BVI (British Virgin Islands)

[Norri]

A while ago, Peter Carruthers talked about moving your SA-based business to the BVI for the tax-breaks and a break from all the red tape South African businesses tend to face. Specifically, these things appeal to me:

• No tax I'd of course still have to pay tax on money I earn from the business, but that still means I get to enjoy a larger piece of my pie.
• No bookkeeping requirement. It's just not a requirement there, like it is here.
• International appeal. US folk will trust a BVI company more than an African company - regardless of country.

My business is 100% online and there is no good reason for me to keep it in SA as far as I can tell.

Does anyone know of a reputable company that can help me with incorporating in the BVI and what the costs involved are likely to be?

Has anyone investigates this extensively and share experiences?

[Norri]

Here's some extra info I've found to help others who have just heard of this for the first time:

http://www.myoffshorecompanies.com/faq/

[nkawit]

www.fletcherkennedy.com in UK handles majority of our international company registrations

[Norri]

Thanks, their pricing looks decent enough.