As in the Republic of Panama, the British Virgin Islands, offer excellent advantages for international business. To offer the clients an Anglo-Saxon alternative to our jurisdiction, we are able to offer corporations incorporated in the British Virgin Islands.

Tortola, Capital of British Virgin Islands, is a British colony politically stable located in the Caribbean, approximately at 60 miles east of the Island of Puerto Rico. It is considered one of the most important financial centers and services of the region.

The greatest advantages of the British Virgin Islands on other existing jurisdictions are: a) their low prices; b) flexibility in connection with the registration of Minutes and formation of directives; and c) fast availability of ready made companies.

The advantages offered by the International Business Ordinance of British Virgin Islands appears illustrated in the following points:

A complete exoneration of income tax, retention tax, tax of capital profits and equity tax.
A BVI Corporation may be incorporated by any individual and the person need not be present in the British Virgin Islands for its constitution.
The shareholders may have any nationality.
The Corporations that perform operations outside of the territory are exempted of rendering audited financial statement or any other statement to the British Virgin Islands government.
The Directors and Officers of the companies that may be one or more persons, may be of any nationality. The Directors may be natural or legal persons.
A corporation may own assets in any part of the world. On the other hand, they are not compelled to maintain the assets or bank accounts in the British Virgin Islands.
All shares of the corporation may be issued to bearer and/or without nominal value.
Does not require the names of the Shareholders, Directors and Attorneys appear inscribed in the Public Registry.

FORMATION OF CORPORATIONS IN BRITISH VIRGIN ISLANDS
DE OBALDIA & GARCIA DE PAREDES, may offer according to the needs of the what the client desires and according to its needs, a recently incorporated corporation as well as one previously established that has not been previously operated.

A. NEW COMPANY: The corporation may be incorporated in accordance to what is requested by the client. In this case the client must provide all necessary information for the inscription of the corporation as is: the name of the company, its main objectives; the desired capital (number and value of shares) and the name of the directors.

B. EXISTING COMPANIES: Depending on what is requested by our clients, we may offer to transfer corporations that have already been incorporated.

The only annual tax the British Virgin Island corporations with a capital not greater than FIFTY THOUSAND DOLLARS (US$50,000.00) shall pay is THREE HUNDRED AND FIFTY DOLLARS (US$350.00), if it exceeds this amount it shall pay ONE THOUSAND DOLLARS (US$1,000.00) annually. Said tax shall be paid on July 31, of the year following the incorporation of the company( (irrespective of the date of said incorporation).

Any delay in the payment of tax after July 31 until October 21, is subject to an overcharge of ten percent (10%); the payments that are made after October 31 but before December 31, are subject to a fifty percent (50%) overcharge.

Company formation request