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Typical Uses for British Virgin Island Companies Worldwide

CCP Financial Consultants Limited (CCP) is a BVI based, multidisciplinary financial solutions firm dedicated to providing premium financial solutions including company incorporation in the BVI to a local and global clientele. <br>

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Typical Uses for British Virgin Island Companies Worldwide

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  2. Typical Uses for British Virgin Island Companies Worldwide In 1984, BVI introduced the International Business Company (IBC) Legislation, allowing businesses to incorporate in the territory. Its solid regulatory structure, dependable government, modern legal structure, accommodating business procedures and opportune timing, attracted worldwide attention and catapulted the BVI to become the world most popular choice for offshore corporate domicile.

  3. Typical Uses of the BVI Company BVI’s International Business Company Act essentially allows an incorporated company to participate in any type of business (of course, provided such is not illegal under local laws). Some of the most common uses include: • Trading: a company that focuses on importing or exporting, sale and distribution of goods. • Holding: an entity that acts as the overall holding company for real estate, investments or trading companies in a global corporate structure. • Boat Registration: A vehicle under which to register an offshore ships and yachts operating globally. • Investment Hedge Funds: Flexible solutions and low-cost infrastructure and are tax exempt.

  4. Typical Uses of the BVI Company • Crypto / Fintech Solutions: Despite a lack of specific regulations for this sector, BVI companies are very popular in this marketplace. • Asset Protection: BVI is a popular trust establishment jurisdiction. Trusts protect assets and allow for effective succession planning. Trusts protect the settlors and beneficiary confidentiality, are not subject to probate, and are tax exempt. Minimal Incorporation Requirement • Minimal requirements to satisfy prior to incorporation include: • Completion of an application form • Certified or Notarized passport copy • Certified or Notarized proof of address • Provision of References • Due Diligence Verification Process

  5. Great Advantages • Can have a single director and single shareholder • A company secretary is not mandatory • There is no residency requirements for directors • There are no stipulations as to frequency or location of meetings of directors or shareholders. In addition telephone meetings and written resolutions executed in counterpart are allowed. • Audited financial statements are not required • Low initial incorporation and maintenance cost compared to other jurisdictions • Minimal corporate recordkeeping requirements and flexibility as to where the original corporate records can be maintained

  6. Contact us CCP financial consultants limited Ph no. +1 (284) 494-6777 mail@ccpbvi.com Website: ccpbvi.com Thank u for watching…

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