BVI Company Incorporation

The British Virgin Islands (BVI) is a group of islands located in the Caribbean Sea. The BVI is a British Dependent Territory which became self-governing in 1967 and is a member of the British Commonwealth. Good banks facilities, political and economic stability make B.V.I. an ideal offshore financial center, Since introducing its International Business Company (IBC) legislation in 1984, the BVI offshore financial services sector has developed, and is now the world's most popular offshore center with nearly 1,000,000 companies incorporated.
1.Free Choice of Company
It is quite free to propose the company names. In consider of investors from different countries, BVI government accept company names in their own language appeared on the Articles of Association, such as Chinese (additional HKD1000 for Chinese name registration) The company name could be comprised of the words like “int’l, group, holdings, industrial, investment, association, center, research center” etc. and should end up with “ limited” or “societe anonyme”, or “sociatedad anonima” .A proposed company name can not be the same as any of the existing name registered at the company registry.
2.Registered Capital
Standard Registered capital:  50,000 shares; no registered capital taxes levied, paid-up capital not required.
3.Shareholder and Director
There is no limitation as to the nationality or residency of application. Any one over the age of 18 withholding a passport or ID card could incorporate a BVI company. Each company must have at least one director and corporate directors are permitted. However, under the Business Companies (Amendment) Act 2005 "the New Act", every newly incorporated company will be required to appoint first directors within 6 months of the date of incorporation and the original or copy of the Register of Directors will be required to be kept at the office of the Registered Agent. Details of the directors do not appear on any public record, although there are provisions for optional filing at the Registry of Corporate Affairs of this information if required. The company should have at least one shareholder and bearer shares are allowed. Under the new Act, bearer share certificates will have to be held by an approved Custodian. The Register of Shareholders or a copy thereof should be kept at the office of the Registered Agent. Details of the shareholders do not appear on any public record, although there are provisions for optional filing at the Registry of Corporate Affairs of this information if required. Often, it is advisable to keep the original register in the BVI for stamp duty reasons.
4.Legal Secretary and Registered Address
There is no limitation as to the nationality or residency of application. Any one over the age of 18 withholding a passport or ID card could incorporate a BVI company. Each company must have at least one director and corporate directors are permitted. However, under the Business Companies (Amendment) Act 2005 "the New Act", every newly incorporated company will be required to appoint first directors within 6 months of the date of incorporation and the original or copy of the Register of Directors will be required to be kept at the office of the Registered Agent. Details of the directors do not appear on any public record, although there are provisions for optional filing at the Registry of Corporate Affairs of this information if required. The company should have at least one shareholder and bearer shares are allowed. Under the new Act, bearer share certificates will have to be held by an approved Custodian. The Register of Shareholders or a copy thereof should be kept at the office of the Registered Agent. Details of the shareholders do not appear on any public record, although there are provisions for optional filing at the Registry of Corporate Affairs of this information if required. Often, it is advisable to keep the original register in the BVI for stamp duty reasons.
5.Activity of Business
There is little restriction as to the business scope of BVI company, you can run business in the following industries such as financial, investment, medical, import and export trading, construction, network, travel, publishing.
6.Annual Tax and Licence Fee
The legal system is based on the English common law supplemented by local ordinances. There are no taxes levied with the exception of the annual government licence fee which is USD350 for companies with number of shares authorised to issue equal to 50,000 or less. Companies that fail to pay their licence fee by the due date are subject to penalties and will be struck off for non-payment five months after the due date. There are no exchange controls or restrictions on the flow of currency in or out of the territory
7.Contact us

Hong Kong Tel: 852-27837818     Hong Kong Fax: 852-27837918
Beijing Tel: 010-58674407/09            Beijing Fax: 010-58674405
Website: http://beijing.tannet.net      EMAIL：ata-beijing@163.com
Website: http://www.companies-registry.org
      
ADD: RM 609 UNIT B FUDUN CENTRE, NO 58 DONGSANHUAN RD S, BEIJING CITY, CHINA.

Hong Kong Company Incorporation

Hong Kong is an international metro with abundant information and the free trading port in the world. Together with sound infrastructure and complete legal system of its own, it provides an advantaged commercial environment to many enterprisers and traders. Therefore, more and more traders establish their own companies in Hong Kong on different purposes, which improve not only the image of the company but also the competitive ability of the company itself. We especially make brief explanation as follows let you know how to register a Hong Kong Company more quickly and conveniently ：
 
1. Application conditions ：
At least one shareholder aged above 18 years old （ citizenship of china or overseas personer with visas or ID cards), and local registered address and local legal secretary of the limited company.    
2. Shareholders and directors ：
Each company must have at least one director, and corporate directors are permitted for companies that are not subsidiaries of public listed companies. The company should have at least one shareholder. Details of the company's directors, shareholders and secretary must be filed at the Companies Registry and are on public record.
 
3. Register Capital ：
Lowest register capital of limited company is 10000 HKD, and there is no need of assets examination, while its levies tax is necessary.
 
4 Legal secretary ：
The government stipulates that a limited company must own a legal secretary, assumed by local natural person or legal person of Hong Kong . Generally speaking, we can help you to arrange a legal secretary （ with register address ）. Our services include: Information and data processing, taking order, bank documents processing, telephone answering, travel arrangements, meeting planning, mailing service, research work, and telephone survey. A secretarial service could be done virtually through the Internet via e-mail, fax, telephone and the Internet to small, medium-sized, and home based businesses. Whatever gets the job done--non-traditional, but it works.
 
5. Business Scope ：
In principle, there aren't great restrictions on business scope of Hong Kong companies. No matter what name the company takes, it can deal in business of any property as long as under legal pre-condition, e.g. ： finance, medical health protection, shipping, trade of imports and exports trade, real estate, construction, decoration and upholstery, information network, garments and textile, tourism and literature publication and so on ； Some companies hard to be registered in the china can be all registered in Hong Kong.
 
6. Flexible Company Name ：
Companies of Hong Kong can be named relatively freely ， regardless of register capital, names containing words such as international, group, controlling, industrial, investment, institute, association, fund and institute are allowed by Hong Kong government. Chinese names are permitted and can be included on a company's Certificate of Incorporation. And you can add country or city name in the front the company name, such as ： French, American, Italian, Japanese and Shanghai and so on .
      
7. Annual Return ：
Each year the company must submit an annual return and penalties apply for late filings and there is an ever increasing vigilance by the Companies Registry for this purpose

8. Accounting and auditing ：
Every company is required to appoint an auditor each year, an auditor must be qualified by virtue of the Hong Kong Professing Accountants and completely independent of the company.
 
9. Taxation in Hong Kong ：
There are several distinctive features of the Hong Kong tax system. The tax for registered capital is 0.1% .You can increase the volume of the capital freely if you pay the tax. Income taxes (salaries tax, profits tax and property tax) are charged on income, which has a Hong Kong source (territorial source concept). Estate duty is charged on the principal value of property located in Hong passing on the death of the deceased. Stamp duty is charged on instruments, which relate to Hong Kong assets. There is no capital gains tax and dividend income tax. The standard tax rate of 15% and corporation profits tax rate of 17.5% are relatively low compared with other developed countries. In Hong Kong , any enterprises are required to report annually to the Inland Department.

10. Opening Bank Account ：
Bank account should be applied for after the company established. Opening an account in a bank generally demands the board directors to transact in person while we can offer cooperation, such as ： Recommend opening bank/arrange opening bank to send letter of indication of signature testimony to office of the hinterland /prepare documents signed by accountant/minutes/opening application/arrange introducer/person assigned especially to the opening bank to help the transaction.
   
11. Invoice and Receipt ：
The receipt of Hong Kong Company is in unification. While it's issued by company board bureau according to business property of the company. Invoice and receipt and other bill of document should be stamped with a seal addition and signed by person in charge and then effective.
 
contact us : 
If you need further information, you can contact us
Hong Kong Tel : 852-27837818           Fax : 852-27837918
Beijing         Tel:86-10-58674407         Fax: 86-10-58674405
Website:http://beijing.tannet.net           E-mail:ata-beijing@163.com
 

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