Trademark Registration

Formation of BVI Company - Background

 

Accolade Corporate Services Limited

Rm 701-2, 7/F, Fu Fai Commercial Centre, 27 Hillier Street, Sheung Wan, Hong Kong.


Tel .+852 3521 2888
Fax +852 3521 2800
Email info@accolade.hk

........ info@accoladegroup.com.hk

 

WhatsApp/WeChat:

HK LTD......... +852 6567 0408

Offshore ..... +852 9635 6038

Accounting .. +852 6728 7840

 

 

Beijing Branch

Room B032, 8/F, Block A, U-Town, Sanfeng Beili Building No.1, Chao Yang District, Beijing , China.

 

China Hotline +86 1057164618

 

 

Office Hours﹕

Monday to Friday 09:00 - 18:00

Saturday, Sunday and Public Holiday Off

 

 

 

 

Like Us﹕

HKTDCGoogle Plus

facebook linkedintwitterweibo



 

 

Background


The British Virgin Islands (BVI) is a group of about 40 islands in the Caribbean Sea located approximately 80 kilometres east of Puerto Rico. The BVI is a British Dependent Territory which became self-governing in 1967 and is a member of the British Commonwealth. 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 centre with around 700,000 companies incorporated. The newly enacted IBC Act should further enhance the jurisdictions popularity.

Politically the British Virgin Islands enjoy the best of both worlds, having the ideal combination of responsibility for its internal self-government and being a dependent territory of the United Kingdom. The islands are headed by a British Crown appointed Governor.

The BVI Government has a long-standing tradition of handling its internal affairs in a responsible and progressive manner. There are no significant social, racial or political tensions in the country.

The BVI system of government is bicameral, consisting of an elected Parliament, called The Legislative Council, and a Cabinet, called The Executive Council. It is a vibrant democracy and both enjoys and encourages the free flow of ideas from all sides. Elections are held at least once every four years to ensure that those ideas are freely expressed.

There is a national consensus on a number of fundamental objectives including the development of the jurisdiction as a high quality financial center and the expansion of the territory's partnership with the international financial community.

The BVI's system of government is complemented by an independent legal and judicial system, which is based on English Common Law and locally enacted statutes, and provides for a final right of appeal to the Privy Council in London.

The United Kingdom remains responsible for the territory's external affairs, defence, internal security and the administration of the courts.


Advantages of BVI Company

  • High-Quality Service, Low-Key Approach
  • Flexible, Innovative, User-Friendly Legislation
  • Responsiveness to the Interests of the Global Financial Community
  • Vigilance in Regulation and Supervision
  • A Stable, Secure and Sophisticated Democracy
  • Commitment to Legitimate Privacy
  • Freedom From Restrictive Fiscal Measures
  • Dedicated, Talented Management and Workforce
  • State-of-the-Art Telecommunications and Support Services
  • Strategic Location, Serving the Americas, Europe and Asia
  • Outstanding Environment and Lifestyle

Services Infrastructure

The BVI's development as a financial centre has lead to a dramatic expansion in the quality, range and size of the local financial services community.

Many leading international service firms - including the "Big Four" accountancy firms - are now well represented in the BVI, offering a wide range of high-quality services in the international banking, financial, legal, accounting, trust, company, management and other fields.

These firms are well-served by a strong and well educated local workforce.

The BVI recognises that foreign expertise has a critical role to play in its development as a world-class financial centre. The government therefore takes a very accommodating approach to the issue of work permits to ensure that the financial community can rely on the availability of high class and expert service and not be constrained by a 'nationals only' attitude.

As well as welcoming skilled expatriates, successive BVI governments have allocated a high priority to the education of their own people so that the territory now enjoys one of the world's highest literacy rates, now over 98%.

In partnership with the private sector, the government has also devoted a special effort to training its own people in financial service skills, by establishing a wide range of courses to develop these skills in the BVI and by funding overseas study and work experience in the financial services business for many of its young people.

The expansion of the financial community in the BVI has generated rapid development in other service sectors - including world-class hotels, conference and seminar facilities - that are geared to meeting the needs of the financial services industry.