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IBCF: NEWS AND INFORMATION
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Fee Changes in the British Virgin Islands
Effective January 1, 2005, the annual government fee for International Business Companies will be increased from $300 to $350 for companies with authorized capital not greater than $50,000 and from $1,000 to $1,100 for companies with authorized capital more than $50,000. Companies with no par value shares and authorized capital of $50,000 or less will have their fee remain as is at $350.
You should also note that, also effective on this date, any new company formed whose Memorandum and Articles of Association permits the issuance of bearer shares will now pay a government license fee of $1,100. Existing companies formed prior to January 1, 2005 will have until January 1, 2008 to amend their Memorandum and Articles of Association to prohibit the issuance of bearer shares before any increase in fees due to bearer shares becomes applicable.
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Business Company Formation, Inc. assists
legal professionals with company formation,
both internationally and offshore, and
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document retrieval services throughout
International Business Company Formation
is an affiliate of National Registered
Agents, Inc., a fully licensed professional
Registered Agent for thousands of business
entities, large and small, throughout
the entire United States.
Business Company Formation, Inc. is
located in the historic district of
Tappan, New York, approximately thirty
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International Business Company Formation,
101 Main Street, Suite One
Tappan, New York 10983
Toll Free: 888-664-6263
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