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The set of corporate documents for a BVI Business Company or will always include the standard logical sequence of documentation: electronic copy of Certificate of Incorporation, Memorandum of Association, Articles of Association, the Minutes and Resolutions dealing with the appointment of Directors and the allocation ...
Certificate of Incumbency Certificate issued by the Company secretary verifying the Company's current status.
Both are considered British Overseas Territory. Each jurisdiction has its own set of laws. There are quite a few similarities and differences between those two islands. Both countries do not adopt corporate tax , inheritance tax, capital gains or VAT.
An Incumbency Certificate is a document issued by the Registration Office indicating that the company is in order on the day of the request. It includes the names of the directors and partners, the address of the company, and its level of capital, etc.
The Certificate of Incumbency is a document which includes the names, titles, and percentage owned by the company registered in Delaware. Only a registered agent has the authority to prepare, notarize and file this document on behalf of your company.
BVI Companies fail on the three main cornerstones of your offshore strategy. They fail on asset protection, they fail on tax avoidance for most people and they fail on protecting your privacy. There are much better options available. You should exercise extreme caution if somebody is trying to sell you a BVI company.
A BVI certificate of incumbency is a requirement by financial institutions globally for a BVI company to open an account. In most cases, we will advise new clients to purchase the certificate of incumbency as they can open bank accounts within the first 6 months of incorporation.
The function of the incumbency certificate is to prove that the specified individuals are authorized to enter into legally binding transactions on behalf of the company.