BVI Domestic (CAP285) Companies Companies formed under The Companies Act (Domestic "CAP285" Companies) are limited liability corporate entities which have no restrictions upon trading or doing business in the BVI. However, these companies are subject to BVI income tax on their profits at the rate of 15%. The CAP285 company is substantially based on the traditional English company model, as embodied in the UK Companies Act of 1948. It is, therefore, an extremely flexible corporate vehicle suitable for a wide range of trading and investment activities in the BVI. CAP 285 legislation also provides for domestic Companies Limited by Guarantee. Furthermore, Elan has provided information on Local Limited Partnerships, as well as a complete Incorporation Procedure outlined for your convenience. Adherence to this procedure will ensure that your incorporation request is executed free of complications or uncertainties.

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