Fidelity Corporate Services Ltd is a privately held BVI company which specializes in the BVI offshore products and services. It has received the license under the BVI Banks and Trust Companies Act 1990 as trust company authorized to provide offshore company formation and management services. In this status it is regulated and supervised by the BVI Financial Services Commission.
The company has a paid-up capital of USD 250'000 and maintains an adequate professional indemnity insurance coverage. The principals and the management team of the company have been stringently vetted by the Financial Services Commission as regards their professional competence, experience and personal integrity.
Our services include offshore company incorporation and administration, provision of registered address and registered agent, company management (directors and officers), nominee shareholders, documents custody, mail forwarding, virtual offices, bank account introductions and management, corporate searches and filings, drafting of corporate and business documentation.
The primary product that is offered by Fidelity Corporate Services Ltd is the BVI Business Companies, which are more commonly known as IBC's or International Business Companies. IBC's are what is called the basis and the building block of the offshore financial services industry. A modern IBC is a private corporation exempt from taxes and suitable for almost any possible international business activity, having flexible structure and maintaining strict confidentiality, not burdened by excessive reporting and record-keeping requirements.
The BVI IBC has got the leading status in the offshore services industry since the adoption of the British Virgin Islands International Business Companies Ordinance in 1984. Now BVI is the most popular tax haven, with more than 600,000 incorporated companies and more than 5000 new companies registered monthly. The British Virgin Islands have so high reputation as an offshore corporate domicile that in some regions International Business Companies are called simply BVI's.
On January 1, 2005, a new version of the BVI Business Companies Act was adopted, implementing further improvements in the BVI offshore corporate legislation which is already considered to be excellent. The new law adequately faces some kinds of pressure faced by the offshore financial industry in the last years, especially that concerning “illegal discrimination” between domestic and offshore companies. The new BVI Business Companies Act removes any distinctions between the companies operating in the domestic market and companies restricted only to international business, and joins them into one unified type of company – a BVI Business Company. This new corporate structure preserves all the benefits provided by the previous legislation, including exemption from taxes.