Search
british virgin islands Forex License
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: LicensingThe british virgin island Authority declared a warning for CRS and FATCA
**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: BlogNew beneficial owner policy in british virgin islands
**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: BlogTax storm. british virgin islands ceased to be a "haven" for shall companies
Another 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: Blogbritish virgin islands announces a dollar-backed digital coin
An 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: Blogbritish virgin islands International Business Company Formation
...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: Companies6 things to consider when going offshore in 2017
...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: BlogWhy Moving Your Business Offshore Sounds Reasonable
There 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: BlogTwo more opponents of the UK policy regarding public registers
...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: BlogOffshore jurisdictions introduce strict requirements for tax residents
...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: BlogRussian Tax Authority has received data on foreign accounts and assets of its citizens in 58 countries
**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: BlogThe BVI announced the main condition for the disclosure of beneficial owners information
**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...
Path: BlogEstablishing an Offshore Business: An Overview
...istration: Both jurisdictions do not require a minimum share capital, and registration is simple, often taking only two working days. 2. Conventional Tax Havens Offshore firms have historically preferred jurisdictions such as the Cayman Islands, british virgin islands (BVI), Seychelles, and Belize. By keeping their information out of the public domain, these places provide directors and shareh...
Path: Blog