550. For BVI company BCs authorized to issue more than 50,000 shares, the incorporation fee is US$1,350. The fee for registered agent are typically around US$500 to US$1,000 per year.
Only 1 director and 1 shareholder are required in a BVI Company Formation, the director and shareholder can be the same person. You do not need to be resident in BVI to be a director or shareholder. A BVI Company Registration can be set up with no personal visit required.
