When it comes to BVI companies, many people feel that they are very mysterious and do not know how they actually operate. They think that they are tools/things for very wealthy people. But what is the real situation? Let us unveil the mystery of BVI companies.
In terms of corporate structure, a BVI company only needs at least 1 director and 1 shareholder (can be a company or an individual); it does not necessarily need a company secretary, but a Hong Kong company secretary company can be appointed as an administrator to assist with BVI registration and compliance matters.
BVI companies give people a mysterious feeling because the company's structure is confidential. Changes or inquiries regarding the company structure must be approved by the company's directors and can be handled through the administrator. Generally, outsiders cannot check the company's information, so it is mysterious.
Although the international trend in recent years is to make companies transparent. At present, the information of directors of BVI companies can also be searched through certain channels, but the identities of shareholders are still confidential. Therefore, the BVI company can continue its traditional role: confidentiality. The effect still exists.
The operations of BVI companies are becoming increasingly complex, and late reporting will also incur fines. However, if we are appointed as the administrator, the company structure and compliance management can become easier to handle.
If you have any questions about BVI companies or need to change company secretaries/management personnel, etc., please feel free to contact us.
(Some pictures are taken from the public Internet. If there is any copyright, please inform us to delete them)
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