Tel: +852 3957 4018 (Whatsapp: +852 9336 2148)
Fax: +852 3013 8948
e-mail: info@wofung-cs.com
Background

The British Virgin Islands (BVI), officially the “Virgin Islands” is a British Overseas Territory located in the Caribbean to the east of Puerto Rico having a total of land area of approximate 150 sq. km.  Road Town, located on Tortola, is the capital of the BVI.  The BVI gained autonomy and became self-governing in 1967 and is a member of the British Commonwealth.

Seychelles, officially the “Republic of Seychelles” is an independent republic within the British Commonwealth since 1976 and comprises approximately 115 islands in the Indian Ocean with a total of land area of approximate 459 sq. km.  Victoria, lies south-east of mainland East Africa, is the capital of Seychelles.

​The Cayman Islands (CI), is a British Overseas Territory in the western Caribbean Sea having a total of land area of approximate 264 sq. km.  CI comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, located south of Cuba and northwest of Jamaica.  CI are a major world offshore financial haven offering a well-developed banking infrastructure and having the strong overall compliance culture.

Features comparision for offshore companies in BVI, Seychelles and CI
 
Corporate features
Jurisdiction BVI Seychelles Cayman Islands
General
Type of company BC Seychelles IBC Exempted
Political stability Good Good Good
Type of Law Common law Civil law and Common law Common law
Principal corporate legislation The BVI Business Companies Act, 2004
(former Act: The International Business Companies Act, 1984)
The International Business Companies Act, 1994 Companies Law Cap.22, and its modification and amendments from time to time
Corporate tax on offshore profits Nil Nil Nil
       
Change in domicile permitted Yes Yes Yes
Language of Name Latin Alphabet (i.e. English), Chinese name could be registered as additional Latin Alphabet (i.e. English) or French or any other language with translation of English or French Latin Alphabet (i.e. English), Arabic or Chinese name could be registered
Corporate requirements
Standard authorized share capital 50,000 shares 100,000 shares 50,000 shares
Minimum issued and paid up capital USD1 USD1 USD1
Permitted currency Any Any Any
Minimum number of shareholder One One One
Minimum number of director One One One
Corporate director permitted Yes Yes Yes
Corporate shareholder permitted Yes Yes Yes
Company Secretary required Optional Optional Optional
Beneficial owner information Yes, must to Registered Agent, but not to public No, just to your services provider firm only, and surely not to public Yes, must to Registered Agent, but not to public
Publicly accessible directors and shareholders information No No No
Local requirements
Registered Agent and Office Yes Yes Yes
Local director No No No
Local shareholder No No No
Local directors / shareholders meetings No No No
Register of Shareholders Yes, being kept in Registered Office Yes, being kept in registered office Yes, being kept in Registered Office
Register of Directors Yes, have to be filed with the BVI Registry Yes, being kept in registered office Yes, being kept in Registered Office and have to be filed with the CI Registry
Annual requirements
Annual Return No No Yes, at filing fee of USD250
Annual Meeting No No No
Filing Annual Audited Accounts No No No

 
 
British Virgin Islands
British Virgin Islands
Cayman Islands
Cayman Islands
Seychelles
Seychelles







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