The British Virgin Islands (BVI) has long been one of the most popular jurisdictions for offshore incorporation and we at Chesterfield would know as we have assisted individuals in their formation and management of BVI companies for a large number of years now.
One of the main reasons that the BVI is so popular is ease of doing business. The governing body makes it a top priority to understand the needs of the modern corporate world and adapt to meet these needs, for example corporate directors are acceptable and there are no nationality restrictions. It is also a reasonably priced jurisdiction with a fast incorporation process. It has adapted with society and has a variety of different offshore vehicles to offer and therefore can be used for a variety of difference purposes.
Whilst some jurisdictions might have ardent procedures and outdated governances such as forced heirship the British Virgin Islands rational and modern practices mean that there are clear paperwork benefits. It also has favourable tax compliance and planning advantages.
Whilst borders are no longer the factor that they used to be and you can now incorporate anywhere depending on your individual needs you do have to have a registered office and substance in the British Virgin Islands to form you company there, however Chesterfield have been incorporating BVI companies for decades and are in an ideal position to assist you.
If you would like to know more about BVI incorporations and how they might benefit you then please do not hesitate to contact us.