REQUIREMNT

Company Capital

USD50,000 divided into 50,000 share at USD1.00 each. (additional USD 1300 for Company with more than 50,000 shares, with or without par value.) No specific requirement for minimum paid-up capital

Shareholder

Minimum of 1 shareholder. Shareholder and Director can be same person.

Director

Minimum of 1 shareholder. Shareholder and Director can be same person.

Annual Fee

Not require to file annual return and audit report. However, government annual fee applies .

Company Names

A BVI Business Company may not be registered under a name that is identical to the name of an existing BVI company, or is so similar to the name of an existing BVI Company, that, in the opinion of the Registrar, such name would be likely to confuse or mislead. As the BVI Registrar of Companies has a name-reservation system, a reserved name would also be considered as an already existing name.

Without obtaining a prior written consent of the Financial Servies Commission, a BVI Business Company may not be registered under a name that contains a "restricted" word or phrase (according to a published list of such restrictions) - such as the words "Assurance", "Bank", "Building Society", "Chamber of Commerce", "Chartered", "Cooperative", "Imperial", "Municipal", "Royal", "Trust" or any word conveying a similar meaning, as well as any name suggesting the patronage of the British Royalty, British, BVI or any other government or its department.

The Registrar may also refuse the registration of any particular name if, in the opinion of the Registrar, such name is offensive or, for any other reason, objectionable.

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