Offshore BVI Guarantee Company Formation, Registration and Online Incorporation in British Virgin Islands: Open an Offshore Bank Account in BVI
: We are a company formation and business administration firm offers a comprehensive range of starting business solutions, corporate, legal, and tax advice. Since 1993, we have developed an excellent international reputation for providing the highest quality solutions and advice for our clients. We provide exactly the same service as most other agents, but apart from the other corporate service providers, we are not a home-based family business with only online presence. In addition, although most of professionals have conventionally worked on an hourly basis, our main target is selling the amount of high-grade products and first-rate services than high-cost time. Where the scope of the work can be adequately specified, we keenly encourage alternative fixed-fee arrangements, or an applicable percentage; as the simplest example: from the legally tax-reductions.
Forming or Registering a Company Limited by Guarantee in the BVI, Incorporate Offshore Non-Profit Company Online
: The BVI Companies Act (Cap. 285) provides for the establishment of domestic private companies limited by guarantee. Such companies have no authorised share capital and no shareholders. A domestic company can apply to the BVI Companies Registry for status as a "non-resident company" and thereby secure exempt status from BVI corporation tax on income not sourced in or remitted to the BVI. BVI company limited by guarantee can achieve (through specialised drafting of the memorandum and articles of association) several purposes, including serving as an offshore holding company, asset protection, charity, investment, private company in lieu of a private trust, real estate, succession company in lieu of a will or grant of administration, or private annuity company.
Offshore Company Limited by Guarantee Formations Agent – BVI Companies Registry New Charitable Company Registrations by Coddan
: A company limited by guarantee must have a minimum of two members; the memorandum of association contains a statement of the amount up to which the members guarantee the company's debts. The articles can provide for the members to have differing 'shares' of the assets and liabilities. The company limited by guarantee has certain advantages, including that there is no list of members on the annual return, and that control over assets can be achieved without the use of shares; in some jurisdictions, profits realised from such companies are classified as capital gains rather than as income. BVI companies limited by guarantee can be resident or non-resident, as for those limited by shares.
BVI Non-Profit Company Registration, Setting Up a Company Limited by Guarantee Charity
: Coddan offers three packages which are designed to meet the varying needs of our clients. All of our packages include a local registered agent and a local registered office address in BVI, both of which are statutory requirements. Our Economy package is perfect for those wishing to form a company with their own officers. If you do not have the requisite minimum officers, or if you prefer to maintain a level of anonymity for legitimate business reasons, our Premier and Deluxe packages are the perfect solution. With our Premier package, Coddan will act as a nominee director for your company. In addition to a nominee director, our Deluxe package includes a nominee member for your company. We may also help you to establish and open an offshore bank account in British Virgin Islands for your company.
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Further information
These type of companies are used by BVI charities and for not for profit promotion of education, commerce, art science and sport, or for promoting the interests of a particular section of society, or for a particular policy. We prepare and electronically submit new BVI non-profit company registrations (formations) as soon as we receive your instructions. BVI Incorporations can be completed within 1 working day. BVI company formation agent specializing BVI guarantee company incorporation, BVI non-profit company formation charitable company registration of BVI private limited company, limited liability partnership and limited by guarantee company. Charity registration and charities incorporation provider BVI.
A company limited by guarantee is a registered company having the liability of its members limited by the memorandum to such amounts as the members may respectively undertake to contribute to the assets of the company in the event of its being wound up. Such companies are widely used for schools, professional and trade associations, clubs and management companies for blocks of flats (but see also our special property management package.) Setting company limited by guarantee United Kingdom, open guarantee companies BVI, Commonly the Companies Limited by Guarantee are not setup to make profit for the directors, where as Directors or investors of a Company Limited by Shares receive a share of company profits.
Establish BVI guarantee company, setting company limited by guarantee, start-up companies limited by guarantee. BVI Company Limited by Shares is obliged to use the word limited in its name and on its stationery, but Companies Limited by Guarantee may apply for an exemption. We normally do this when we forming company for you BVI, British Virgin Islands. Companies Limited by Guarantee can have various aims and objectives. These details become part of the Memorandum and Articles of the company. It is important that M & A are drawn by competent professionals at the beginning, that does not create problems at a later date, especially when applying for a charitable status to the Charities Commission.
BVI Companies limited by guarantee are normally registered for non-profit making activities. The company has no share capital and has members instead of shareholders. The Memorandum of Association usually includes a non-profit distribution clause. Non-profit organizations such as charities, societies and clubs frequently choose companies limited by guarantee as their trading vehicle.
Members enjoy limited liability and their absolute exposure to any of the company's creditors is normally £1. The exact amount will be stipulated in the BVI company's constitution, registering new company limited by guarantee, setting company, incorporating company, incorporator.
BVI nonprofit corporation is a corporation that is formed pursuant to a different state law than a standard for-profit corporation. The corporation must be formed for some religious, charitable, educational, literary or scientific purpose. While a standard business corporation is designed to benefit and generate a profit for its shareholders, nonprofits do not have the profit motive. BVI Nonprofit corporations are allowed to apply for tax-exempt status at both the federal and state level.
However, there are some disadvantages to forming BVI nonprofit corporation. The main disadvantage of forming a nonprofit company is the increased paperwork that is required. Articles of incorporation must be filed with the state, bylaws prepared and meeting minutes must be kept with your corporations records.
Also, applications for tax-exempt status must be filed at both the federal and state levels. BVI investment and business guide, British Virgin Islands business opportunities, conducting business in BVI. Guarantee companies BVI electronic filing service, non-for profit business filing service. Guarantee LTD business entity filing forms and company registration in BVI, incorporating or forming an business company online, one day UK incorporation, setting guarantee company with us. LLC and Limited Partnership formation or form an BVI corporation. Advantage of a Limited Liability Company in BVI, guarantee company advantages and benefits, uses of a company limited by guarantee. Starting a business from scratch, opening a Small Business in BVI. This page contains a checklist of matters to be decided when we form your guarantee company. Under most questions there is an explanation in italics to assist you and a choice of alternatives, from which you should select the appropriate alternative by deleting the one you do not require and/or filling in any details that are required.
The Company Limited by Guarantee and the Company Limited by Guarantee and Having Shares). These corporate forms were first introduced in the Isle of Man in the Companies Act, 1865. Notwithstanding this, the trust has always been the overwhelmingly preferred fiduciary mechanism because of its ability to handle abstract concepts, such as unborn (and unconcealed) children. It is only in very recent years that change in both trust and tax law have caused these corporate forms to be explored and their full potential to become recognized. Coddan - guarantee company formation agent. Offering guarantee company formation in London, forming non-profit company in United Kingdom, British guarantee company incorporation, incorporate non-profit company in BVI, guarantee company registration in BVI, non-profit company registrations in BVI. Setting BVI guarantee company, formation agent, start-up charity in BVI, set-up BVI non-for profit entity, and guarantee company advantages, benefits non-profit company.
Uses guarantee company BVI, guarantee company structure, non-profit company concept, charity company registrations, BVI registered charitable company. Online tax-exempt company formation, registered office service BVI, guarantee company management in central BVI, nominee secretary service, nominee trustee, nominee directors, ready made company, guarantee shelf company list. Guarantee company advantages, benefits non-profit company, uses guarantee company, company limited by guarantee structure, non-profit company concept. Coddan provides charity company registrations in BVI. Your own BVI guarantee limited company formation online uses our electronic filing service direct with companies house. How to Form a Nonprofit Corporation in BVI - Set-Up and Running Your Nonprofit Corporation.
This is one of our most popular packages with worldwide customers, and includes: -
The formation of a BVI company limited by guarantee usually takes as little as five to seven working days from the time that your application and payment are received by Coddan;
The registration your BVI company limited by guarantee from scratch using our registered agent & registered office address; and appoint your own candidates to the roles of director, and members;
The government and initiation fees for incorporation are included in the price of this package;
The search for a company name availability, confirmation, and reservation;
The preparation and submission of the memorandum and articles of association;
A local registered office address and a local registered agent for 12 months are included in the price of this package (our registered agent & office address service are charged annually);
To receive an original of the certificate of incorporation from the Companies Registrar usually takes as little as two to three days from the time of incorporation.
The following hard bound copy of corporate documents, will be posted to you upon formation of your company limited by guarantee: -
An original certificate of incorporation;
A hard bound copy of the memorandum and articles of association;
The minutes of the first meeting of the board of directors;
A completed register of directors and members;
An elegant printed membership certificates;
A pliers seal.
Premier Package
£ 1,445
Annual Maintenance Fee £929.00
This is another one very popular package with worldwide customers, and includes: -
The formation of a company limited by guarantee usually takes as little as five to seven working days from the time that your application and payment are received by Coddan;
The incorporation your BVI company limited by guarantee from scratch using our registered agent & registered office address, and appoint your own candidate to the role of a members;
The government and initiation fees for incorporation are included in the price of this package;
The search for a company name availability, confirmation, and reservation;
The preparation and submission of the memorandum and articles of association;
A local registered office address and a local registered agent for 12 months are included in the price of this package (our registered agent & office address service are charged annually);
The provision of a nominee director for one year is also included in the price of this package (our nominee director service is charged annually);
To receive an original of the certificate of incorporation from the Companies Registrar usually takes as little as two to three days from the time of incorporation.
The following hard bound copy of corporate documents, will be posted to you upon formation of your company limited by guarantee: -
An original certificate of incorporation;
A hard bound copy of the memorandum and articles of association;
The minutes of the first meeting of the board of directors;
A completed register of directors and members;
An elegant printed membership certificates;
A pliers seal;
The general power of attorney signed by a nominee director (additional fee applies);
Pre-signed, undated resignation letter from a nominee director;
The agreement for the provision of a nominee service and indemnification of nominee.
Deluxe Package
£ 1,640
Annual Maintenance Fee £1,124
This is our most popular package with international customers, and includes: -
The formation of a company limited by guarantee usually takes as little as five to seven working days from the time that your application and payment are received by Coddan;
The registration your BVI company limited by guarantee from scratch using our registered agent & registered office address, and appoint our own candidates to the role of a nominee director and a nominee member;
The government and initiation fees for incorporation are included in the price of this package;
The search for a company name availability, confirmation, and reservation;
The preparation and submission of the memorandum and articles of association;
A local registered office address and a local registered agent for one year are included in the price of this package (our registered agent & office address service are charged annually);
The provision of a nominee director for 12 months is included in the price of this package (our nominee director service is charged annually);
The provision of a nominee member for 12 months is also included in the price of this package (our nominee member service is charged annually);
To receive an original of the certificate of incorporation from the Companies Registrar usually takes as little as two to three days from the time of incorporation.
The following hard bound copy of corporate documents, will be posted to you upon formation of your company limited by guarantee: -
An original certificate of incorporation;
A hard bound copy of the memorandum and articles of association;
The minutes of the first meeting of the board of directors;
A completed register of directors and members;
An elegant printed membership certificates;
A pliers seal;
Pre-signed, undated letters of resignation from a nominee director and a nominee member;
A general power of attorney signed by a nominee director (additional fee applies);
A declaration of trust from a nominee member;
An indemnity letter for the power of attorney;
A nominee agreement which provides for the indemnification of the nominees.
BVI Guarantee Company Incorporation Legal Requirements
A company limited by guarantee can trade within the British Virgin Islands or own real estate in the jurisdiction of the BVI.
A company limited by guarantee is required to have a registered office address in the British Virgin Islands.
A company is required to have a registered agent in the British Virgin Islands.
At least one director must be appointed as a managing director of a business company.
There is no maximum number of directors.
A director can be of any nationality.
Director(s) can be corporate bodies (another company, trust or a partnership) or private individuals.
At minimum, two members must be appointed.
Members can be corporate bodies (another company, trust or a partnership) or private individuals.
The same person can be appointed both as a member and a director. You need at least two persons to form this type of company.
Company officers may be resident outside of the British Virgin Islands.
The names and addresses of directors and members are not available on the public record.
There is no requirement for appointing a resident member or a resident director.
There is no requirement for a resident secretary, but it is advisable.
A domestic company can apply to the BVI Companies Registry for status as a non-resident company and thereby secure exempt status from BVI corporation tax on income not sourced in or remitted to the BVI.
A company limited by guarantee can undertake commercial activities without the need for any subscribed equity capital.
A BVI company limited by guarantee can achieve (through specialised drafting of the memorandum and articles of association) several purposes, including serving as an offshore holding company, asset protection, charity, investment, private company in lieu of a private trust, real estate, succession company in lieu of a will or grant of administration, or private annuity company
Confidentiality is one of the key features of the BVI business company as details of the company beneficial owners, directors and members are not part of public record. Register of members, register of directors and all minutes and resolutions by the company are kept only at the offices of the registered agent in complete confidentiality.
Coddan is the firm with many years experience in assisting clients with business formations in the British Virgin Islands, United Kingdom, Ireland (Republic of Ireland and Northern Ireland), Cyprus, and USA as well as with the formation of offshore business entities in many offshore countries, such as: Anguilla, Bahamas, Belize, Dubai, Gibraltar, Guernsey, Hong Kong, Isle of Man, Jersey, Malta, Marshall Islands, Mauritius, New Zealand, Nevis, Panama, St. Kitts, and St. Vincent; offering in most circumstances 5-7 days online companies formation, and we are prepared to meet our clients’ needs quickly and without compromise. Our expert knowledge and extensive experience of setting-up of business in BVI and companies' limited by guarantee structures has made us possible to provide the professional, prompt, and efficient service.
1. There is no minimum paid up capital requirement, and capital may be expressed in foreign currency. 2. A guarantee company provides a clear legal identity, this provides the ability for the company to own property in its own name and a democratic structure where its participants are required to adhere to the strict laws and regulations governing limited companies generally. 3. There is a minimum of two members, who may include individuals, or other business entities (a corporation, partnership or a trust); an offshore company limited by guarantee may have a nominee member, who can be provided by Coddan. 4. There is a minimum of one director, who can be an individual or a corporation, a BVI offshore company limited by guarantee may have a nominee director, who can be provided by us. 5. A secretary is not legally required (but can be useful). 6. Each BVI offshore non-profit or a profit company must maintain a registered agent and a local registered office address using licensed agents. 7. No meetings are required of directors or members. 8. Directors, secretary and members can be of any nationality. 9. There are no exchange controls for a British Virgin Islands companies limited by guarantee. 10. Foreign companies may continue (re-domicile) as BVI private companies limited by guarantee, and vice versa.
Our services include: - 1. Domiciliation: we provide a corporate seat, i.e., an official legal and registered office address which can be used for registration of a BVI company, along with a location to receive and forward mail overseas. 2. Incorporation: we support and maintenance the incorporation of an offshore BVI company, including opening of a corporate and personal bank accounts. 3. Management: provision of a personal or corporate nominee directors. 4. Accounting: we can provide bookkeeping services including the creation of the general ledger and preparation of the balance sheet, the statement of income and expenses we can further take care of the maintenance of all books of account and financial records. 5. Company Administration: updating of registers of directors, officers and members, issuance of registered agent certificates, preparing draft resolutions, assisting with apostilles and legalisation of documents at various embassies and consulates, restoration of companies that have been struck off, filing of annual fees, amendments to memorandum and articles of association, issuance of certificates of incorporation, certificates of good standing, certificates of tax exemption and certificates of dissolution.
Our team of consultants will be pleased to assist with your enquiries related to establishing and maintaining limited liability companies and partnerships or creating complex corporate legal structures. On our web-site, you will find a number of useful tips and information, downloadable documents, which may help you to learn what to take into consideration when deciding among public companies, BVI private limited liability companies, BVI limited partnerships and companies limited by guarantee. Our great value price to incorporate a BVI company limited by guarantee starts from just £1,185, we consistently provide quality assistance and the best service to satisfy our valued customers.
We provide different packages with the different options depending on your business needs; each package offers the complete formation of a company limited by guarantee, which is usually ready to commence trading within five to seven days. Our packages offer the perfect results for those people who are taking the first step into the offshore business or smaller companies whose budget won't stretch to bespoke business solutions, there are no dumbfounds and no hidden charges, - what you see is what you pay! We can also assist clients with the special needs or requirements, we could make a tailor made package that would suit your personal needs and wants. If you choose us as your corporate service provider, you will almost immediately realise that our team of proficient advisors, is your own dedicated support team.
BVI company limited by guarantee registration documents submitted electronically, which allows us to offer you a timesaving service and eliminate the necessity to complete the paper forms, sign them by your company officers, and certify by a solicitor or notary public.
Why Choose Coddan to Incorporate in the BVI?
We are a BVI and UK company formation and business administration firm offers a comprehensive range of starting offshore business solutions, corporate, legal, and tax advice. Since 1993, we have developed an excellent international reputation for providing the highest quality solutions and advice for our clients.
We provide exactly the same service as most other agents, but apart from the other offshore corporate service providers, we are not a home-based family business with only online presence. Our main UK office building is located on 124 Baker Street, in the first, second and third floors; in the heart of the Central of London,just few minutes walk from the Marylebone Road. Nearest station: Baker Street.
In addition, although most of offshore and UK professionals have conventionally worked on an hourly basis, our main target is selling the amount of high-grade products and first-rate services than high-cost time. Where the scope of the work can be adequately specified, we keenly encourage alternative fixed-fee arrangements, or an applicable percentage (as the simplest example: from the legally tax-reductions).
Our successful organisation has associated offices in Tortola BVI, London, Glasgow, Edinburgh, Belfast, Dublin, Delaware, Douglas Isle of Man, Albany New York, Nicosia Cyprus, Panama, and in Hong Kong. We offer a prompt professional and personal service. Coddan retained the high quality professionals who are extremely knowledgeable and true professionals in both of offshore & UK legal structures and tax law aspects. Coddan's advisers can provide customers with free and confidential advice and information on starting up a business in BVI, Panama, Seychelles, Mauritius, England, Northern Ireland, Scotland, & Wales; and in the Channel Islands, the Island of Man or in Republic of Ireland.
In addition to these, as has been mentioned above, we offer tailored packages for your individual requirements, whether you intend to set-up your own business or act on your customers behalf, you can rely on Coddan. You will not be faced with high expensive solicitors or legal jargon that you do not understand. Instead, you will find us very approachable, providing a straight-talking and stress-free route to a professionally registered company. Our widespread, cost-saving services enclosed everything you need from simplest firms registration to provision of all the necessary corporate documentation, obtaining notary, or apostille authorisation.
If you would like a personal face-to-face consultation and dedicated help with your BVI business start-up, call us on +44 (0) 207.935.5171, or 033 0808-0089 to discuss your requirements and make an appointment with one of our consultants. A consultant will contact you at a pre-arranged appointment time to discuss your individual circumstances, as well as your suggestions in relation to your incorporation needs. Our project begins with a short meeting, where our advisors gather the information required to register a BVI company limited by guarantee for each client. The result includes personal assistance with the order form submission, usually completed in 5-7 days.
If you have questions about legal aspects of your BVI non-profit or a charitable company incorporation application, you should speak to one of our consultants. We are very happy to provide a practical support, we have a team of professional business advisers and consultants who can support you to strengthen and grow your business. We can help if you need a qualified advice and guidance in any of the following areas:-
How to select the best business form;
How to start and register your own business in the British Virgin Islands;
How to get your offshore company up and running;
How to satisfy to the new legislation and legal requirements prior to register a new corporate entity in the BVI;
Reasons to register a public company, a non-profit company or a limited partnership;
How to establish a subsidiary company or a branch in the BVI, United Kingdom, Republic of Ireland, United States of America, Cyprus, or in other offshore low-tax countries;
How to manage your already established company limited by guarantee;
How to fulfil the legal requirements and avoid penalties and common mistakes when sending forms and documents to BVI Companies Registrar; etc.
In the case if you would like to register a company in the British Virgin Islands and you are not a BVI-resident or British citizen, this would not have been a problem if you will appoint us as your BVI offshore incorporation agent. We, as your BVI incorporation agent will act as the agent for the acceptance of service of incorporation process in the British Virgin Islands.
You will not be left on your own once you have started up a BVI company limited by guarantee, we still are here to help you with any problems that you may face as you establish and grow your offshore business. Our advisers will answer any questions you may have and explain what you, or we, might do in your current circumstances. If necessary, you may return to us for further help as matters progress. Our team of full-time professional business advisers can guide you through the essential steps to launching your own zero-tax business. Please, take a note that we can have meetings with current of positional customers by appointment only.
If you do not need to get an advice or guidance how to register a company limited by guarantee in BVI, you may simply place an order online with automatic e-mail confirmation, status updates, and e-mail notifications of filing status changes. Areas of our practice: -
Economy
Premier
Deluxe
Our BVI offshore companies limited by guarantee are formed with your specific objects. They might typically specify the kinds of activities and areas which the company is allowed to engage in. Starting from just £1,185, we offer a range of packages designed to suit the varying requirements of our customers. Our BVI formations typically take from five to seven days to effect, and include: our service charge, the government fee for incorporation, the first year's fees for a registered office address and registered agent are included in the price of this package. Upon formation of your BVI company limited by guarantee, we will courier all of the company documents directly to you.
THE FOLLOWING UPGRADES CAN BE ADDED TO OUR ECONOMY PACKAGE:
1. Nominee director service for 12 months - £260.00. 2. Nominee secretary service for 12 months - £150.00. 3. Nominee member service for 12 months - £195.00. 4. Opening a bank account- £500.00. 5. Certificate of incumbency - £120.00. 6. Certificate of good standing - £100.00. 7. Certificate of tax exemption - £125.00. 8. A BVI domain name registration for two years - £120.00. 9. All documents notarised and apostilled - £125.00. 10. Corporate kit - £40.00.
Our BVI offshore companies limited by guarantee are formed with your specific objects. They might typically specify the kinds of activities and areas which the company is allowed to engage in. Starting from just £1,445, we offer a range of packages designed to suit the varying requirements of our customers. Our BVI formations typically take from five to seven days to effect, and include: our service charge, the government fee for incorporation, the first year's fees for a registered office address, registered agent and a nominee director are included in the price of this package. Upon formation of your BVI company limited by guarantee, we will courier all of the company documents directly to you.
THE FOLLOWING UPGRADES CAN BE ADDED TO OUR PREMIER PACKAGE:
1. Nominee secretary service for 12 months - £150.00. 2. Nominee member service for 12 months - £195.00. 3. Opening a bank account- £400.00. 4. Certificate of incumbency - £120.00. 5. Certificate of good standing - £100.00. 6. Certificate of tax exemption - £125.00. 7. A BVI domain name registration for two years - £120.00. 8. All documents notarised and apostilled - £125.00. 9. Corporate kit - £40.00.
Our BVI offshore companies limited by guarantee are formed with your specific objects. They might typically specify the kinds of activities and areas which the company is allowed to engage in. Starting from just £1,640, we offer a range of packages designed to suit the varying requirements of our customers. Our BVI formations typically take from five to seven days to effect, and include: our service charge, the government fee for incorporation, the first year's fees for a registered office address, registered agent, a nominee director and a nominee member are included in the price of this package. Upon formation of your BVI company limited by guarantee, we will courier all of the company documents directly to you.
THE FOLLOWING UPGRADES CAN BE ADDED TO OUR DELUXE PACKAGE:
1. Nominee secretary service for 12 months - £150.00. 2. Opening a bank account- £400.00. 3. Certificate of incumbency - £120.00. 4. Certificate of good standing - £100.00. 5. Certificate of tax exemption - £125.00. 6. A BVI domain name registration for two years - £120.00. 7. All documents notarised and apostilled - £125.00. 8. Corporate kit - £40.00.
Determination of the best business structure for tax purposes;
Formation of companies (we can advise upon and assist with establishing of a private or public companies limited by shares, companies limited by guarantee with or without of the charitable status, right to manage and property management companies, royalty, patent, holding and shipping companies, etc.);
Registration of overseas companies, joint venture entities and establish a branch in the BVI;
Provision of the registered office addresses service;
Provision of the nominee officers (nominee secretary, nominee director and nominee shareholder/member);
Registration of a company as the tax payer;
Tax agent or fiscal representative service;
Registering and licensing copyrights, trademarks, design rights and patents;
Offshore companies corporate management;
Bookkeeping and preparation of management accounts;
Preparation and filling of statutory accounts;
Registration as a money service business;
Re-registration of companies (re-registration of a private company as a public, and public as a private company);
Opening bank accounts (we work with several banks in the BVI and United Kingdom);
Voluntary striking-off, dissolution and restoration of companies to the register.
Our Experience in BVI Business Incorporation
We can guarantee accurate, confidential, personalised, and reliable services at highly competitive prices; we are a customer-oriented company, we value our consumers and offer comprehensive services to every one of them. We are fully aware of our client's needs and desires and try to make the process of our teamwork as comfortable as possible.
We can incorporate a company within few days may help you with the opening of the corporate bank account operated by the BVI or UK banks. This is exactly what you will get if you choose to incorporate with Coddan. We are the real company, not a dot.co.uk or a bargain-basement internet company, our knowledgebase and practical with thousands of registered companies and partnerships has shown us that many new business owners want the fastest and easiest route to get their new business started.
As you endeavour to manage the growth and overall success of your business, you will want to have a team of adviser with the focus on providing advice from start-ups to mature business issues to clients throughout the region. Coddan provides clients with continuing business advisory services and has specialists who understand the pressures facing small businesses. Experienced business consultants ensure clients get practical and adventitious advice.
Coddan' team supplies a wide variety of hands on business help that is personalised to your requirements and extremely useful. Our services are earmarked to meet the needs of UK and overseas business entrepreneurs, with a solid reputation in delivering bespoke solutions to small and medium-size businesses there is no better team of advisers to have on your side.
Our organisation specialises in the intricate field of private and public company's formation, incorporation of business structures and their management in Europe and eighteen offshore countries. Furthermore, our consultants are competent to advice how to select the best type of business for incorporation, and register your general trading, subsidiary or holding company. We may assist to register a right to manage, flat property management, intellectual property management, ship management, or charitable companies. Our local lawyers and accountants are the best in their field, carefully selected for their professional ability, reliability, and integrity. Therefore, there is no need for you to spend hour after hour mastering the main regulating law, scaling bulk of paperwork or trying to recruit people that you can trust - we have already done that for you!
Coddan is a professional company which has been servicing the UK and international community with a diverse range of top quality of domestic and offshore corporate structures incorporation and management services for many years. We incorporate companies, partnerships, joint-venture entities, and foundations throughout the UK, Ireland, United States of America, and many offshore locations. We provide the first-rate business support services (corporate and private bank accounts, business and tax planning, reviewing and updating company' constitutional documents, preparation minutes of meetings and directors or/and shareholders resolutions, etc.).
We do not hide any fees from our consumers, because price transparency is essential to us. Our service' fees and business filings fees are provided to our customers upfront. Our online filing makes the ordering and incorporating processes easy and convenient, Coddan is an industry leader in online business incorporation and documents processing. With our passion for service and client success, we strive to make Coddan the preferred choice of the small business start-up and new business formation facilities market. We are able to offer a full range of business registration services to business starters or existent business owners; we can undertake most types of corporate management related work.
Call us and speak with one of our knowledgeable advisor. There is no cost or obligation, let us help you to start a new business. We will be pleased to discuss your plans, requirements and suggestions, and to help you understand how the incorporation process works.
Professionals answer our phone lines during business hours, not by an answering machine. We appreciate the value of your time and understand that the real person cannot be replaced by a contemporary technology. This is especially true when it comes to make an important business decision and where interaction and multiple views are essential. When you call to request an appointment with our advisors, the receptionist will ask you series of questions to qualify the appointment. We are continually enhancing our services to better assist our clients and meet their needs.
Initial contact and dialogue may be by e-mail. At some point in the dialog, it may be decided that telephone or office consultation will be beneficial. To apply for a consultation, please complete an online questionnaire below, we will then arrange a private consultation with one of our consultants. An initial consultation with a private consultant costs between £45.00 and £100.00, please note that our senior advisors charge £150.00 per hour. If an applicant subsequently joins the tailor-made premier service, the cost of the consultation is included in the price of the package. If you prefer not to complete our online questionnaire, you can submit your inquiry by e-mail to consultations@ukincorp.co.uk, with the subject: "Online Inquiry" or by post: Attn: Coddan CPM LTD, Corporate Division, 124 Baker Street, London, W1U 6TY, or by fax: + 44 (0) 207.681.3318. Upon receiving the information, you will be contacted by one of the business consultant to discuss your situation. Request a private consultation now:Click here to apply for a consultation (please use the form if you are serious about choosing an incorporation plan and being enrolled).
Starting a New Business in BVI: Online Company Limited by Guarantee Formation
Many small businesses choose to use the services of companies formation agents, like Coddan; to undertake all of necessary formalities on their behalf. Our aims to provide you with a professional, yet affordable, range of business support services to enable you to incorporate offshore and run your own successful business.
We offer one of the most customisable, cost-effective, and affordable company set-ups for small and medium size businesses. Unlike other companies who hide upfront costs, our fees are simple. We offer new company incorporation only for £1,185 - no hidden costs, memberships or other pricing strategies. In fact, we guarantee that our business registration and management service fees are the lowest that you may find.
Starting a new company limited by guarantee is not particularly complicated, although two legal documents, the articles of association and the memorandum of association (the company's constitution documents), will need to be prepared. Signed by a registered agent, who acts as an incorporator; and certified copies of these documents, and an application form to register a new company, must be submitted to the Registrar of Companies.
When forming your company we submit our general memorandum and articles of association (our standard version of the memorandum and articles of association is very widely drawn, and is suitable for most types of commercial business) to the BVI Companies Registrar. We can also register your company using your own memorandum and articles of association. You just need to complete our online order form, and then e-mail us the memorandum and articles of association that you want to register your company with.
Starting-Up Business in the BVI: We Can Make a Difference!
Coddan consultants are fluent in English, French, Italian and Russian, are culturally and professionally competent and possess years of experience within the business administration and formation of new business entities and organisations. We are continually enhancing our own products and services to better serve our clients. We offer services in all areas of start-up a business; our solutions are totally coordinated and aligned with all pieces involved in the business start-up and administration. This means refining and expanding the range of strategic communications capabilities, areas of expertise, proven methodologies and innovative tools and packages we offer.
Company Formation Service
Offshore jurisdictions are often associated with large corporations and millionaires, but are in fact extremely well suited for small and medium businesses and individuals. Offshore companies adhere to the laws and regulations of the country in which they are situated. Coddan can help you set up a BVI offshore company in a very cost effective yet efficient manner and help you fully understand the many nuances associated with each offshore jurisdiction. Our services are completely legal and include the creation of various types of offshore corporate and trust vehicles for reasons like international trading, intellectual property activities, securities and property holding and financial and estate planning through trusts. Our focus is to integrate and combine various estate planning processes into an estate plan with sensible asset protection components. When used in connection with an offshore trust, an offshore corporation can become a very effective international financial or estate planning structure. Coddan helps you set up all major offshore structures such as companies, trusts, foundations, bank accounts, giving you full freedom, security & confidentiality within the legal framework. We cater to the needs of both individual and professional clients all across the globe. We can help you with: -
BVI offshore company registration services
Guidance and support in the smooth functioning of the business structure
Maintenance of the incorporation
Special licensing applications
Specialist advisory on business & tax issues
Provision of company management & administration services
Preparation of corporate documentation, etc.
Provision of the registered address, agent and residing secretary
Provision of company management and administration services
Offshore BVI bank account introductions
Mail forwarding
Preparation of corporate documentation
General administration
We are agile in business formation, integrating and influencing offshore business entities with new or already present asset-protection structures in all major offshore jurisdictions. Coddan CPM LTD grants you privacy and security, and wishes you success in your new venture. A meeting with one of our consultants is all that's required to start your offshore incorporation process.
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With Coddan it is now possible to form a company limited by guarantee, register a limited partnership, file annual returns, file forms for appointing and resignation officers (both director and secretary) of an offshore company etc., without any paper and all within a few days! Coddan eliminates the need for paper, signatures, and all the usual administration and time that in the past made forming a company or filing an annual return a hassle.
We provide a fully comprehensive service from helping you understand how business is conducted in the British Virgin Islands, to a range of project management services, tax-planning, tax-optimisation and other relevant advice. Our team of certified accountants can help you with:-
Advice on restructuring and reorganisation, minimising tax relief on major expenditure;
Minimising of income and capital gains tax;
Reducing or defer your tax bills;
Profit extraction alternatives;
Share based incentives;
Dealing with cross-border tax issues;
We can help you measure different elements of your business.
We also advise for different types of corporate and business structures including limited partnerships (LP's), which are the fastest growing type of legal entities being incorporated in the BVI. At Coddan, we do not just tell you the legal requirements how to be registered as a LP: we provide complex solutions.
We offer free of charge and with no obligation consultation by appointment at our offices in London. This free introduction will not include specific financial planning advice or a statement of advice, but it will help you decide whether the services we offer are right for your needs. Please note, this free consultation does not include business or tax planning and accounting services. We provide services on a nationwide basis and we are happy to advise clients by post, phone, fax, and e-mail.
Do you want to incorporate a new limited company by guarantee using your own director(s), secretary and members? You have come to the right place, our formation packages are developed and tailored to the professional requirements of most businesses, and suit all business needs and budgets, but please feel free to contact us for specific requirements, or a more tailored quotes.
Our online order forms will allow us to register your company as quickly as possible. If you would like a personal face-to-face consultation and dedicated help with your company formation at an additional charge, call us on +44 (0) 207.935.5171, or 033 0808-0089. Once you reach the end of the form, you may choose whether you wish to purchase. One of our business consultants will contact you in order review the information you submitted and personally answer your questions. Once everything is confirmed, we will proceed to prepare your formation documents and file the corporate documents with the BVI Companies Registrar. Please choose an incorporation package: Click here to order a new BVI limited company by guarantee
A BVI Offshore Company: Companies Limited by Guarantee
A company limited by guarantee is normally registered for non-profit making functions. The company has no share capital. A company limited by guarantee has members, rather than shareholders, the members of the company guarantee (undertake) to contribute a predetermined sum to the liabilities of the company which becomes due in the event of the company being wound up. It cannot distribute its profits to its members, and is therefore eligible to apply for charitable status if necessary. Guarantee companies are useful for non-profit organisations that require corporate status. This means that its profits are not distributed to its members but are retained to be used for the purposes of the guarantee company.
Of course this does not mean that the BVI guarantee company cannot make a profit, as indeed it is almost paramount that it can and does so. These companies are normally used for non profit making or charitable causes, the memorandum and articles of association state the general objects of the company, prohibit the payment of dividends to members and if the company is wound up all assets must be transferred to another organisation with similar objects or to a charity.
Under the Companies Act, a company limited by guarantee must have a minimum of two members; the Memorandum of Association contains a statement of the amount up to which the members guarantee the company's debts. The Articles can provide for the members to have differing 'shares' of the assets and liabilities.
The Company Limited by Guarantee has certain advantages, including that there is no list of members on the annual return, and that control over assets can be achieved without the use of shares; in some jurisdictions, profits realised from such companies are classified as capital gains rather than as income. Specialist advice is required by anyone considering the use of a company limited by guarantee.
The BVI Companies Act (Cap. 285) provides for the establishment of domestic companies limited by guarantee. Such companies have no authorised share capital and no shareholders. A domestic company can apply to the BVI Companies Registry for status as a 'non-resident company' and thereby secure exempt status from BVI corporation tax on income not sourced in or remitted to the BVI.
We have many readymade companies (off-the-shelf companies for sale), which are ready to trade, and can be transferred to you within hours. Click here for our Guarantee Company Registration costs and full details of our packages for BVI non-profit companies or call us for free no obligation advice: 033 0808-0089 or +44 (0) 207.935.5171, fax: +44 20 7681 3318. We provide services for legal professionals, accounting professionals and businesses worldwide. We may help you to incorporate a company limited by guarantee in England, Scotland, Hong Kong, BVI and Cyprus. You can order by phone or online using our intuitive order forms. Our service is fast and reliable. Compare prices of various forms of companies: I Want to Check Your BVI Packages & Costs | Set-Up a Non Profit Organization in Hong Kong
We prepare and electronically submit new BVI guarantee company registrations (formations) as soon as we receive your instructions. Incorporations can be completed within 5 working days. Our charge for incorporating a company limited by guarantee is £1185.00. This is slightly higher than for ordinary companies limited by shares as there are specific details that must be included in the Memorandum and Articles of Association. We will contact you having received your order to ascertain further details that we require in order to prepare the appropriate governing documents. Please contact us by E-Mai or telephone on Call FREE 033 0808-0089 or +44 (0) 207.935.5171, fax: +44 20 7681 3318 to discuss your requirements in more detail if necessary.
A company limited by guarantee is a registered company having the liability of its members limited by the memorandum to such amounts as the members may respectively undertake to contribute to the assets of the company in the event of its being wound up. Such companies are widely used for schools, professional and trade associations, clubs and management companies for blocks of flats (check our special property management package.) You may use this form to register a new BVI company limited by guarantee: Click here if you want to form a BVI guarantee company online - £1,185
Incorporation of a Corporate Vehicle for a Charitable Use in the British Virgin Islands: Introduction
Under British Virgin Islands' law, there are four types of company which might be suitable for use as charitable vehicles. Very briefly, these are: an international business company. A company limited by guarantee and not having a share capital or shares. A company limited by guarantee but having a share capital. A company limited by guarantee, not having a share capital but having shares. A brief outline of the major advantages and disadvantages of each of the various alternative company structures is as follows:
A BVI International Business Company ("IBC")
The company would be incorporated under the International Business Companies Act, Cap. 291 ("IBCA"). The company would be a company with limited liability. An IBC's shares are to be fully paid on issue (although the shares may be issued for a promissory note or other written debt obligation) with the result that members have statutory limited liability. Where shares have been issued for a note or written debt obligation, members remain liable for amounts outstanding or unpaid on the note or obligation until settled.
IBCs may be incorporated for any objects or purposes not prohibited under the IBC Act or under any other law for the time being in force in the British Virgin Islands. Accordingly, it would be possible for the company's objects to be confined to specified (or general) charitable purposes.
IBCs are not subject to any tax in the British Virgin Islands. They are, however, required to pay an annual government licence fee (currently US$300.00 if the authorised capital of the company does not exceed US$50,000.00; US$1,000.00 if the authorised capital exceeds US$50,000.00; and in the case of an IBC with an authorised capital not in excess of US$50,000.00 and with some or all of its shares having no par value, or one with no authorised capital, the fee is currently US$350.00).
The shareholders of a BVI IBC are not subject to income tax, state, succession, inheritance, gift tax with respect to shares or other securities in the IBC provided that they are not resident in the British Virgin Islands. If the company is to be incorporated purely for charitable purposes and individual shareholders are not to be permitted to benefit, the IBC's articles would need to eliminate, for example, the shareholders' rights to receive dividends and their entitlements on the company's dissolution. An IBC must maintain a registered office in the British Virgin Islands and must have a registered agent in the British Virgin Islands.
No public record is maintained as to the identity of the shareholders or the directors of an IBC, unless the IBC chooses to file these registers. An IBC may have a single shareholder and single director. These may be corporate and non-resident. Shareholders and directors may pass resolutions by way of a written consent without the necessity of attending a meeting (unless otherwise provided by the articles). There are no requirements for an annual general meeting of shareholders. An IBC may purchase and own its own shares.
Trusts, partnerships and unincorporated associations as well as individuals are all entitled to hold shares in an IBC. The International Business Companies Ordinance provides that the word "Limited", "Corporation", "Incorporated', "Sociétè Anonyme" or "Sociedad Anonima" or the abbreviation "Ltd.", "Corp.", "Inc." or "S.A." must be part of the name of every company incorporated under the Ordinance, but that an IBC may use and be legally designated by either the full or the abbreviated form.
General Comments
Companies incorporated under the International Business Companies Act are exempt from all taxes in the British Virgin Islands. All dividends, interests, royalties, compensations and other payments made by an International Business Company to persons who are not resident in the British Virgin Islands are exempt from tax levied by the British Virgin Islands Income Tax Ordinance (Cap 189). There is no stamp duty on the transfer of any documents, including share transfers; there is no withholding tax, capital gains tax, capital transfer tax, estate duty, inheritance tax or succession tax payable on the death of a member of an International Business Company who is not resident in the British Virgin Islands.
Although it is possible to utilise the International Business Companies Act to form IBCs as charitable companies limited by shares, this course of action does require some complex and rather artificial modifications to the usual corporate structure and administrative provisions of such IBCs. For this reason, IBCs are not usually recommended as charitable vehicles unless there is an overriding reason to do so (for example, if it is necessary for the vehicle to have only one member, which is something which is not permitted under the Companies Act).
Company Limited by Guarantee with No Share Capital and No Shares
A company limited by guarantee would need to be incorporated under the Companies Act (Cap. 285) since such a company may not be incorporated under the International Business Companies Act. Again, to be recognised as a charity under British Virgin Islands law, its objects would need to be exclusively charitable under the Territory's laws.
The company would be obliged to have a registered office in the British Virgin Islands to which communications and notices may be addressed. Details of the registered office must be notified to the Registrar and the company must affix its name conspicuously on the outside of such registered office. The company would be obliged to hold a general meeting at least once a year. The company would be a public company and would have to be incorporated with at least five members.
Since the company would have no share capital and no shares, the persons who held "interests" in the company would not be "shareholders" but they would instead be "members". The company's articles would have to state the number of members with which the company proposed to be registered and the company would be obliged to serve notice of any increase to the Registrar.
Members would be able to have equal voting powers. Members would be able to resign their membership or transfer the same. In the event that the company is wound up, the members' liability would be limited to the amount guaranteed by them. As a matter of British Virgin Islands law, this liability remains for one year after their ceasing to be members of the company. The company would not have to file an annual return and accordingly, the names of the members would not be a matter of public record. The company would be obliged to keep a register of members at its registered office, which would be open to inspection gratis, by any member upon request and by any other person upon payment of the sum of US$0.24.
The company would have to maintain a register of directors and would be obliged to file the same with the Registrar of Companies and notify the Registrar of any changes to it. The company would not be obliged to file any audited accounts with the Registrar of Companies. As in the case of an IBC, if the company is to be a charity, its articles would need to be structured in such away as to ensure that its shareholders receive no dividends and are not entitled to any benefits, for example, on a winding up.
Company Limited by Guarantee Having a Share Capital
The company would be incorporated under the Companies Act (Cap. 285) since it may not be incorporated under the International Business Companies Act. To be regarded as a charity under British Virgin Islands law, its objects would need to be exclusively charitable. The company would be obliged to have a registered office in the British Virgin Islands to which communications and notices may be addressed. Details of the registered office must be notified to the Registrar and the name of the company must affix its name conspicuously on the outside of such registered office.
The company would be obliged to hold a general meeting at least once a year. In the event that the company is wound up, members' liability would be limited to the amount guaranteed by them and any amounts owing on their shares. As a matter of British Virgin Islands law, this liability remains for one year after their ceasing to be members of the company. The company would be obliged to state the amount of its share capital in its articles and the company would be obliged to serve notice of any increase to the Registrar.
The company would have to file an annual return listing its present members and those who have ceased to be so within the past year. The names of the members would therefore, be a matter of public record. The company would be obliged to keep a register of members at its registered office, which would be open to inspection gratis, by any member upon request and by any other person upon payment of the sum of US$0.24. Provided that it was not constituted as a public company, the company would not be obliged to file audited accounts with the Registrar of Companies.
Again, if the company is to be a charity, its articles would need to be structured in such a way as to ensure that its shareholders receive no dividends and are not entitled to any benefits, for example, on a winding up.
Company Limited by Guarantee Having No Share Capital but With Shares
This is similar to the form of guarantee company that was permitted in the UK prior to the 1900 UK Companies Act. Members' liability here is limited to the amount of their guarantee, the shares merely providing a method of determining relevant members' interests within the company. The company would be incorporated under the Companies Act (Cap. 285) since it may not be incorporated under the International Business Companies Act. To be regarded as a charity its objects would need to be exclusively charitable as a matter of British Virgin Islands law.
The company would be obliged to have a registered office in the British Virgin Islands to which communications and notices may be addressed. Details of the registered office must be notified to the Registrar and the name of the company must affix its name conspicuously on the outside of such registered office.
The company would be obliged to hold a general meeting at least once a year. In the event that the company was wound up, members' liability would be limited to the amount guaranteed by them. As a matter of British Virgin Islands law, this liability remains for one year after their ceasing to be members of the company.
The company would not have to file an annual return and accordingly, the names of the members would not be a matter of public record. The company's articles would have to state the number of members with which the company proposed to be registered and the company would be obliged to serve notice of any increase to the Registrar.
The company would be obliged to keep a register of members at its registered office, which would be open to inspection gratis, by any member upon request and by any other person upon payment of the sum of US$0.24. The company would have to maintain a register of directors and would be obliged to file the same with the Registrar of Companies and notify him of any changes to it. If the company was constituted as a private company, it would be required to have a minimum of two members at all times. The company would not be required to file any audited accounts with the Registrar of Companies. If the company is to be a charity, its articles would need to be structured in such a way as to ensure that its shareholders receive no dividends and are not entitled to any benefits, for example, on a winding up.
General Comments
With respect to companies incorporated under the Companies Act (C-E above), please note that:
The Companies Act specifically allows that if an association to be formed as a limited company is to be formed for promoting commerce, art, science, religion, charity or any other useful object, and intends to apply its profits, if any, other income in promoting its objects, and to prohibit the payment of any dividend to its members, the Registrar may allow registration of the company without the word "Limited" as part of its name; and
Companies Act companies are subject to income tax in the British Virgin Islands. If the company is deemed to be "resident" in the British Virgin Islands (which depends on from where the company is managed and controlled), it will pay income tax at 15% on its worldwide income. A company which is deemed non-resident is only liable to tax at 15% upon the profits arising or received in the British Virgin Islands. If a company is resident, but is an "offshore trading company", meaning that 90% of its profits arise from business carried on exclusively outside the British Virgin Islands, it is only liable to pay income tax at the rate of 1%. However, companies which are charities are generally exempt from income tax (other than that on any income from any trade or business carried on by the charity).
If you would like further information on British Virgin Islands Trust or Charity law or details of how Coddan can help you with your trust enquiries, please contact us.
Live Help
You can chat with one of our advisors right now. Just click on the image to the left to start chatting. Live Help is a real time chat feature which enables you to interact with our customer service representative without a phone call. Get answers to your questions while using our web-site. Clicking the "Live Help" button will start an online session with one of our representatives. Live Help is currently available during normal business hours. Outside of the indicated below opening hours, our Live Help centre will be closed, when you click on the chat button, you will see an e-mail form that allows you to send us an e-mail request with your questions. Our Live Help is free, there are no hidden fees.
Our hours of operation are posted on the contact page at all times. Telephone and Live Chat assistance is only available during business hours.
Opening Hours:
Monday - Friday: 9:30 a.m. to 18:00 p.m. Saturday: offices are closed Sunday: offices are closed Holidays: offices are closed on all recognised UK holidays.
Dear customers, ladies and gentlemen, while having a chat session with our visitors, we are frequently requested to give an advice on tax planning or business structuring, and we would like to inform you that it is against our principles to provide an online free advice pertaining to these issues.
The points and tips that can be covered during a chat session include: our packages, services description and charges, legal requirements to start-up a business offshore, bank account arrangements, trademark registration, post incorporation services, notaries, consulate or apostille legalisation and other authentication services, documentation preparation and filing, mail forwarding overseas, telephone, fax and virtual office facilities, bookkeeping and accounting services, offshore incorporation service, ways to place an order, methods of payment etc.
If you wish us to provide you an advice or recommendations on tax savings and tax minimisation, or corporate business structuring methods, you should be aware that this service has chargeable elements.
Money and Payment Policy
Coddan accepts all major currencies; we accept Visa, Visa Electron, Visa Purchasing, JCB, MasterCard, Maestro, Solo, and Delta, we also accept cheques (may be held 10 days to clear), postal orders or cash deposit, and bank transfers from anywhere to our UK and USA bank accounts. After you place an order, details about the banking transfer will be e-mailed to you on the second e-mail notification. If you missed that e-mail, please call our phone number that is given on the order confirmation. The customer is responsible for the reimbursement of any bank wire transfer payments.
Our credit card payment processing is by WorldPay - an important part of The Royal Bank of Scotland Group, the 5th biggest banking group in the world. We do not charge surcharges for the debit and credit card transactions. Credit or debit card payment is now authorised online in real time. You will be informed immediately if your credit or debit card is declined. If declined, you may check the accuracy of the card number and expiration date, or choose a different card to try.
We need to receive a payment before we can proceed with a new company formation. For regular or corporate clients, we can open a professional credit account. However, this benefit cannot be provided to a new customer, who never placed orders with us.
If you do not feel comfortable transmitting your credit card details on the Internet, we suggest you place an order online, choose the option "Credit Card via the Phone" as the payment method, and then phone in to give us your credit card number over the phone. We will charge your credit card manually. We can also accept credit or debit card payments by fax, to do so, we will e-mail you a credit or debit card authorisation form, and you will need to print out the form, complete the details by hand and send it to us by fax to: + 44 (0) 207.681.3318.
Check Your Order Status
£ 1,185
This is one of our most popular packages with worldwide customers, and includes: -
The formation of a BVI company limited by guarantee usually takes as little as five to seven working days from the time that your application and payment are received by Coddan;
The provision of a nominee director for one year is also included in the price of this package (our nominee director service is charged annually);
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