british virgin islands (BVI) often referred to as “offshore tax heaven” is one of the most popular forex jurisdictions due to absence of profit, corporation and capital gains tax.Incorporation & obtaining license: depending on the Regulator. In general, can take from 4 weeks to 4 months Minimum paid up capital: is set on case-by-case basis. Once the application is submitted t...
Path: Licensing**The british virgin islands (BVI) legislation** obliges financial institutions to follow rules of the US Financial Account Tax Compliance Act (FATCA) and the OECD's Common Reporting Standard (CRS) in regards to sharing all relevant information with the international tax authorities. In February 2018, the british virgin islands International Tax Authority issued a reminder for companies who a...
Path: Blog**The british virgin islands are now discussing implementation of new rules for beneficial owners**. It is a problem of particular interest due to growing number of Asian beneficial owners of BVI companies. **BVI House Asia**, financial services promotion agency, organized a seminar in Hong Kong to discuss and inform Asian entrepreneurs about newest regulations. Above mentioned regulations ar...
Path: BlogAnother convenient tax haven is lost for business - the british virgin islands (BVI). Since January 1, 2019 criteria of economic presence for foreign companies has entered into force in BVI, which will become a powerful barrier for the registration of shell business. **british virgin islands, beloved all over the world for zero taxation of legal entities, in agreement with the European Union...
Path: BlogAn on-going initiative of the british virgin islands government to boost the local Financial Technology sector includes the development of the sovereign digital currency. The british virgin islands have been using the United States Dollar as the national currency since 1959. Today, the government is cooperating with a blockchain startup LifeLabs to implement a central digital currency that w...
Path: Blog...ly any corporate structure.Incorporation: 5 working days + delivery time for the courier (3-5 days) + 3 working days for the apostilled documents Minimum paid up capital: No minimum capital requirement Overview The british virgin islands (BVI) are located approximately sixty miles east of Puerto Rico and two miles fr om St. Thomas, U.S. Virgin Islands and constit...
Path: Companies...nities. Business regulation laws in domestic country sometimes are strict and oppressive for business. This means that there is a need for company founders to choose most advantageous places to do business. It seems everyone has heard about Cyprus, british virgin islands, Switzerland its loyal legislation for internationally based companies. Offshorelicense Ltd recommends our customers to choose ...
Path: BlogThere is no doubt that you have heard about such offshore destinations like Panama, the british virgin islands, Belize or Anguilla. These countries are now gaining popularity and are known for relocation of existing companies to overseas jurisdictions. At the same time, businessmen often decide to start new companies in the offshore jurisdictions to work within the new markets, manage taxes and ...
Path: Blog...ownership-register-barbados) of enterprises to the public, as was stated by the Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, at the STEP Conference. Recently, it was announced that the **british virgin islands (BVI)** and the **Cayman Islands**, two of the British Overseas Territories, are making preparations regarding the **launch of ...
Path: Blog...ly with the principles of fair and transparent taxation. Some of the countries were included as it was possible for offshore companies (structures) to generate a profit without "real" economic activity. These are Anguilla, Bahamas, Bahrain, Bermuda, british virgin islands, Caymans, Guernsey, Maine, Jersey, Marshall Islands, Turks and Caicos, UAE and Vanuatu. EU threatened to "blacklist" the above-...
Path: Blog**Russian Federal Tax Service (FTS) received data about foreign assets of Russian citizens in 58 jurisdictions, including the Cayman and british virgin islands, Mauritius and other offshore tax jurisdictions or jurisdictions with low taxation.** The number of citizens with accounts abroad and the number of companies controlled by them is yet to be disclosed by the FTS. Deputy Head of the FTS Ale...
Path: Blog**London requires the british virgin islands (BVI), to create an open database of offshore owners.** Local authorities already have a system for registering company owners, Beneficial Ownership Secure Search System (BOSS) with a limited access. In fact, full access to this system is granted to only two people, employees of the BVI’s Financial Investigation Agency. BVI authorities use BOSS to...
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