People sometimes want to register in other jurisdictions for reasons such as:
- (1) minimum director requirements;
- (2) favorable corporate taxes;
- (3) employer or corporate incentives for hiring locally, among others.
The article British Virgin Islands: Guide To Establishing A British Virgin Islands (BVI) Company describes the five types of companies that could be incorporated under the BVI Business Companies Act. The article highlights some of the essential elements required for incorporation including public record, directors, registered office, and other incorporation requirements.
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