BVI Company - 09/04/00
Question
What advantage to set-up a BVI Company(business / hold property) ?How about the charge of setup & annual fee?
Answer
Normally, a business with tax planning will setup BVI company(ies) so as to minimise the tax, but it depends on the operations and transactions flow. For effective tax planning, it is better to consult professional audit firm. Moreover, people may find useful in setting up a BVI company to keep the directorship and shareholding in private.

The BVI initial setup fee is rounding HK$23,000 (including out-of-pocket expenses) and the subsequent annual license fee and registered agent fee is rounding HK$5,000 (the fee is subject to change at the prevailing rate). In setting up a BVI company, it is better to consult professional audit firm for advice.