Corporate Characteristics Naming the IBC Name Restrictions Company Records and Statements Classes of Shares Bearer Shares Share Capital Meetings Reporting Requirements Taxation Business with BVI Residents

Authorised and Issued Share Capital

BVI IBC share capital may be expressed in any currency, and other considerations other than cash. Normal authorised share capital is US$50,000, with all shares having par value of $1. Minimum issued capital is one share to establish ownership. The phrase "US$50,000 authorised share capital" simply indicates the total value of shares which the company is permitted to issue; the only capital which is paid in to the company would be for shares actually issued.