THE BRITISH VIRGIN ISLANDS—THE MOST POPULAR JURISDICTION FOR INCORPORATIONS

About 1 million companies call the British Virgin Islands their home. The jurisdiction was primarily known for its reputation as an offshore jurisdiction. However, many public companies do  legitimately make the BVI their home. BVI does not impose any income tax on companies incorporated there, as long as they do not have a place of business. Costs are higher than the than in the United States, particularly for public companies. This is a place we definitely  need an experienced local lawyer. Unlike United States, you must go through a registered agent in order to incorporating BVI.

However, for select group of companies desiring to make an IPO, the BVI can be a good choice. Companies wishing to go public  whose activities are primarily outside the United States, or whose revenues come from international sales, will be a will to save a substantial amount of income tax by incorporated in BVI.

Companies which are already incorporating United States can migrate to BVI, usually through a jurisdiction such as Wyoming. Unless there is an applicable exit tax, this would be a quick and painless way to escape the burden of US taxation.