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Open a Foundation in BVI

Updated on Monday 05th March 2018

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Open-a-Foundation-in-BVI.jpgThe British Virgin Islands are a popular Caribbean offshore destination. The English-speaking islands offer a recognized business regime and attractive features for BVI offshore company incorporation.
 
Investors can open a foundation in BVI or choose to incorporate an international business company. Regardless of the chosen business structure, there is no corporate income tax.
 

The BVI foundation

 
A foundation in the British Virgin Islands benefits from the taxation and confidentiality benefits according to the local laws and can be used for asset protection or transfer services for inheritance or succession planning or for charitable purposes.
 
Investors in the British Virgin Islands can use the foundation for charitable and non-charitable purposes. As a result, this can be a suitable investment vehicle and entrepreneurs can use it to hold various types of assets. Among these, we can list stocks or bonds, bank assets, intellectual property, personal assets for inheritance purposes or immovable property. 
 
In general, the foundation’s founder/s will be the beneficial owner/s, nevertheless, there are no requirements for them to be residents and in some cases, the foundation can be established with no beneficiaries at all, but with a clear purpose specified in the foundation’s documents. These documents will also include other information, like the registered office of the foundation, which will be located in the British Virgin Islands, and the duration of the foundation. The foundation is exempt from taxation in the BVI.

 

Conditions for offshore businesses in BVI

 
The British Virgin Islands company formation is an accessible one and there are no restrictions on nationality for investors. The legislation for company incorporation offers many advantages, from an easy set-up process to no taxation and a high degree of confidentiality.
 
A requirement for BVI company incorporation is to have a local registered agent and this service is provided by our team of company formation specialists. Most investors will also choose a nominee director services, which can also be provided by our team.
 
Contact us for complete details on BVI company formation and more information about the services we provide to foreign investors.
 
 

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