Services - Offshore Company Incorporation
Some countries and regions such as BVI, Macau, Samoa and Cayman have formulated some systems with especially loose tax rate to attract worldwide investors to set up overseas companies (also known as oversea companies) in these regions. This kind of companies is generally not subject to any tax, except an annual license fee. Meanwhile, all international banks accept this kind of companies and provide them bank account opening and financial operation services. Some overseas companies can also be listed in other countries or regions.
An overseas company is different from a general limited company mainly with regard to tax revenue; that is, revenue from an overseas company is not subject to any tax payment, nor to any tax declaration, and the shareholders' information, shareholding percentage and revenue status are entitled to high confidentiality.

Setting up overseas company is generally with the purpose of

  • Tax planning
  • Acting as a holding company
  • International trade
  • Investment
  • Offshore listing

In order to meet different demands of clients, WKL provides following overseas company incorporation services
  1. British Virgin Islands
  2. Cayman Islands
  3. Samoa

British Virgin Islands

  • British Virgin Islands (BVI), located between the Atlantic and the Caribbean with an area of 153 square kilometers, follows the common law of Britain. BVI has no statutory requirements on annual filing or conducting annual audits for its offshore overseas business. Only an annual license fee has to be paid. In addition, BVI does not require the shareholders or directors of its incorporated companies to disclose such records. Confidentiality and thus preserves and the privacy becomes the greatest. Moreover, the newly enacted BC Act should further enhance the popularity of the jurisdictions.

Advantages of setting up companies in the British Virgin Islands

  • Widely accepted as an offshore country with good reputation
  • Simple registration process that the registrants do not require to visit the region by person
  • Good financial and legal infrastructure to facilitate the establishment and development of a financial institution and fund
  • Possible to open bank account all over the world
  • No local tax paid if the business activities are carried outside the place of registration
  • No requirements on tax declaration and payment and exchange controls
  • High privacy protection the identity of shareholders and directors does not require to be disclosed (except with Court order or other regulations)

General structure requirements on setting up British Virgin Islands Limited Company

  • At least one shareholder and director (Must be over 18 years old, with valid identity card or passport (no restriction on nationality))
  • 50,000 shares of US$1 each (Total of US$50,000 authorized share capital) for a Standard Ready-Made Limited Company
  • Additional capital duty and increment in annual license fee will be levied if authorized share capital is higher than the above standard

Ways of Registration and Time to take
WKL provides 2 ways of registration: setting up or purchasing ready-made limited company:
  1. For Setting up Limited Company: use designated company name (requires 20 days or so)

  2. For Purchasing Ready-Made Limited Company: please email or contact us for the List of Ready-Made Limited Company (requires 2 days or so)

Information required for registration

  • Copies of HKID card or passport and address proofs of the shareholders and directors (In case the position of shareholder or director is taken by a Corporation, the copy of business registration certificate and HKID card and address proof of legal representative shall be provided)

  • Copy of HKID card of the Legal Secretary (In case the position of Legal Secretary is taken by a Corporation, the business registration certificate shall be provided, or WKL can prepare for you if unavailable)

  • Please check here for Application Form

If you would like to obtain further information on above service, please contact our professionals and we will provide you with free advisory. (852) 2722 0308

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