Q: how many shareholders are needed to set up a company in BVI?

A: generally, one shareholder is enough. Mainland Chinese only need to provide valid passports.

Q: can I register the Chinese name of a company registered in BVI?

A: generally, English and French names are used. However, in recent years, more domestic people have registered companies on the island. Therefore, the island government has allowed the registration of Chinese names, but only increased a certain fee.

Q: what conditions must be met to open a company in BVI?

A: more than one shareholder aged 18 (mainland citizen or overseas person with passport); Have registered address and legal secretary of limited company. (agency can provide)

Q: what are the requirements for registered capital and share capital of registered BVI companies?

A: the minimum registered capital of BVI company is 50000 US dollars, and there is no additional stamp duty on the registered capital; If it exceeds 50000 yuan, it must pay taxes; There is no minimum amount of share capital and any currency can be used as a unit of share capital. The shares can be sold with or without denomination, and can be sold in different classes of shares, including bearer shares.

Q: can a BVI company open an account anywhere in the world?

A: Yes, but the bank account can only be applied after the establishment of the company. Opening an account generally requires directors to go to the bank in person, and can seek the cooperation of professional agencies to assist in opening an account, such as recommending the opening bank, preparing meeting minutes, bank account opening application, arranging introducers, special personnel to the opening bank, etc. In addition, the opening fees of BVI companies are usually high, and the opening fees of different banks are different.