Offshore company management in BVI can be divided into two categories: direct control and nominee control. The decision between the two options will need to take place during the early stages of British Virgin Islands Company Formation, as the names of the company managers will be recorded as needed.
The company management option should take into consideration the wishes of the company founder but also the nature of the business activities and whether or not the BVI offshore company is involved in extensive trading with other jurisdictions, especially the country in which the company director is a resident.
The beneficial owner who acts as the director of the company has two main advantages and two disadvantages, each presented in the list below:
Our team of BVI company incorporation agents can offer you in-depth information about these situations.
The nominee director in BVI is a third-party company manager who is appointed for the purpose of offering a high degree of private but at the same time serves an important role in the daily management of the company. The relationship between the beneficial owner and the nominee director is a contractual one through which the powers of the nominee are clearly defined. A basic level of involvement will prevent him from having a defining role in the company, however, company owners can decide what powers to attribute to this third-party.
Company owners can also choose to appoint a team of accountants in BVI to make sure that their legal entity, especially of regulates, complies with the minimum requirements.
Legal counsel can be essential at different times during the lifetime of an offshore company. You can work with our attorneys in BVI who offer complete legal solutions for offshore companies. From business, commercial and contract law, to employment and tax law, we can cover the entire spectrum of legal matters for an offshore business. We also offer solutions for individuals.
Contact our BVI company set up experts for complete assistance during the registration of the company.