COMPANY STRUCTURE AND REGISTRATION PROCEDURES IN THE BVI
Why do you not recommend bearer shares?
Even if You choose to configure Your BVI Business Company with bearer shares, You will never see them! The law requires that all bearer shares are "immobilized", meaning that the Share Certificates must remain with a Licensed Custodian, together with a written indication as to the actual identity and address of the owner of such shares. Therefore, You actually lose the main advantage of bearer shares, namely the ability to quickly and anonymously transfer the ownership of the shares. The initial and annually recurring Government fees are much higher for companies having bearer shares. Finally, most banks in the world would refuse opening account for an offshore company with bearer-shares.