Shares and Share Capital
Offshore companies use shares to reflect their ownership. Actually, shares are the units of internal accounting, which represent a participation of an owner in the company. By taking a share in a company a person agrees to invest some of his personal money, or assets, or intellectual rights or property into a company. For this he acquires the right to participate in the profits of the company, in proportion to his share. Also, usually shareholder receives the right to participate in the decision-making process of the company (this is not the case for non-voting shares).
For BVI IBC's, classes of shares permitted are: registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights. Nominee shareholders are permitted too.
The BVI Business Company must always have one incorporator at the registration moment. This is an initial shareholder for a minimum amount of shares. After that, the shares in the Business Company may be issued and transferred to any further shareholders according to the wishes of the beneficial owner; or, the shares may remain registered onto the initial incorporator who would in this way continue to act as Nominee Shareholder. A Nominee Shareholder may hold shares for several beneficial owners at once. The service of incorporator is provided by the Registered Agent.