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British Virgin Islands Company Formation

BRITISH VIRGIN ISLANDS
Type of Entity: BC International Business Company.
Type of law: Business Companies Act 2004
Shelf company availability: Yes
Incorporation time frame: Two days after receiving the required documentation.
Minimum Government fees: $350
Regular Corporate Income Tax: None
Minimum issued share capital : There is no specific minimum capital requirement as concept, but The standard authorized share capital is US$ 50,000.
Minimum paid up share capital on incorporation: None
Minimum number of Shareholders required: One
Bearer Shares: Yes (but to be held by a custodian only)
Nominee Shareholders Permitted: Yes
Minimum number of directors: One
Corporate directors permitted: Yes
Local directors required: No
Local meeting required : No
Company secretary required : Optional
General Meetings of Shareholders: No
Local Registered office required: Yes
Exchange Control: None
Disclosure of beneficial owner to Company Registrar: No
Government register of directors: Yes, in the BVI Commercial Registry
Annual return: No
Submission of accounts: No
Audit: No

We do our best to monitor the compliance of this jurisdiction with the latest international regulations set by OECD and other international institutions and countries.

At any moment, Damalion may decline any customer demand about this jurisdiction, at its sole discretion and without any obligation to provide any reason.

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