I have seen a lot of scammers using the BVI to incorporate their companies including those who do illegal financings. BVI statues and legislation offer protection to people intending to engage in fraud. It is always a red flag when I see a BVI organization involved with a penny stock company.
Offshore Company in British Virgin Islands
Offshore Privacy and Protection with a British Virgin Islands Offshore Company and Bank Account
BVI Offshore Business Company statutes and BVI legislation provides substantial benefits for the establishment of a corporation that does not operate within the British Virgin Islands. You will receive your articles of incorporation, business memorandum and corporate seal. We will establish a bank account in a safe offshore jurisdiction of your choice.
OffshoreCompany.com has relationships with large, secure, convenient banks all over the world. You will receive the legally required local registered agent. We also offer a program where we will provide you with a phone number, fax number and forward the mail for BVI Company. The major benefit of BVI Offshore Companies is that you can have a bank account that is in the name of your private Corporation. The bank account will not be in your name. It will be in the name of your BVI offshore company. So, your BVI company can do business with other countries or protect money from those who would like to take your money in a lawsuit or to simply store funds for a future emergency.
Cost to Incorporate a BVI Company - Offshore Bank Account 1. The BVI Incorporation is only $1495 US 2. The Offshore bank account is only $350 US Total: Only $1845 US
The BVI Business Companies Act (No 16 of 2004) is a statute of the British Virgin Islands relating to the formation of all companies in the British Virgin Islands, both offshore companies and local companies. It replaced the extremely popular and highly successful International Business Companies Act.