The bvi financial services commission is the sole regulator of all financial services. The offshore corporation is easy to incorporate and easy to maintain. Trusts and mutual funds can take advantage of the lower taxes and security of a bvi company. The british virgin islands have modern infrastructure and good telecom systems. A new version of the bvi business companies act 2005 eradicated the two structure concept of a domestic company that operates within the bvi and an offshore company, allowing only one unified company. So lets say for example that in your router you have two interfaces that needs to get bridged one wireless and one wired for example and you want them to behave as if they were part of the same layer two broadcast domain because you want your hosts in either the wired. So for example if you are operating a software company with employees and offices in the new york, you cannot avoid the income taxes by registering your company in the bvi. They also speak english and use a legal system derived from english common law. Companies belonging to the unit4 business software. Register company in the bvi company registration bvi.
British virgin islands company law is primarily codified in the bvi business companies act, 2004, and to a lesser extent by the insolvency act, 2003 and the securities and investment business act, 2010. Looking for online definition of bvi or what bvi stands for. Unit4 business software holding bv company profile and. Disposal of a property hold by bvi company accountingweb. Restoration of a british virgin islands company service area. In line with icorps philosophy to create long business data chains, we. All packages are compressed with the gnu gzip program.
On 1 january 2007 the british virgin islands business companies act 2004 bvi bc act became the sole act for business companies in the jurisdiction. Here are contact details for the head office of the unit4 group papendorpseweg 100 3528 bj utrecht postbus 5005 3502 ja utrecht the netherlands. Owen jones solution manager public sector unit4 linkedin. It should be noted that certain activities will be subject to specific licencing. As the bvi is known as a low income taxation, many worldwide tax regimens simply disregard the existence of a bvi company if the beneficial owner is a tax resident somewhere.
Only registration and annual licensefranchise fees will apply. The bvi business companies act, 2004 as amended,1 the companies act offers a wide choice of corporate vehicles. One of its company subsidiary again a bvi company has a building in the uk. Soon the british virgin islands will follow and 15 other offices worldwide. Bvi is listed in the worlds largest and most authoritative dictionary database of abbreviations and acronyms the free dictionary. As per the bvi business companies act 2004, the registrar of corporate affairs maintains the registry of any incorporated companies, foreign companies, or charges. The british virgin islands bvi is a microstate whose national anthem is god save the queen. Create business company in bvi, starting company in british. We will provide you with an address to use as your registered office. Ideas ranged from the basic and fundamental such as bringing the bvi in line with us and uk. In spite of having the same features as a corporation, the bvi calls the types of businesses they permit to interact financially with nonresidents of the bvi business companies. A belief which we have already held for over 25 years. British virgin islands offshore company registration.
Responsible for delivering innovative enterprise solutions for our customers in the public. Additionally, one may use it to defer taxation and minimize liability when trading companies. A bvi company is a premier choice for asset protection and financial privacy. A bvi company can act as a holding entity for another company. Unit4 s nextgeneration enterprise software supports our customers in delivering an exceptional people experience to their customers from boosting success for students and professionals, to empowering the public servants and nonprofit teams doing good in the world we transform work to be more meaningful and inspiring through software that. Jul 31, 2015 it is impossible to accurately answer this without a lot more information about what the business does and how it operates. The first companies legislation in the british virgin islands was the companies act, 1884. So lets say for example that in your router you have two interfaces that needs to get bridged one wireless and one wired for example and you want them to behave as if they were part of the same layer two broadcast domain because you want your hosts in either the wired or. Only the certificate of incorporation and the memorandum and articles of association are part of the public records. How to set up a company in british virgin island bvi the whole process of bvi company incorporation might be divided into 43 parts. Unit4 business software corporate grouping unit4 is a software company that provides enterprise software and erp applications and related professional services to organizations in professional services, education, public services, notforprofit, real estate, wholesale, and financial services. Outer forty road, suite 125, chesterfield, mo 63017, us.
Unit4 losningen ar var enda gemensamma plattform for hela koncernen, vilken inkluderar drygt 8000 anstallda pa 150 olika platser. We also aim to provide services that go beyond just delivering bricks. The british virgin islands bvi is a british overseas territory and became autonomous in 1967. These services include commercial and residential property management, property sales to commercial and residential construction projects of all types. October 2016 the office of the registrar of corporate affairs the registrar in the british virgin islands the bvi has responsibility for the incorporation, striking off and restoration of companies to the. A company may be incorporated or continued under this act as.
Companies matching unit4 business software holding b. Bvi ibc or bvi offshore company is a tax free company incorporated in the british virgin islands. Bvi business companies are exempt from local taxes and stamp duty, even if they are administered in bvi. Tax advantages, however, are by no means the only benefit to registering an international business enterprise in a jurisdiction like british virgin islands. Incorporate bvi companies jumpstart business centre. Bvi business services limited overview free company. The bvi business companies act 2004 also provides for a possiblity to configure a business company with shares issued to a bearer.
The bvi business company bc is one of the most widely recognized and oldest offshore financial centres. Owning your own business comes with a lot of responsibilities, challenges and commitment. These services include residential and commercial developments, along with commercial sales, leasing, and management. It replaced the extremely popular and highly successful international business companies act. How to set up a company in british virgin island bvi. The companys line of business includes the management of funds, trusts, and foundations organized for purposes other than religious. Be we believe in providing a complete service for the construction of your business premises. Notice is hereby given that in accordance with the british virgin islands business companies act, 2004. Bvi is open for business government of the virgin islands. Bvi company matters are governed by the bvi business companies act of 2004, as amended. May 02, 2012 company formation is big business in bvi. Bvi tax haven has over one million incorporated bvi international companies. The bvi business companies act, 2004 bvi bc act entered into force on 1 january 2005.
I have a client who who is the director in a bvi holding company. Get unbeatable bvi offshore company incorporation prices here as we offer the best packages. Create business company in bvi, starting company in. The virgin islands are one of the oldest offshore centers. See who you know at bvi, leverage your professional network, and get hired. The holding company has 7 shareholders all nonuk residents and nonuk domiciled. A bvi company is a corporation formed in the british virgin islands under the bvi business companies act of 2004, which regulates all corporations. Effective 1 january 2005, the ibc act was replaced by the business companies act bc act. British virgin islands ibcs bvi business companies. Call or complete the inquiry form on this page for more help. Offshore company formation in british virgin islands. No filing of accounts or submitting annual returns is required after the offshore has been incorporated.
Confidentiality of information, particularly for bvi business company owners what information is held in public records. We contact the bvi registry corporate affairs and obtain the latest information on the target company which will show the companies current position and status. An experienced unit4 business world erp solution architect with a. Youre on the job 247 and you are the one ultimately accountable for what does and doesnt happen in your business the buck stops with you.
Bvi company registration what is a bvi business company 7 main advantages of bvi company registration compared to other offshore centres. Petter hakanson chief information officer, chief communications officer and chief business development officer, bravida. I am pleased to provide this update on the current status of our territory, following the devastation caused by hurricane irma almost nine weeks ago. It consists of little more than a few stretches of tropical beach, with a. Why and how to set up an offshore company in bvi flag theory. Since 1986, brothers jp and lamar baehr have owned and operated bvi development corp. The company must have a registered office within the british virgin islands. British virgin islands offshore company registration bvi setting up a company in british virgin island bvi british virgin island bvi is situated in the atlantic ocean and only 96 km east of puerto rico with a population of 25,000. Getting your company registered in bvi is a crucial part of incorporating your bvi, which will be the job of nex consultants. Bvi company, which is also known as bvi business company bvi bc, bvi international business company bvi ibc or bvi corporation, is the most recognized international legal entity. Download our order form to understand a company formation requirements ours and bureau of bvi british virgin islands. The bvi is a displayoriented editor for binary files hex editor, based on the vi texteditor. Sverige unit4 regionalkontor och kontaktinformation.
The group can be very helpful in addressing the business communitys concerns to government and supports a variety of cooperative efforts for better business relations throughout the bvi. The registrar must be informed at the time of incorporation if the company intends to carry on business with residents of the bvi. Free and open company data on netherlands company unit4 business software holding b. The certificate is provided from the registrar of corporate affairs with. In 1984, an international business company legislation ibc act was enacted in bvi which enhanced the islands popularity for offshore company formation. We are able to conduct a search on any company registered in the bvi. The british virgin islands has approximately 30 registered companies per head of population, which is probably the highest ratio of any country in the world. British virgin islands company documents, order certified copies of official company documents held at the registry of corporate affairs.
Bvi company registration and maintenance guide 4 choosing the name for a bvi business company. Unit4 specializes in software solutions for servicefocused organizations, whose success depends upon harnessing the experience, talent and time of their people. Unit4 financials, formerly known as coda financials, moved to the cloud and. Names of directors, officers and shareholders of companies formed. If you are familiar with vi, just start the editor and begin to edit. Meeting the needs of people is the starting point for everything we deliver helping them do what they do besteven better. The british virgin islands is a british overseas territory in the caribbean, with over 40 islands and selfgovernment in most internal matters. Bvi offshore bvi companies bvi company bvi company. The flexibility of a bvi company is great for ecommerce and joint ventures. Many other offshore jurisdictions followed the international business companies act 1984 a statute of the british virgin islands that permitted the formation of international business companies ibcs. Bvi located in spartanburg, south carolina provides the highest quality real estate services in the upstate.
The certificate of good standing includes the company name and company registration number. Britisch virgin islands jurisdiction corporate services. If you never heard about vi, maybe bvi is not the best choice for you. British virgin islands bvi offshore company formation how. There are many advantages to create a company in bvi, including that their annual maintenance is a lot less complicated than in many other parts of the world. The act applies to bvi companies, foreign companies registered in the bvi, bvi limited partnerships with legal personality and foreign limited partnerships registered in the. Acted for continental foods belgium, a cvc portfolio company, on its. If a company contacts you to offer investment opportunities or a loan, be wary. To date, the bvi evidently is the number one jurisdiction for offshore incorporation of tax free companies. Bvi business services limited free company information from companies house including registered office address, filing history, accounts, annual.
It created an environment where financial institutions and corporations can undertake a wide range of structured asset and project finance transactions in the territory. Youre on the job 247 and you are the one ultimately accountable for what does and doesnt happen in. At a minimum it sounds like you have a cfc controlled foreign corporation and at least have a filing obligation of a form. Update on bvi hurricane irma recovery by premier and minister of finance, dr. Home business registration incorporate bvi companies incorporate bvi companies jumpstart business centre 20200420t00. Netherlands, stationspark, sliedrecht, 3364da a member of unit4 business software 30 trademarks. Bvi company registration and maintenance guide 4 choosing. Many other offshore jurisdictions followed the international business companies act 1984 a statute of the british virgin islands that permitted the formation of international.
Private equity in belgium law firm and lawyer rankings from the. It is impossible to accurately answer this without a lot more information about what the business does and how it operates. They must authorize and license any company or person intending to conduct financial business. North america business software in the cloud unit4. A bvi bridge group virtual interface is a routed interface that represents a set of interfaces that gets bridged. Bvi is not a party in any double taxation treaty, which provides enhanced protection against fiscal inquiries. A bvi company may undertake any legal activity, including holding property in the bvi. The bvi business companies act no 16 of 2004 is the principal statute of the british virgin islands relating to british virgin islands company law, regulating both offshore companies and local companies.
While, in itself, bearer shares have usually represented the ultimate way of ensuring the anonymity of the owners of an offshore company, at this time and age this method is severely limited by the law. The certificate of good standing is a document issued by the registrar of corporate affairs of the bvi and the document certifies in pursuant of the bvi business companies act 2004. British virgin islands bvi offshore company formation. A bvi company must also have a registered agent located in the british virgin islands to hold the company records. If i own a bvi company and live in the us does my company. It played a crucial role in the economic and financial development of the territory. The british virgin islands offer distinct advantages over other. Bvi business services limited free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity. This means that we are the most reliable partner, both during the planning and construction phases. Types of companies under the bvi business companies act, 2004. This module, icorp time, aka sagitta, is fully integrated into the other software modules. Unit4 is an enterprise software suite, including finance management, accounting, erp, talent management and student management modules. However the great leap forward for company law in the jurisdiction occurred in 1984 with the passing of the international business companies act, 1984. About unit4 company overview business software in the.
Notice is hereby given, in accordance with the bvi business. Incorporation, capacity and powers division 1 incorporation. If you never heard about vi, maybe bvi is not the best choice for. The bvi international business company also called a bvi corporation has excellent tax benefits for its beneficial owners. There are restrictions on what types of words you can use in a company name. Under the bvi bc act, companies incorporated under the british virgin islands bvi companies act are exempt from all taxes provided under the bvi income tax ordinance. Would you like to know more about how our solutions could help your organization. Endtoend enterprise solutions to support people in.277 468 1421 1399 1441 321 91 1083 1325 130 1136 200 366 152 662 1472 214 298 1569 529 1548 912 489 719 1307 402 1212 775 167 1039 553 170 1589 233 910 1306 1446 401 158 478 1332 105 1370 1337 49 433 1367 1 1158