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ABM provides value added service relating to the formation of companies in the BVI.
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ABM Group 2021-09-23
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BVI is one of the most popular and trusted offshore legal entity for the incorporation of the companies.

On 1st January, 2017 the British Virgin Islands Business Companies act, 2004 came into existence under the name of Business Companies Act in the BVI.

This act removes the difference between the BVI “offshore” and “onshore” legal entity.

The BVI BC helps in erasing the restrains of doing business in BVI.

This provides the investors from different jurisdiction to participate in it for its minimal taxation.

This not only exempts the BVI income tax but also the dividends, interests, royalties, capital gains in respect of shares, other securities etc.Flexibility of the ManagementBVI BC requires a minimal requirement of one owner, one stakeholder, one director.it can be made up by an individual or corporation of different nations.Nature of BVI BCThe BVI BC has a different personality but the same powers as a natural individual.

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ABM Group 2020-12-24

BVI records the most prosperous economy in the Caribbean region with the monthly average income of a worker being US$2,452 according to the 2010 census data.

the economic prosperity coupled with the unique natural beauty of the region has resulted in financial services and tourism being the two main important aspects of the BVI economy.

This vibrant economy along with the friendly tax system has turned BVI a favourite place for offshore investment in financial services.

In fact, 51.8% of the government revenues in BVI come from the license fees of the offshore companies.You can make good use of the friendly business environment of BVI if you go for a BVI Company Formation.

However, for a company formation, you need to hire professional corporate services so that you get easy approval by making compliance with the entire regulatory framework.The Corporate ServicesHere is the list of services offered by corporate services for BVI Company Formation so that your company can ensure full compliance and get easy approval.IncorporationIncorporation of BVI Companies and Limited PartnershipsProper maintenance of company documents like share registers, director registers, and officer registersProperly preparing resolutions and other corporate documentation following corporate law and statutory regulationsEffective maintenance of books and other important recordsAttending to the necessary filing with the Registry of Corporate Affairs regarding (1) Name Changes, Amendments to Memorandum and Articles of Association, (2) Changes in shareholders, directors or officers, (3) variations in authorized capital, (4) Drafting Charges or their release and their registration, (5) routine company secretarial procedures, (6) Special structured Articles and MemorandumPreparing documentsLimited PartnershipIn this mode of investment normally a BVI company is collaborated with to limit the liabilityThe company must have a general partnerThe limited partnership can be with or without a legal personalityCompaniesAny stated currency can be used to purchase the shareHowever, BVI companies can have a greater number of the share; in fact, an unlimited number of a share if paid the extra registry chargesHowever, the shares may belong to different class or seriesThe Fund ServicesFinancial services are one of the most profitable businesses in BVI.

Opening a company for financial services needs professional assistance of the fund services.Approved and Incubator FundsThe Approved and Incubator Regulations of 2015 offer a flexible and fast approach to perform financial servicesQualified entities are exempt from the Regulatory Code and do not require SIBA licensingIf the application is complete and the person is qualified, the applications are processed within two business daysApproved FundsLimited to a maximum amount of One Hundred Million US Dollar (USD100,000,000.00) and twenty  investorsA regulated administrator is requiredIncubator FundsIncubator Funds are limited to 2 years (However, an extra year may be applied for)Twenty Million US Dollar (USD20,000,000.00) investment value and do not require an administratorAudit is desired, but not necessaryA fund representative is needed at the applicationLast WordsSo, you have by the course of the article understood the necessity and relevance of the professional corporate services and fund services for your BVI Company Formation.

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ABM Group 2020-10-20

If you are interested in BVI yatch registration, know that there are certain procedures to be followed for getting registered.

So, here you go!What Is BVI Shipping Register?The British Overseas Territory of the Virgin Islands, commonly referred to as the "British Virgin Islands", is the world's premier corporate domicile of choice which includes companies owning and operating ships registered in the British Virgin Islands.

As part of the Red Ensign Group (comprised of the United Kingdom, the Isle of Man, Guernsey, Jersey and the 8 other Overseas Territories), the integrity of the registration of ships flying the Red Ensign is guaranteed with the ability to record and legally prove a ship mortgage and protection provided through international relations and the British Navy as well as the technical expertise of the UK Maritime and Coastguard which implements maritime law and safety policy in the UK.The Registration Process The registration process usually takes about 2 - 6 months and involves the following steps:Step 1: Name Reservation Before applying for registration, it is essential that the name of the ship is approved by the Registrar by making an application in the appropriate form.

The name is reserved for 180 days to allow time for the survey.

It is advised that at least 3 alternative names in order of priority be proposed to ensure availability and approval.Step 2: Survey The ship must be surveyed and measured to obtain descriptive particulars for purposes of registration by any one of the 7 Classification Societies authorized by the Shipping Registry.

Step 3: Application After the completion of the survey, the BVI Representative will then submit the documents showing proof of ownership, the Declaration of Eligibility and the Appointment Forms.Step 4: Certificate Of Registry If the application is in order, the Registrar issues an Official Number and after being satisfied that the ship is eligible to be registered, the Registrar will issue a Carving and Marking Note.

collect
0
ABM Group 2021-09-23
img

BVI is one of the most popular and trusted offshore legal entity for the incorporation of the companies.

On 1st January, 2017 the British Virgin Islands Business Companies act, 2004 came into existence under the name of Business Companies Act in the BVI.

This act removes the difference between the BVI “offshore” and “onshore” legal entity.

The BVI BC helps in erasing the restrains of doing business in BVI.

This provides the investors from different jurisdiction to participate in it for its minimal taxation.

This not only exempts the BVI income tax but also the dividends, interests, royalties, capital gains in respect of shares, other securities etc.Flexibility of the ManagementBVI BC requires a minimal requirement of one owner, one stakeholder, one director.it can be made up by an individual or corporation of different nations.Nature of BVI BCThe BVI BC has a different personality but the same powers as a natural individual.

ABM Group 2020-10-20

If you are interested in BVI yatch registration, know that there are certain procedures to be followed for getting registered.

So, here you go!What Is BVI Shipping Register?The British Overseas Territory of the Virgin Islands, commonly referred to as the "British Virgin Islands", is the world's premier corporate domicile of choice which includes companies owning and operating ships registered in the British Virgin Islands.

As part of the Red Ensign Group (comprised of the United Kingdom, the Isle of Man, Guernsey, Jersey and the 8 other Overseas Territories), the integrity of the registration of ships flying the Red Ensign is guaranteed with the ability to record and legally prove a ship mortgage and protection provided through international relations and the British Navy as well as the technical expertise of the UK Maritime and Coastguard which implements maritime law and safety policy in the UK.The Registration Process The registration process usually takes about 2 - 6 months and involves the following steps:Step 1: Name Reservation Before applying for registration, it is essential that the name of the ship is approved by the Registrar by making an application in the appropriate form.

The name is reserved for 180 days to allow time for the survey.

It is advised that at least 3 alternative names in order of priority be proposed to ensure availability and approval.Step 2: Survey The ship must be surveyed and measured to obtain descriptive particulars for purposes of registration by any one of the 7 Classification Societies authorized by the Shipping Registry.

Step 3: Application After the completion of the survey, the BVI Representative will then submit the documents showing proof of ownership, the Declaration of Eligibility and the Appointment Forms.Step 4: Certificate Of Registry If the application is in order, the Registrar issues an Official Number and after being satisfied that the ship is eligible to be registered, the Registrar will issue a Carving and Marking Note.

ABM Group 2020-12-24

BVI records the most prosperous economy in the Caribbean region with the monthly average income of a worker being US$2,452 according to the 2010 census data.

the economic prosperity coupled with the unique natural beauty of the region has resulted in financial services and tourism being the two main important aspects of the BVI economy.

This vibrant economy along with the friendly tax system has turned BVI a favourite place for offshore investment in financial services.

In fact, 51.8% of the government revenues in BVI come from the license fees of the offshore companies.You can make good use of the friendly business environment of BVI if you go for a BVI Company Formation.

However, for a company formation, you need to hire professional corporate services so that you get easy approval by making compliance with the entire regulatory framework.The Corporate ServicesHere is the list of services offered by corporate services for BVI Company Formation so that your company can ensure full compliance and get easy approval.IncorporationIncorporation of BVI Companies and Limited PartnershipsProper maintenance of company documents like share registers, director registers, and officer registersProperly preparing resolutions and other corporate documentation following corporate law and statutory regulationsEffective maintenance of books and other important recordsAttending to the necessary filing with the Registry of Corporate Affairs regarding (1) Name Changes, Amendments to Memorandum and Articles of Association, (2) Changes in shareholders, directors or officers, (3) variations in authorized capital, (4) Drafting Charges or their release and their registration, (5) routine company secretarial procedures, (6) Special structured Articles and MemorandumPreparing documentsLimited PartnershipIn this mode of investment normally a BVI company is collaborated with to limit the liabilityThe company must have a general partnerThe limited partnership can be with or without a legal personalityCompaniesAny stated currency can be used to purchase the shareHowever, BVI companies can have a greater number of the share; in fact, an unlimited number of a share if paid the extra registry chargesHowever, the shares may belong to different class or seriesThe Fund ServicesFinancial services are one of the most profitable businesses in BVI.

Opening a company for financial services needs professional assistance of the fund services.Approved and Incubator FundsThe Approved and Incubator Regulations of 2015 offer a flexible and fast approach to perform financial servicesQualified entities are exempt from the Regulatory Code and do not require SIBA licensingIf the application is complete and the person is qualified, the applications are processed within two business daysApproved FundsLimited to a maximum amount of One Hundred Million US Dollar (USD100,000,000.00) and twenty  investorsA regulated administrator is requiredIncubator FundsIncubator Funds are limited to 2 years (However, an extra year may be applied for)Twenty Million US Dollar (USD20,000,000.00) investment value and do not require an administratorAudit is desired, but not necessaryA fund representative is needed at the applicationLast WordsSo, you have by the course of the article understood the necessity and relevance of the professional corporate services and fund services for your BVI Company Formation.