BVI or Belize company registration what is best?

[forcet]

What is best a BVI company or a Belize company, both need to be offshore.!!


Can you tell me what of the above is best please?

 

[JohnLocke]

There is no "best offshore jurisdiction" the question here is what are your requirements and your goals?

 

[forcet]

Well I went with a BVI company and it worked great, so my Cyprus company achieve all the goals I had

 

[dwilson]

The difference is mainly cost. Both jurisdictions have identical legislation and both IBCs share identical attributes re pros and cons. By the way, the term "offshore" is a general description of products or services that are foreign to your domicile.

 

[forcet]

I appreciate your response. So it is legit to say BVI offshore company when I speak about my company right?

 

[dwilson]

Yes. You can refer to it as a BVI offshore company or a BVI BC (BC - business company). There is actually a distinction between a BVI IBC and a BVI BC since old companies were incorporated under IBC legislation and newer companies (post 2006) under BC legislation. All of the old companies were then "converted" to BC legislation and if you speak with a BVI professional, he/ she will correct you if you refer to a BVI offshore company as a BVI IBC. :S -confused:

 

[powerbeme]

All of the old companies were then "converted" to BC legislation and if you speak with a BVI professional, he/ she will correct you if you refer to a BVI offshore company as a BVI IBC.

LoL don't they know what a BVI IBC is any longer :tongue:

 

[dwilson]

:w: Funny powerbeme - It is a matter of clarity since the BC legislation has significant changes to it, but BVI is special! :conf:

 

[powerbeme]

Agree! What you think, better to register a BVI company rather than Belize or?

 

[dwilson]

I don't have a "favorite"! It is a matter of understanding what a customer is trying to accomplish (both short & long term goals) considering their budget and banking needs. I have observed that consumers are looking for a "perfect" jurisdiction and the plain old truth is that there is no one size fits all! The best solutions are custom made.

 

[fasteroffshore]

I have observed that consumers are looking for a "perfect" jurisdiction and the plain old truth is that there is no one size fits all! The best solutions are custom made.

True, seems that it is a complicated initial process to go through to find a tailor made solution.

 

[dwilson]

It is not necessarily a complicated process. I think that consumers have preconceptions on what they want/ need and this is further compounded by what limited credible information is available about offshore products. It then comes as a surprise when a consumer meets a knowledgeable professional that actually listens and then provides them with meaningful advice that is different to what they had initially expected.


I don't think that I have ever had a customer that has inquired about services and already has a well thought-out plan. There tends to be so much emphasis on cost and many customers are surprised at what it truly costs to meet their needs. The problem can then come about when a consumer goes cheap and is then susceptible to long-term consequences.

 

[forcet]

What I have seen is that it is complicated to work with a Belize company if credit card processing is needed, Im looking into Seychelles and see it is same problem now Im looking into Panama and BVI.

 

[Zqq]

You will typically find it easier to get a merchant account with a Panamanian company than Belize or Seychelles.