AmPlus Business Services Limited |
Hong Kong Company Formation Offshore Bank Account Opening |
Background |
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Location |
Locate in the Caribbean approximately 80 kilometres east of Puerto Rico. |
Official Language |
English |
Legal System |
English Common Law |
Currency |
US Dollar (USD) |
Exchange Control |
None |
Time Zone |
GMT -4 |
Key Corporate Features |
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General |
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Type of company: |
Business Companies |
Principal corporate legislation: |
BVI Business Companies Act |
Shell companies available: |
Yes View Now |
Corporate taxation: |
Nil |
Share capital or equivalent | |
Standard currency: |
USD |
Minimum paid up: |
US$ 1 |
Standard authorised capital / shares: |
50,000 shares |
Directors | |
Minimium number: |
1 |
Local required: |
No |
Corporate directors permitted: |
Yes |
Publicly accessible records: |
No |
Shareholders | |
Minimum number: |
1 |
Local required: |
No |
Publicly accessible records: |
No |
Company Secretary | |
Required: |
Optional |
Annual Requriements | |
Annual Return: |
No |
Audit requirements: |
No |
Requirement to file accounts: |
No |
Publicly accessible accounts: |
No |
Other | |
Govt Filing of Registers of Directors: |
Optional |
Govt Filing of Registers of Shareholders: |
Optional |
Advantages of BVI Companies |
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Totally exempt from BVI income tax (if no business in BVI). |
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No disclosure of shareholders or directors to the public or the government. |
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Only one shareholder and director is required. |
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Do not require a resident secretary, local shareholders, or local directors. |
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Minimum issued and paid up share capital required is US$ 1. |
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No mandatory requirement for annual return / accounts filing. |
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Allow to have bank accounts in any region around the globe. |
Restrictions on BVI Companies |
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Prohibit from carrying on any business with persons residing in BVI. |
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Prohibit from owning an interest in real property in BVI. |
BVI Companies Setup Requirement |
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Company Name |
Company name should be in English, Chinese name could be registered as additional. |
Share Capital |
Minimum US$ 1 issued and allotted share capital. Standard registration share capital is USD 50,000. |
Director |
At least one, no nationality limitation, individual or corporate is also allowed. |
Shareholder |
At least one, no nationality limitation, individual or corporate is also allowed. |
Company Secretary |
Not required. |
Registered Agent/Address |
Require one local authorized registration agency. Registered office must be maintained in the BVI and at the office of a licensed management company. |
Processing Time |
Tailor-made company, about 8 - 10 working days. Ready-made company, 1 - 2 working days |
BVI Companies Setup Procedure |
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Tailor-made Company | |
Step 1 | |
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Suggest at least 3 company names for the proposed company. |
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We will conduct name search to ensure the proposed names have not yet been registered. |
Step 2 | |
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Provide basic information about directors and shareholders (including address, nationality and passport or ID card copy). |
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Confirm company structure and share allocation. |
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Fill in the related order form and provide identification documents together with the first 50% payment. |
Step 3 |
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We will prepare incorporation / registration documents and send to you by email for your signature. |
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You will need to sign incorporation / registration documents and send back to us together with the final payment. |
Step 4 |
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We will collect Certificate of Incorporation (CI) upon approval of registration and prepare company kit for the new company. |
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Upon completion, you will receive full set of incorporation / registration documents and company kit by courier. |
Ready-made Company | |
Step 1 | |
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Choose a preferred company name from the Ready Made Companies List. |
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Provide basic information about directors and shareholders (including address, nationality and passport or ID card copy). |
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Fill in the related order form and provide identification documents together with the first 50% payment. |
Step 2 | |
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We will prepare relevant incorporation / registration documents and send to you by email for your signature. |
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You will need to sign the incorporation / registration documents and pass them back to us for processing. |
Step 3 |
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We will send copy of CI to you for confirmation and prepare the company kit. |
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You will receive full set of incorporation / registration documents and company kit by courier upon completion. |