E-Commerce Businessin the BVI

E-Commerce Business in the British Virgin Islands

Electronic Commerce is the exchange of business information via an electronic format, such as Electronic Data Interchange (EDI), electronic mail (e-mail), electronic bulletin boards, and electronic funds transfer. E-Commerce technologies are designed to replace traditional paper based workflow with faster, more efficient and reliable communications between computers. E-Commerce is being able to do business over the web and allow your customers through your website, to buy the products or services that your company offers and pay for them online.

BVI IBC is particularly well suited to conduct business via the Internet or other electronic means. In developing an electronic business, particularly in cases where the product or service can itself be delivered electronically, the server hosting the data can literally be located anywhere in the world. Operating through an IBC in the BVI may offer a number of advantages including the avoidance of sales or value added taxes (VAT), limiting the impact of existing or potential restrictive regulations governing the Internet, limiting exposure to liability and foreign jurisdictions, and possibly providing deferral of tax so that profits may be reinvested in international expansion. In addition, it may be beneficial to host a copy of key data in a Y2K-ready offshore jurisdiction such as the BVI for extra protection.

The natural bonding of the Internet and Offshore stems from the fact that both, of their nature, manage to avoid tax. Businesses which can operate on the Internet without, so to speak, touching ground in a high-tax jurisdiction will naturally migrate to offshore jurisdictions; while business that already have offshore existence will find it highly convenient to be able to use the Internet to trade with their high-tax customers without having to make a landing in their countries.

As a major offshore jurisdiction with hundreds of thousands of offshore enterprises already installed, including many investment funds and insurance companies, it is only a matter of time before the BVI becomes a centre of e-commerce activity. The island's geographical location, its good telecommunications links and its sophisticated business infrastructure add to the inevitability of an e-future for the Islands.

By locating websites in the BVI to carry out functions previously based in high-tax jurisdictions such as sales and marketing, treasury management, supply of financial services, and most of all, the supply of digital goods such as music, video, training, software etc, businesses can take advantage of low rates of taxation for increasingly substantial parts of their operation.

In many countries, the distribution of goods from a warehousing facility does not constitute the carrying on of a trade or business in that jurisdiction, so that even for physical goods, in many case it will be possible to avoid a permanent establishment (taxable presence) altogether in many high-tax jurisdictions where trading activities currently take place.

Our E-commerce lawyers provide a broad range of services including registration, transactional, and litigation in the areas of intellectual property, Internet matters, privacy, and regulatory compliance. We have extensive experience in risk management of intellectual property assets, as well as enhancement of those assets. Areas of experience include:

• Registration of Trademarks;
• Protection of Trade Dress;
• Opening offshore bank accounts with merchant facilities;
• Providing complete corporate services, including company formation;
• Registration of Copyrights;
• Risk Assessment for Online Content;
• Protection of Trade Secrets;
• Website Development Agreements;
• Website Notices and Privacy Analysis;
• Intellectual Property Licensing.

Coddan provides a full range of Electronic Commerce consulting and implementation services that help companies build successful Business-to-Business. We also provide a broad range of legal services tailored to fit out clients' business and transactional challenges. Our lawyers assist in developing the optimal legal structure for businesses based on the goals of our clients and the application of our experience in tax and securities law. Whether the preferred structure is a IBC, limited company, limited partnership or general partnership, we craft the formation documents, operating and partnership agreements, shareholder agreements or Memorandum and Articles of Association to suit the unique issues presented by our clients' business plans.

Coddan would like to offer you the most unique and useful type of service that you can find in the companies formation market. We are pleased to offer a unique service: a ready-made company with a unique name, domain name registered for 2 years and attractive web-site interface. We would like to offer you the easiest solution for your business needs: buy one of our ready-made companies with a harmonious name, domain name and nearly ready-made web site.

With Coddan you can upload your products on Internet along with images and detailed information. We build business orientated shopping cart systems that allow your customer to add products to a shopping cart, manage the quantities they require and pay with the selected payment. With Coddan you can do your business better and faster!

Please contact us for more information. If you have any queries, please call us during business hours and speak to one of our highly trained incorporation specialists. You can call us by phone 800-081-1510 or + 44 (0) 207.935.5171, or make an initial consultation request.