Aspen Trust

General Information 

• Type of Company - British Virgin Islands Business Company (BC)
• Legislation - Common Law
• Company name - Non-English company names are allowed
• Time-scale for incorporation - 2-5 working days
• Change in domicile is permitted
• Double tax treaties - currently none
• Shelf companies are available
• Taxation on profits - none on foreign profits

Local Requirements

• Registered Office is required
• Company Secretary and local or qualified secretary are not required
• Local directors are not required
• The location of meetings can be anywhere in the world
• Public recording of directors is not required
• Public recording of shareholders is optional

Corporate Requirements

• Minimum number of shareholders - One (1)
• Minimum number of directors - One (1)
• Minimum paid up share capital - N/A
• Usual Authorised Capital – US$50,000
• Standard currency of share capital - US$

Annual Requirements

• It is not a requirement to prepare and file accuonts
• There is no requirement for audited accounts
• There is no requirement to file annual return
• Minimum government fees are US$350