Quite often, we hear the word “Invest Wisely, " reflecting that one needs to be careful enough before investing in any of the core business domains. Today, the globalization concept has widened the scope of business investors, wherein they can make more profits by investing in the international market. One such path that has been extraordinarily booming and spiking is the offshore business segment.
For any business professional, tax payment turns out to be a nightmare. The globally established offshore destinations act as a stress-reliever for the investors as they allow them to set up their business units backed by tax exemption. One such emerging offshore ground that allows business investors to gain a favourable experience is the British Virgin Islands, also referred to as BVI.
The incorporation of an offshore business unit demands an offshore bank account incorporated in a different jurisdiction. The pair of BVI company set up goes well with the Mauritius bank account.
If you plan to take offshore investment moves in the BVI, this guide is a must for you.
BVI Offshore Company Establishment
Stands as one of the most emerging offshore business grounds among the popular offshore destinations, the British Virgin Islands does hold a benchmark that the other jurisdictions strive to emulate.
One of the commercial-minded corporate legislation, the location provides numerous flexibilities to the business investors to step in and invest in the offshore segment, backed by high-end privacy and confidentiality.
With the minimum compliance requirements, the business investors can set up their offshore units in the tax-haven jurisdiction.
Well, if you are wondering who proceeds ahead with the offshore company incorporation, the answer is right below.
Who Starts an Offshore Business in the BVI?
The BVI becomes an appropriate jurisdiction for business investors who are a newbie and experienced professionals or business units. It is widely selected by:
- Business investors
- Individuals who want to safeguard and build their assets and wealth
- For inheritance purpose
- For legal purpose
- Leverage Savings and investments
- Individuals who want to hold an offshore bank account
- Investors who want to get involved in international trading
- To deal in forex and stock trading
Now, starting an offshore business in the BVI can be done swiftly, provided it is done under the guidance of business experts.
How to Open an Offshore Company in the BVI?
To set up an offshore company in the British Virgin Islands, you need to follow simple steps that include:
- Get an expert onboarded: The knowledge and experience of the business professionals will help you to carry out the process in a much smoother way.
- Submit the documents: Any company, be it onshore or offshore, can be incorporated only when the relevant documents are submitted to and approved by the business authorities.
To understand the process in detail, here are a few guides that you can follow to get a better grip:
- BVI Company Formation
- A Guide to BVI Company Types
- Benefits of BVI Company Formation with the Bank Account
As it was mentioned earlier that the business establishment process demands the opening of an offshore bank account, so the best partner that goes well with BVI offshore company is Mauritius offshore bank.
Mauritius Offshore Bank Account
Mauritius is one of the globally marked bank-dominated financial regions, wherein the financial sector contributes around 10% of the overall GDP.
The banking licenses are granted under the Banking Act 2004, which provides the flexibility to carry out both onshore and offshore banking activities.
Holds a well-regulated banking framework; the banks in Mauritius offer an extensive range of services that make it easy for the business investors to come ahead and open for their respective business units.
Since you have got an idea regarding the same, let’s have a glance at the benefits that you can derive by incorporating one.
Advantages of Mauritius Offshore Bank Account
By opening an offshore bank account in Mauritius, you can grab the following benefits:
- Safeguard your wealth in the international market
- Deal with multi-currencies and get access to internet banking
- Easy cross-border transactions
- Affordable initial deposit
- Easy process to open an offshore bank account
To grab an in-depth idea and understand them accordingly, you can refer to our latest guide on Top Seven Benefits of Offshore Bank Account in Mauritius.
Keynote: While starting an offshore business in any of the global destinations, the business investors have the flexibility to open an offshore bank account in the same jurisdiction or in another preferred location.
It is highly recommended to proceed ahead with other locations as it adds an extra level of privacy and confidentiality to the business owners.
Complete inspection and in-depth knowledge of the company formation process held by an expert can sort the process quickly and also avoid any unwanted issues about company formation.
Are you wondering how to start?
Well, don’t worry! We are here.
At Business Setup Worldwide, we focus on providing simple and effective business setup solutions to our business clients who hold the idea of company incorporation.
Right from understanding your business needs to sorting and opening the bank account processes, we assist you in the entire journey.
Our business experts are well-versed with the company set-up processes and can provide you with tailored solutions efficiently.
Reach out to us today to kick-start your offshore company in the BVI.