Blenheim Trust (BVI) Limited - Our Corporate Services

The BVI is the world leader in the formation and maintenance of BVI Business Companies. A Business Company is a corporate vehicle having limited liability, which is wholly exempted from BVI tax on its income and from inheritance or estate tax on its shares. An annual fee is payable to the Government based upon the amount of shares issued (either US$350.00 or US$1,100).

By incorporating in the BVI, a business gains a wide range of competitive advantages, including:

Exemption from all local taxes and stamp duty.

Flexible and creative corporate structure.

Online incorporation and name reservation.

Customized corporate certificates and document verification.

Limited public filing requirements, optional disclosure of directors, officers or shareholders.

No accounting, organizational or annual general meeting requirements.

Shares issued in any currency or for consideration other than cash.

Shares issued in any currency for consideration other than cash.

Access to experienced and trustworthy local industry professionals.

A BC may:
1. acquire its own shares,
2. end its name as "Limited", "Incorporated", "Corporation", "Societe Anonyme" or "Sociedad Anonima" or the usual abbreviations thereof,
3. be incorporated as companies limited by guarantee, hybrid companies and unlimited companies with or without a share capital,
4. have its name incorporated with the number, e.g. “BVI Company Number 2723451 Limited”
5. issue shares without par value,
6. issue different classes of shares,
7. have only one director, which may be corporate,
8. No residency requirements for directors, officers or shareholders

English Corporate and Commercial Law (as practiced in the BVI), is internationally recognised as being very efficient and reasonable in determining the parties’ rights in the event of a dispute.

A BVIBC can do business in the BVI including having bank accounts, deal with lawyers, accountants, trust companies and other professionals, hold company meetings and keep its accounting books and records in the BVI.

The BVIBC provides clients with the solution to many different needs, which may include:

Legally establishing an efficient structure for tax purposes.
Conducting business locally and internationally:
- By using a BVIBC it may be possible to legitimately defer taxation on the profits
- An exporter or importer using a BVIBC may avoid costly local regulations
- Trading operations can benefit by using a BVIBC as a risk management mechanism.
- Added layer of protection to the extent that the goods have product liability exposure.
Investment purposes.
Joint Venture Company, the BVIBC Act offers flexible structures for complex partnership relations.
Complicated international tax implications can be avoided by using a tax-free entity to pool funds.
Electronic Commerce, a BVIBC is well suited to conducting business via the Internet with the avoidance of sales or value added taxes, limited exposure and possible deferral of tax.
Investment Company or Mutual Fund, the effect tax deferral can enhance the returns. The BVI Mutual Funds Act 1996 provides a well-regulated and cost effective formation and management.
Holding Company, enhances privacy, facilitates sale of underlying businesses.
Property Company may be a legitimate means of avoiding capital gains tax or inheritance tax implications. It may be easier to affect a sale by transferring shares in the company and several individuals may own a part of the interest in the property.
Confidentiality and Privacy, probate could be applied for in the British Virgin Islands rather than in each of the countries where he might hold assets saving legal fees and avoiding publicity.
Banking Company
Shipping Company, the BVI has its own Red Ensign Category 1 ship registry.
Patent, Copyright and Royalty Companies, upon acquisition of intellectual property the BVIBC can enter into agreements with licensees around the world.
Captive Insurance

The benefits obtained depend on the owner’s objectives; residency and citizenship, countries in which the BVIBC is doing business and other factors. It is imperative that clients obtain legal advice in their country of residence or domicile prior to the establishment of a BVIBC.
The BVIBC is a very flexible, tried and tested corporate vehicle suitable for a wide range of trading, investment and asset protection activities and solutions. BVIBCs can be formed in a day and with a minimum of formality. Blenheim Trust provides a complete incorporation and maintenance service.

The general information above is not intended as legal, tax or other professional advice. Any liability or loss incurred as a consequence, directly or indirectly from the use or application of the information contained herein, is specifically disclaimed.