Incorporate offshore

Incorporate an offshore company in the BVI - an introduction.
Since the introduction of the International Business Companies Act (IBC Act) in 1984, in excess of 500,000 IBC's have been incorporated in the BVI, making the BVI the most significant and popular offshore corporate domicile.

Why incorporate offshore?
There are numerous reasons to legitimately incorporate offshore. To maintain business confidentiality, to legally avoid inappropriate regulations, preserve wealth in a tax-free environment, or create a flexible structure with which to make cross border investments.

Incorporate offshore - what does it cost?
In the BVI, the approximate cost to incorporate a standard IBC is in the region of US$1,000, plus additional fees for the provision of professional advice in the structuring of the company. The cost of maintaining an IBC, including its Government licence fee (the only BVI taxes or Government charges it is subject to) is approximately US$700 per annum, plus additional charges for directors' fees and any other administrative work undertaken.

Incorporate offshore - conducting business
Caribbean Corporate Services Limited has an excellent reputation for the high level of its client service. Business is conducted primarily through e-mail, the BVI has a good quality broadband internet service provider, and clients receive a response from us generally on the day we receive it.

Incorporate offshore - other frequently asked questions.
How confidential are the details of an IBC? - We as the registered office of the IBC are required to maintain a copy of the Registers of Shareholders and Directors. However, there is no requirement for these Registers to be filed with the BVI Authorities.

How confidential are the details of the beneficial owner of an IBC?
For due diligence purposes, we require details of the beneficial owners of an IBC. However, these details are only available to the Authorities in strict accordance with international co-operation agreements negotiated by the BVI and strictly adhered to by the BVI Authorities. "Fishing trips" by authorities in another jurisdiction are not tolerated.