13 Aug 2003 - The British Virgin Islands
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CORPORATE SECRETARIAT International tax planning Protecting your assets is our mission BRITISH VIRGIN ISLANDS The British Virgin Islands (BVI) are made up of about 15 islands in the British West Indies or Caribbean and the largest of the islands is Tortola. All business operations, banks, and law firms are located in Road Town on the island of Tortola The BVI have experienced phenomenal growth in recent years and approximately 250,000 International Business Companies (IBC's) have been incorporated in the last 10 years. The BVI are politically and economically stable. The base currency is U.S. dollars and there are no exchange controls. The language spoken is English TAXATION There is no corporate income tax, no capital gains tax, and no withholding tax CORPORATE * There is no minimum capital requirement, and shares may be issued with or without par value. Bearer or registered shares are permitted. The share capital can be in any currency but should not exceed $50,000 (without incurring more duty). There is no public registry of shareholders * The minimum number of directors is one. Corporate directors are permitted. There is no public registry of directors * The objects clause can be very wide to include any lawful activity * The name of a BVI company can be in any language and can end with Limited or Ltd, Corp. or Corporation, Inc. or Incorporated, or Sociedad Anonima or, SA. COMPLIANCE There are no filing requirements, i.e. no balance sheet or accounts, no audit, no Annual General Meeting, and no annual declaration. PRACTICAL * Bank accounts can be opened in any part of the world * Meetings of directors can be held anywhere in the world and by telephone if necessary * We keep a permanent stock of ready-made companies. | |
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information Please contact : Derek R. SMITH of M.C.S Email: assetprotect@libello.com Tel +377 9797 6230 Fax +377 9797 6233 While every effort has been made to ensure that this information sheet is accurate and up-to-date we cannot be held responsible for any errors or omissions. | |