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Seychelles general information

Seychelles: general information

Presentation of general information about the Seychelles, peculiarities of the historical, political and economic development, investment environment, business industry and set of financial instruments as well as international reputation of the jurisdiction

Seychelles general information
Why to choose Seychelles?

Why to choose Seychelles?

Detailed research of features and advantages of all business companies types which could be incorporated within the jurisdiction of the Seychelles

Why to choose Seychelles
Seychelles: IBC & CSL

Seychelles: IBC & CSL

The brochure is devoted to research registration process, capabilities, tax rates and application practice in business environment of Seychelles IBC and CSL.

Why to choose Seychelles
Seychelles: Foundations, Trusts, Limited Partnerships

Seychelles:
Foundations, Trusts, Limited Partnerships

The brochure deepen in the essence of the next types of Seychelles entities such as foundations, trusts and limited partnerships which are considered suitable vehicles for international tax planning, assets protection and other financial activities.

Why to choose Seychelles
Seychelles: Cooperation between companies

Seychelles:
Cooperation between companies and banks

The brochure provides considering relationships between banks and entities that is a natural extension of opening an entity in the Seychelles.

Why to choose Seychelles
Seychelles: frequently asked questions

Seychelles:
frequently asked questions

The brochure summarizes the survey about Seychelles offshore and answers some frequently asked questions, which arise when acquainting with the Seychelles jurisdiction.

Why to choose Seychelles
UNITED KINGDOM: OVERALL REVIEW

UNITED KINGDOM: OVERALL REVIEW

In this brochure, examples of practical use of an LTD are examined eg provided detailed information on a business purposes as using an LTD as company receiving dividends, holding company and nominee or agent. Another one issue is to study complex guidance how to rule an LTD and LLP.

UNITED KINGDOM: OVERALL REVIEW
UNITED KINGDOM: LTD & LLP (part 1)

UNITED KINGDOM: LTD & LLP (part 1)

This brochure presents an information about tax rates and tax residence status in the UK. In addition, it is studying the details of the most demanded business structures, particularly Private Company Limited by shares (LTD) and Limited Liability Partnership (LLP)

UNITED KINGDOM: LTD & LLP (part 1)
UNITED KINGDOM: LTD & LLP (part 2)

UNITED KINGDOM: LTD & LLP (part 2)

In this brochure, examples of practical use of an LTD are examined eg provided detailed information on a business purposes as using an LTD as company receiving dividends, holding company and nominee or agent. Another one issue is to study complex guidance how to rule an LTD and LLP.

UNITED KINGDOM: LTD & LLP (part 2)
Public Limited Company

Public Limited Company

In this brochure, the leading experts of our company provide answers on the most popular questions related to this business structure. There is an excellent possibility to fill up your knowledge by information about doing business with the help of Public Limited Companies, receive an explanation on the rules how to sell the company's shares on the stock market and other advantages.

Public Limited Company
Scotland: WHY NOT?

Scotland: WHY NOT?

This brochure fulfilled the UK jurisdiction series with Scottish business structures. All the requirements, practice of application, advantages, main differences between the UK LLP and Scottish LP and other issues are examined in this survey.

Scotland: WHY NOT?
Hong Kong: Comprehensive Review

Hong Kong: Comprehensive Review

This brochure dedicated to inform about business atmosphere and business facilities in the studied jurisdiction, explain the reasons of popularity of Hong Kong entities for tax-optimisation purposes. Familiarity with this brochure is the first step on a way to the possibility of carrying on successful business in stable economic conditions of Asian region with maximum benefits.

Hong Kong: Comprehensive Review
Hong Kong: Choosing Business Vehicles

Hong Kong: Choosing Business Vehicles

The present research concerns the most popular forms of business organization in Hong Kong, as well as the basic rules of their use for the purposes of breaking down the tax burden. The brochure contains a number of clarifications regarding the demand for offshore structures in Hong Kong, a minimum set of requirements for the establishment and registration procedures.

Hong Kong: Comprehensive Review
Hong Kong: Frequently Asked Questions

Hong Kong: Frequently Asked Questions

This brochure summarizes the research concerning the reasons of popularity, business opportunities, tax rates, companies and partnerships in Hong Kong. This is an interview where our manager answers frequently asked questions, appeared during the time of studying the Hong Kong jurisdiction.

Frequently Asked Questions
Business Purposes: Regular Practice

Business Purposes: Regular Practice

The brochure says on corporate and classical targets of Hong Kong enterprises, provides examples of practical use of the enterprises established in Hong Kong. Here we specify the long-term and short-term goals of business structuring, as well as the use of Hong Kong enterprises to operate as a trading company, the company, opening a representative office in China and a holding company, which owns the rights to ownership of the company in China.

Business Purposes: Regular Practice
UnitedKingdomOverallReviewBrochurePopup
HongKongOverallReviewBrochurePopup

Benefits of a BVI Business Company

September 3, 2015

Benefits of a BVI Business Company

Benefits of a BVI Business Company

Offshore financial centers (OFC), also called tax havens, are an integral part of the modern business environment. Being referred to international finance centres offshore jurisdictions provide economic and political stability, advanced financial systems and business-friendly legislation, attract significant amounts of money from businessmen and investors around the whole world and serve as destinations for capitals of the richest global corporations. There is a chance to avoid additional tax burden for investors who open an offshore company in British Virgin Islands (BVI) which makes the jurisdiction very attractive. The islands attract attention of business owners and investors by numerous advantages they get when starting a company in BVI.

Owning a BVI company means significant deal costs reduction, ease of maintenance and governance, being levied with a friendly tax policy. The jurisdiction is famous for its common law principles, simplified bookkeeping and reporting system as well as for the opportunity to limit liabilities. Due to BVI securities legislation investors have a chance to take advantage of a major stock exchange through a listing or a private sale. Companies’ shares may be listed on any of the major stock exchanges including NASDAQ Stock Market, London Stock Exchange, the International Securities Exchange, Hong Kong, New York and Toronto Stock Exchange.

BVI companies are not subjects to double layer of regulation which means that the owner of the company issuing shares is not required to be publicly filed as well as there is no takeover code. It is very simple to incorporate company and to run it as there are no strict statutory requirements. The ease of raising finance for working capital purposes is a distinctive feature of a BVI company.

On the one hand simplified regulation and reasonable taxation make the cost of starting and using a BVI company law and on the other hand BVI being a member of IOSCO, International Organization of Securities Commissions, is obliged to maintain high standards.

So why is it beneficial to register a company in BVI?

  1. The company’s development strategy may be designed with the aim to serve business needs above all. The country doesn’t provide any requirements to corporate governance. BVI’s legislation is based on English common law and it regulates entrepreneurs’ rights and duties providing certainty to investors and directors. Business may be managed exclusively by directors without the intervention of investors. That means that directors are able to make financial decisions and to take independent steps in the direction of raising capital.
  2. Joint venture being run by elected director may be ruled in accordance with interests of the joint venture party. The head of a subsidiary may take interests of a parent company as a main course and each decision should serve this goal even if it is undesirable for a joint venture or a subsidiary.
  3. The BVI company is not required to have a certain amount of share capital availing the opportunity of issuing unlimited number of shares or issuing specified shares. This brings advantages to the company in numerous cases when declaring distributions, reassessing shares, effect redemptions, carrying out reverse share splits.
  4. Directors are responsible for declaring the dividends in accordance with a basic solvency test. The amount of dividend money is not restricted and after the dividends are paid the company will still have a chance to cover liabilities.
  5. Shares of the members may be purchased by a BVI company as result of a solvency test, member’s consent (the issue may also be regulated by company’s articles and memorandum).
  6. There are no restrictions on financial relationships with third parties. A BVI company may buy shares as well as provide financial assistance guarantees and security for other companies.
  7. Voting majorities are allowed to be created by a BVI law in order to approve corporate matters being not restricted to statutory majorities.
  8. The members of the company are protected by the well understood English common law. Moreover shareholders who take such actions as assets’ disposition, merger or acquisition are provided with appraisal rights and statutory dissent. Thus shareholder may easily leave the company if done honestly.
  9. A BVI law allows corporate migration so the corporation may be shifted to or from another jurisdiction.
  10. Major shareholders owning 90% shares and more have rights to redeem the minority shares. The fair value doesn’t require court proceedings and may take place within the statutory process.
  11. The court-approved scheme, adopted by company’s members and third parties, regulates almost all transactions carried out by the company.
  12. Mergers are allowed by BVI law which means that companies incorporated in the jurisdiction are allowed to merge with other BVI companies as well as with companies from other jurisdictions. There is a great ability to flexibly manage the company’s structure.
  13. Shareholders may gain protection from the BVI legislation in case of specific needs disclosed in the constitution of the BVI company.

Benefits available to lenders and creditors taking security from a BVI obligor

  1. 1. The BVI legislation unlike the ones of US or UK doesn’t provide easy opportunities for bankrupt companies. The liquidation process is regulated by the BVI Insolvency Act, 2003, according to which claims against the company are not allowed. Nevertheless, secured creditor is not safe from security enforcement.
  2. Transactions which have been assessed as undervalued may be challenged by a liquidator.
  3. Insolvent BVI company is held liable to a limited number of preferred creditors.
  4. Security details provided by a BVI company may go public which ensures statutory priority.
  5. Statutory priority is determined by contractual subordination agreements and may vary according to the business needs.
  6. Share security may be governed by the law of other countries.
  7. The BVI court is valued for fast and cost effective process, highly skilled and experienced judges and modern organization.

So the benefits of BVI jurisdiction attract many investors and business owners. BVI laws and standards enable cost-effective management, simple organization and financial flexibility for companies registered in the country.

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