Opening BVI company - harder than before 2016?
- Thread starter Dave
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Yes it has become harder to register a BVI company. I tried for about 5 month ago but gave up because of all the paperwork they was asking for. Seems it is similar to what is happening in the Seychelles.
This time I have registered 5 Seychelles companies where I put 4 on stock until I will read around that people struggle to get a Seychelles company, so they will be able to buy one of my companies quickly 😉
For the BVI it is too late, it seems the entire tax structure in the BVI also made it not worth to register a company there!︀
This time I have registered 5 Seychelles companies where I put 4 on stock until I will read around that people struggle to get a Seychelles company, so they will be able to buy one of my companies quickly 😉
For the BVI it is too late, it seems the entire tax structure in the BVI also made it not worth to register a company there!︀
What exactly is the benefit of specifically having a BVI company in contrast to other offshore jurisdictions?
@Dave I think the reason people consider BVI is because they have a friend or someone who had a BVI company and it worked back then. Nowadays I fail to see a reason why go to BVI.
For example, if a bank rejects some offshore countries but accept some, BVI is almost certainly in the rejection list. At least that is my experience. In addition, there really is a handful of offshore countries and many of those make incorporation easier than BVI.
For example, if a bank rejects some offshore countries but accept some, BVI is almost certainly in the rejection list. At least that is my experience. In addition, there really is a handful of offshore countries and many of those make incorporation easier than BVI.
You don't want to focus on hidden registrars but more like if you can appoint nominees legally! It will also depend on where you want to open a bank account. If you want to open an account in a real offshore jurisdiction they most often don't care where the company is registered as long they can verify the documents. For instant in Europe it is different, there I would focus on Gibraltar, Cyprus, Malta and Ireland, the latter︀ I don't know what is possible, still exploring my options.
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