Purchase a Ready-Made Offshore Company in the BVI

The British Virgin Islands (BVI) is a leading offshore jurisdiction offering wonderful tax planning opportunities. The place is attractive for its well-thought-out legislation, a high level of confidentiality protection, and a stable economy. Companies registered in the BVI are used for international trade, holding, consulting, and asset protection purposes. The BIV is a highly competitive financial center. Below we discuss the opportunity to buy a ready-made company registered in the BVI. This is a chance to quickly start your international business operations.

Advantages that the BVI offers to international entrepreneurs

A company domiciled in the BVI is an efficient business and investment instrument. The main reasons why you should consider registering or buying a company in the BIV include the following ones:

• Small fiscal burden. An international company registered in the BVI does not have to pay any corporate income tax. If a company does not have any sources of income in the jurisdiction but derives profits from commercial operations in other countries, it is considered a foreign company that does not have to pay taxes nor submit any reports in the BVI. The only payment that is due is an annual state duty.
• Easy company management. The company owner does not have to do audits or hold meetings in the BVI. The corporate records can be kept at any place, not necessarily in the BVI. You can manage your company remotely without relocating to the BVI (even though the jurisdiction is a resort area in the Caribbean).
• Lax requirements to company founders. There are no requirements to the charter capital and no need to hire a local company director in the BVI.
• Favorable business environment. The local laws provide transparency of property rights transfer and incentivize foreign investors. 

High level of confidentiality. The names of the company owners and directors do not have to be disclosed to the public.

A ready-made company in the British Virgin Islands

A ready-made (or a shelf) company is a company that has already been registered by the BVI authorities. Its new owners can avoid building a company from scratch and start business operations right after signing the purchase agreement.

Advantages of purchasing a ready-made company in the BVI

Purchasing a ready-made company in the BVI would make good economic sense. The main advantages include the following ones:

• An opportunity to start commercial operations immediately.
• An opportunity to buy a company with a good business history.
• Simplified access to credit services thanks to a good financial reputation.
• Trust on the part of clients and partners who can appreciate the company’s success and see a good business history.
• Less red tape as all the corporate documents are already in good order and the company name has already been approved. Appointing a new company director takes little time.
• Purchasing a ready-made company in the BVI allows avoiding the bureaucratic processes associated with registering a new company.

How to buy a ready-made company in the BVI

The stages of purchasing a company in the BVI include the following ones:

1. Company selection. Specify your requirements to the company including its age, bank account availability and business history. Q Wealth experts will be able to offer you several options that meet your requirements.
2. Company inspection. The selected company will be inspected for its legal and financial state. Our experts will audit the bank statements and other documents, which will let you avoid potential risks.
3. Document preparation. You will have to submit a copy of your passport and proof of address. Probably, a letter from the bank or your lawyer is also going to be required. We will help you prepare all the necessary documents.
4. The purchase deal. The buyer covers the cost of the company as well as additional costs and the property right is transferred to him/ her.
5. Registration of the changes. All the changes to the statutory documents as well as the change of the company UBOs have to be registered with the relevant authorities in the BVI.
6. Opening or restoring a bank account. If the company has a bank account, you have to make certain that it is functional. If you wish, we can set up a new corporate bank account for your company.

Please also consider the opportunity to apply for additional services such as accounting services, legal support, and tax planning consultations.

Please note that companies sell at different prices in the BVI. Purchasing a company also involves some additional costs that have to be covered in accordance with the law:

• State license fee (US$ 550);
• Due diligence fee (US$ 175);
• Director appointment registration fee (US$ 175);
• Equity transfer fee (US$ 190).

Please bear the additional expenses in mind when planning your budget because you could not avoid paying these fees when buying a company in the BVI.

Conclusion

Purchasing a company in the British Virgin Islands would open multiple new business perspectives for you. The BVI is one of the most inviting offshore jurisdictions and doing business from there is a pleasure. Our professional support will ensure the security of the purchase deal. With our assistance, you will be able to start using all the advantages that an offshore company brings in a fast manner.