Are you interested in purchasing a shelf company in the British Virgin Islands? You can explore this topic and also solicit extra information from our local specialists. You will discover the key characteristics of this entity and the purchase procedure.
Table of Contents
How are shelf companies known in the BVI?
- Ready-made corporations,
- Vintage companies.
What is the purpose of a shelf company in the BVI?
To be used as soon as the ownership transfer is done, and start the activities.
What are the features of a ready-made company in the BVI?
- already incorporated with the local authorities,
- it has a clean history,
- there is no tax ID, nor an active bank account,
- there is no corporate tax rate once it is activated on the market, etc.
NOTE: The BVI has a special tax regime. A tax ID/company registration number is not issued, except in certain cases where companies deal with foreign suppliers.
Are there any specific shelf company packages in the BVI?
Yes, turnkey or platinum-ready-made companies for which the provider/seller offers digital bank accounts.
How can I buy a ready-made company in the BVI?
By contacting our local agents, who can intermediate the process. We can present to our customers a list of available shelf companies in the BVI.
What documents are required when buying a shelf company in the BVI?
Valid ID or passport, alongside a completed application form soliciting the purchase of a shelf company in the BVI.
Who is implicated in the process of purchasing a vintage company in the BVI?
The buyer (our client) and the seller (the shelf company provider).
Do shelf companies in the BVI have debts?
No.
Do I need to travel to the BVI to buy a shelf company?
Not required. We will handle the entire purchase process.
Is a business license or permit needed after purchasing a ready-made company in the BVI?
Yes, in accordance with the firm’s future operations.
Can I modify a shelf company’s name and activities?
Yes, depending on your business plans in the BVI.
Can I appoint new managers after purchasing a shelf company in the BVI?
Absolutely.
Is the notary involved in buying a ready-made company in the BVI?
No. A BVI-licensed agent can handle the transfer of ownership of a shelf company.
NOTE: Notarized documents might be solicited.
Is it risky to buy a ready-made company in the BVI?
No.
What is the time frame to purchase a vintage company in the BVI?
Around 24-48 hours.
What are the advantages of a ready-made company in the BVI?
- these are entities already registered,
- there is no need to deal with the company incorporation formalities,
- beneficial from a tax point of view,
- ready to use as soon as purchased, etc.
Would you like to know more about the process of buying a shelf company in the British Virgin Islands and need assistance? You can ask for a free case evaluation by contacting our local specialists. Get your offers today!