It is a well-known fact that the British Virgin Islands has positioned itself as one of the most favourable locations when it comes to offshore business incorporation. High-end confidentiality, tax exemption proceedings have been turned out to be core dimensions that have established the ground as a profitable offshore investment destination.
Now, it turns out to be much easier for a foreign investor to opt for a ready-made office rather than registering and hunting for a commercial premise. Understanding this need, the British Virgin Islands (BVI) provides the flexibility to the business investor to proceed with the shelf company. This guide will highlight the essentials that one needs to know before investing in BVI.
What is a Shelf Company?
A shelf company is a ready-made business entity that has been registered but doesn’t carry out business activities. These companies are already registered or are available for immediate registration/ purchase. An older shelf company would hold a higher increased value as compared to a new one. It is highly recommended to buy a shelf company along with a bank account as that turns out to profitable for the business investors. Some of the core reasons for opting for a Shelf Company are:
What is the Process to Buy a Shelf Company in the British Virgin Islands?
The registration process of a shelf company in the BVI includes the following steps:
Investing in the shelf company in the British Virgin Islands (BVI) is widely opted by foreign investors. Some of the core reasons that provoke foreign investors to invest are:
The British Virgin Islands is one of the booming destinations for offshore investment. Here are the top ten benefits of starting a business in BVI.
While proceeding towards the purchase of a shelf company, it is recommended to proceed with expert’s advice as due diligence is a mandate. By proceeding with an expert’s help, one can gain the following benefits:
Here’s a guide on how a business consultant can help you to start an offshore business in BVI.