October 2000
Fact file on the British Virgin Islands (BVI) and Nevis Business Companies
|
FEATURES |
BVI |
NEVIS |
|
LEGAL & POLITCAL SYSTEM |
|
|
|
Legislation |
International Business Companies Act, 1984 (as amended) |
The Nevis Business Corporation Ordinance, 1984 |
|
Legal System |
Common Law |
Common Law |
|
Political System |
British Overseas Territory |
Independent |
|
INCORPORATION |
|
|
|
Name Reservations |
Yes |
Yes |
|
Chinese Names on Certificate of Incorporation |
No |
Yes |
|
Constitutional Documents in Chinese |
Yes |
Yes |
|
Incorporation Time |
24 Hours |
1-2 Days |
|
CORPORATE STRUCTURE |
|
|
|
Minimum Number of Directors |
1 |
1 - Depending on Number of Shareholders |
|
Local Director Required |
No |
No |
|
Secretary Required |
No |
Yes |
|
Minimum Number of Shareholders |
1 |
1 |
|
Bearer Shares |
Yes |
Yes - must be held by RA |
|
Share Capital |
Any Currency |
Any Currency |
|
Shares Without Par Value |
Yes |
Yes |
|
Disclosure of Directors |
No |
No |
|
Disclosure of Shareholders |
No |
No |
|
Annual Accounts Filing Required |
No |
No |
|
AGM Required |
No |
No |
|
Local Tax on Profits |
No |
No |
Please feel free to contact us for further information.
The AMS Group
Sea Meadow House, Road Town,
Tortola, British Virgin Islands
Tel: (284) 494 3399 - Fax: (284) 494 3041
Contact us by e-mail
|
