BVI companies economic substance and corporate administration services by omcgroup.com
BVI companies and fiduciary services by OMC Group? The offshore industry has been developing in the BVI since the 1980s. This is one of the oldest offshore zones in the world. Around 40% of all offshore companies are domiciled in the BVI. The reason for that is not only a favorable geographical position of the islands. The legislation that regulates the activities of the offshore companies registered in the BVI is quite transparent and the recent amendments have put it in conformity with the international efforts to fight money laundering. The British Virgin Islands is a reputable offshore jurisdiction.
Insurance business means the business of undertaking liability under a contract of insurance to indemnify or compensate a person in respect of loss or damage. Including the liability to pay damages or compensation contingent upon the happening of a specified event, and includes life insurance business and reinsurance business. Could my BVI company be conducting “fund management business”? Is the company subject to any fund or securities management regulation or supervision anywhere? If “Yes”, your BVI company is conducting fund management business. Is the company licenced to sell securities, pension schemes, mutual funds or other types of investments? If “Yes”, your BVI company is conducting fund management business.
The British Virgin Islands (“BVI”) are a group of 40 islands and islets located in the Caribbean east of the Island of Puerto Rico. The resident population is of approximately 35,000 the majority of which lives in the island of Tortola, where the capital of Road Town is situated. BVI is a British Crown Colony with its corporate law based on the English Common Law and has an excellent reputation of political stability. Corporate Requirements: Name: BC names must contain the words Corporation, Incorporated, Sociedad Anónima, Societé Anonyme, Limited, or their abbreviations. Chinese names together with their English translation can be registered in the BVI. Numbers are permitted as part of the company name as well as foreign characters. See extra info on BVI companies.
Generally, it is a must for companies to register and maintain their profiles and data with the Company Registrar. However, you can feel secure as all information of identity would be kept confidential. Many offshore countries shall not disclose the company’s beneficial owners, directors, and shareholders to the public, except in certain cases like a court order or international arrangements between related overseas jurisdictions. Many jurisdictions provide an excellent cover for your assets. Besides financial privacy policies, you can benefit from the foreign judgment denial. This means, your assets are shielded against the judgment made by foreign courts. Only the court of the incorporation jurisdiction can place a judgment on the assets.
Established in 1955, OMC Group (OMC) is a solid multinational company that provides world-class corporate solutions from its global network of offices. OMC can offer clients more than 65 years of experience as an international management company and provides valuable services in many areas of international business. Our culture is built on the importance of providing high-quality customer service, ensuring a fast, friendly and efficient response to our clients’ needs. OMC will offer a full range of company formation services in the most recognized jurisdictions including Anguilla, Belize, Bahamas, BVI, Cayman, Hong Kong, Nevis, Panama, Delaware USA, Seychelles, among others. We invite you to partner with us and join the ranks of those who have already benefited from the world-class service rendered by our reliable workforce. See even more info at https://www.omcgroup.com/.