Company formation in the Cook Islands can be a complex and time-consuming process. However, with the help of a professional service provider, the process can be streamlined and made much simpler. Set up an offshore company in the Cook Islands!! We are just a phone call away from you. BVI companies are exempt from taxation on profits arising in or derived from the BVI. BVI companies are not subject to any exchange control restrictions. BVI companies are formed under the B VI Business Companies Act 2004.