Planning BVI Company Set Up? Hire Professionals

The main two pillars of BVI economic system are tourism and the financial services; and both of these are interrelated. However, these two factors have made BVI the most prosperous economies in the Caribbean region. Here, according to 2010 census data, the average monthly income of a worker was US$2452.

This highly flourishing economy along with a friendly tax system has turned this place a favorite destination for financial services; and BVI has become an important offshore financial center. In fact, 51.8% of the BVI government revenues comes from the license fees of the offshore companies.

However, you can go for a BVI Company Set Up and make a good use of the friendly business environment of BVI. However, if you plan for a company formation in BVI, then hire professional service providers for a smooth experience and adherence to all the legal and regulatory framework.

The Services Offered

Incorporation

• The corporate services ensures legal and statutory compliance

• Incorporation of BVI Companies and Limited Partnerships

• The professional service providers maintain company documents like share registers, director registers and officer registers

• Books and other important records are also carefully maintained and handles

• The professional corporate service providers prepare resolutions and other corporate documentation

• In every job, they follow corporate law and statutory regulations in preparing documents

• Attending to the necessary filing with the Registry of Corporate Affairs regarding (1) Name Changes, Amendments to Memorandum and Articles of Association, (2) Changes in shareholders, directors or officers, (3) variations in authorised capital, (4) Drafting Charges or their release and their registration, (5) routine company secretarial procedures, (6) Special structured Articles and Memorandum

Companies

• A standard BVI company has 50000 shares

• Use any stated currency to purchase the share

• A BVI company can have a greater number of shares

• For a greater number of shares they will have to pay extra registry charges

• The shares may belong to different class or series

Limited Partnership

• A very effective tool for a new company formation

• A BVI company is attached to limit the liability

• In this mode of company formation the company must have a general partner

• The limited partnership can be with or without a legal personality

Due Diligence

• Due diligence must be given to the agents; and advice related to this matter can be taken from the professional corporate service providers

• Documents like a reference letter along with an ID can be requested

Conclusions

However, the professional services can also assist you in the matters of fund formations like Incubator Hedge Funds, Approved Funds, Professional Funds and Private Funds if you want your company to operate in the Hedge Funds.

So, if you are planning a BVI Company Set Up, then hire professional service provider as company formation is a complex affair. A professional corporate service experts help you comply with all the regulatory guideline and legal framework related to matters like taxes etc. So, search online for a professional service provider.