Coverdale Trust Services Limited – BVI Business Companies

British Virgin Islands Business Companies

BVI Business Companies are corporations formed under the BVI Business Companies Act. In many places in the world “BVI” is synonymous with “corporation”. BVI’s business companies are used for a variety of reasons, including holding operating companies, holding real estate, and carrying on an active business.

BVI has long set the standard for internationally used corporations. Its corporate laws are advanced. It has a strong infrastructure of attorneys, accountants, registered agents, and other service providers to serve the international community. Advisors around the world are familiar with BVI corporations and corporate law, which enhances its usefulness. Have a look at the many features of the BVI Business Company that makes it so popular.

Perfect for doing business on the internet!

Regardless of where you live, BVI Business Companies are ideal for doing business on the web or anywhere else:

  1. Directors do not have to be resident in the BVI
  2. Shareholders and directors can meet anywhere in the world
  3. Shareholders and directors can meet by electronic means as long as they can all hear each other
  4. BVI does not impose an income tax, capital gains tax, or withholding tax on BVI Business Companies
  5. BVI does not impose estate tax on the shareholders of BVI Business Companies
  6. Depending on the laws of the shareholder’s tax jurisdiction and proper structuring, BVI companies can earn and accumulate income and capital gains tax free

Ideal for holding real estate located outside your home country too!

Holding real estate outside your home country directly may trigger estate taxes on your death.  Using a local company to hold the property may not solve the problem because many jurisdictions will treat local companies as being subject to estate tax as well.  However, companies formed outside the country in which the real estate is located are generally not subject to local estate tax.

People around the world have used BVI Business Companies to buy and hold their vacation condo, ski chalet or investment property.

Using a local company to hold property may not solve the problem because many jurisdictions will treat shares in local companies as being subject to estate tax as well.

There are four steps to forming a BVI Business Company with Coverdale

Complete an incorporation application (see our Incorporation page for the downloadable forms)

We will send you our due diligence requirements (documents that we need such as certified copies of your passport, proof of residence, letter of reference), our terms and conditions of business, and method of payment.

Send back the incorporation form, due diligence and other corporate documents for our review.

We send you our invoice.  Upon payment we will submit your documentation to the Registrar and upon their acceptance you are INCORPORATED!!  We will send your incorporation package of key documents upon the company being formed.

We do this all electronically!

bvi business companies