Company Structure

 

Company Name            

The name of BVI Company is usually in English, a Chinese translation is also provision.

The company name must end with the word “Limited”, “Corporation”, “Incorporation”, “Incorporated”, the relevant abbreviations (Ltd., Corp., Inc.,.) or other word or words, or abbreviations thereof. A name search will be conducted before the incorporation. The reason is the company name cannot be the same as the name of an already existing company. A company can change its name any time.

 

Director

Every company must have at least one director. A person who is over 18 years old can be a director. There is no nationality restriction. Corporate directors are allowed. A company can change its directors any time. Every newly incorporated company will be required to appoint first director within 6 months of the date of incorporation.

 

Shareholder

Every company must have at least one shareholder. Shareholders can also be directors and can either be an individual or a corporation. There is no nationality restriction. There is no upper limit to the number of shareholder.

 

Company Secretary

Optional

 

No. of shares

There is no minimum registered shares. Shares can be denominated in any foreign currency. The amount of registered shares can be increased any time. Standard authorized shares are 50,000 shares of US$1.00 each.

 

Registered Office

Registered Office must be in the British Virgin Islands and provided by the Registered Agent.

 

Information Disclosure

Original or copy of the Registers of Directors and Shareholders must be kept at the office of the Registered Agent but details of directors and shareholders do not appear on any public record, although there are provisions for optional filing at the Registry if required.