COMPANY STRUCTURE AND REGISTRATION PROCEDURES IN THE BVI


Other questions in this section:
What`s the difference between a domestic company and an offshore company?
Why are certain words not permitted in the name of the offshore company?
Does the International Business Company need to have an initial lump-sum of capital?
What is the currency of capital for an International Business Company?
Is it a requirement for an IBC to set up a fully operational office in the BVI?
May I be the only shareholder and also serve as director of my IBC?
May I have another company holding shares in my offshore company?
What is a nominee shareholder?
Should I register my offshore company with bearer shares or registered shares?
What is a nominee director?
What is the purpose of the nominee director?
What is a Power of Attorney?
What is an Apostille?
Why would I need my offshore company documents Apostilled?
What is a Certificate of Good Standing?

What is the currency of capital for an International Business Company?

If the company chooses to state any figure of its capital (which is optional), this capital may be stated in any currency. US dollars would probably be the most popular, as it is the national currency of the British Virgin Islands.