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British Virgin Islands
Set up Fee:
- The fee is HKD$6,200 (USD$800)The default number of authorised shares is
50,000 with par value USD$1or no par value. (Additional delivery and administration charges for area outside
HKSAR)
- No surcharge for addition of Chinese name for new formation company. While
additional HKD$1,000 would be charge if you buy a shelf company with Chinese
name.
- Clicks follows for shelf company: (List
1) (List
2) (List 3)
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How long does it take?
- It takes 12 working days for
registering a new one and 2 working days only for
buying a shelf company.
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Advantages for establishing BVI Company:
- Able to open bank account in Hong Kong and other countries
- Most popular offshore company, more choice for shelf company
- Owners of company get good privacy. Companiesˇ¦ information is not publicized,
disclosure to agent is required only
- No auditing is required by the Goverment of BVI
- Tax duties are completely exempted if business is not operated in BVI.
- Properties can be bought or sold under the name of the company
- BVI company is a good tool for offshore trading to avoid tax
- Easy maintenace
- BVI enjoys political and economic stability
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BVI Company package includes the followings:
- Incorporation certificate
- Memorandum and article for the company
- Company shares
- Pre-inked stamp
- Common seal
- Submitting information of shareholder(s) and director(s) to Companies RegistryˇF
- Statutory book
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Annual maintenace fee:
- The annual maintenace fee is HKD$6,200(USD$800). It includes Governement
annual registering fee, registered office fee and agency fee.
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Other fee
- Bank may request for a Certificate of Incumbency or a Certificate of Good
Standing from the company, which want to open account. We could provide such
document upon request. The cost for each document is HKD$1,000.
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