BVI and the Cayman Islands Company

Applying for a BVI or the Cayman Islands Company Today! 

If you have already decided the location where you want to form your company, you can simply click the link below for a detailed introduction to the materials, processing time, and other requirements to be met.

I want to register:

• An offshore company in BVI;
• An offshore company in the Cayman Islands;
  

If you have decided where to register your company, or you are not fully familiar with the differences between companies registered in these two territories, don’t worry! Please keep reading, and Hongda will take you through the comprehensive introduction to registering a company in BVI or the Cayman Islands.

BVI and The Cayman Islands: Which one should you choose?

British Virgin Islands (BVI)

British Virgin Islands, or BVI, is located in the Caribbean Sea. BVI is a British Overseas Territory and a member of the Commonwealth. Nowadays, there are over 1.7 million companies registered in BVI, a quarter of which are registered by Chinese enterprises or individuals, making it one of the most popular offshore registration choices globally. Overseas listing preparation, global tax planning, and company asset protection are the major purposes of setting up a BVI company in the enterprise’s overall structure. Additional incentives brought by a company registered in BVI include low or even tax-free advantages and key management personnel’s information confidentiality, leading to a more flexible tax optimization arrangement.

Key Features of BVI companies

• Business conducted outside of the BVI is exempt from all forms of taxation.
  
• The corporate structure is simple and can consist of just one shareholder and one director.
  
• Shareholder information is not accessible to the public.
  
• A register of directors and senior management must be filed with the Registrar of Companies, but it is not available for public inspection.
  
• There is no minimum capital requirement, and any currency can be used as the share capital denomination.
  
• Shares can be issued with or without par value.
  
• A Chinese company name can be registered with the Registrar.
  
• There is no requirement to prepare audited accounts or hold annual general meetings of shareholders.
  
• There is no requirement to declare beneficiaries, annual profits, or financial status.
  

The Cayman Islands

Located in the western Caribbean Sea, the Cayman Islands is also a British Overseas Territory. Thanks to its business-friendly regulatory environment and advanced infrastructure, it has been known as a leading jurisdiction for offshore company registration. Regarded as the pioneer of the offshore company formation destination, the Cayman Islands has built a well-defined classification system for companies registered here, making it one of the best-known offshore financial centers globally.

Key Features of Cayman Islands Companies

• Exempted companies primarily conduct business outside the Cayman Islands.
• They can apply for a tax exemption certificate, with an initial term of 20 or 30 years.
• The corporate structure is simple and can consist of just one shareholder and one director.
• Shareholder information is not accessible to the public.
• A register of directors and senior management must be filed with the Registrar of Companies, but it is not available for public inspection.
• There is no minimum capital requirement, and any currency can be used as the share capital denomination.
• Shares can be issued with or without par value.
• A Chinese company name can be registered with the Registrar.

Comparison of BVI and the Cayman Islands Companies

Similarities between BVI and the Cayman Islands Companies

Differences between BVI and the Cayman Islands Companies

We hope that after reading the information, you have gained a better understanding of the companies in BVI and the Cayman Islands. If you have figured out in which area you want to register your company, please click the following link:

I want to register:

• An offshore company in BVI;
• An offshore company in the Cayman Islands;

Don’t worry if you are still not sure about which area is better for your business. Hongda is fully aware that registering an offshore company is an important decision you should think twice about. We will be happy to have a free online meeting with you to talk about your plan to help you make your final decision!