Top reasons to open a blockchain game company - NFT game in BVI (2025)

Standing out among modern technology, blockchain technology creates a breakthrough difference and attracts many businesses around the world to take full advantage of this technological achievement.

Following the development of blockchain, Non-fungible tokens (NFTs) are one of the latest advancements in blockchain. In fact, NFT is considered a world fever after Bitcoin.

Currently, NFT has had a significant impact on many different fields, most notably the video game industry worldwide. Many blockchain game companies - NFT games have taken advantage of the potential of NFT to develop new directions, to expand the market, find more players, and attract more investors.

So how can a blockchain game - NFT game business achieve the above goal? What will opening an offshore company in BVI contribute to the success of a blockchain - NFT game design and development business? Let's GLA Answer the above questions of the Enterprise with the content below!

1. Overview of Non-fungible tokens

1. Overview of Non-fungible tokens

Non-fungible token (NFT) is a type of virtual item (token) authenticated (also known as encrypted) using blockchain technology, with the digital signature of the owner - also known as the NFT code string.

Although they have no tangible value, NFT tokens possess the same properties as Bitcoin, such as being stored on the blockchain, being indestructible, and being uncopyable. Therefore, each NFT created is unique, representing a unique digital asset, and cannot be replaced by another NFT. Specifically:

1.2 Similarities and differences between NFT and Cryptocurrency?

2. NFT development trends in the present and near future

Similar to blockchain technology, NFT has become a new trend as this technological achievement has supported many individuals/businesses to quickly transform digitally and trade digital assets. According to Mr. Arry Yu, Chairman of the Cascadia Blockchain Council of the Washington Technology Industry Association: “NFT is essentially a factor that creates digital scarcity. This is in stark contrast to most digital creations, which almost always have an infinite supply.”

Realizing this, many game developers have developed blockchain games - NFT games that allow players to create digital scarcity, and thereby support them to become individual entrepreneurs when trading in-game items.

The success and popularity of blockchain games - NFT games have become one of the typical case studies for the development of the NFT trend, proving the rise of blockchain games in the video game industry worldwide.

So to further develop, optimize business operations, easily call for capital and attract more foreign investors, what should blockchain game design and development companies do?

→ The solution to this question is that blockchain gaming businesses should open an offshore company in BVI.

3. Reasons to open a blockchain game company - NFT game in BVI

3.1 Tax optimization with offshore companies in BVI

• One of the outstanding advantages of companies in BVI is: BVI companies are 100% tax exemptThis tax exemption applies to all types of income such as dividends, interest, rent, royalties, etc. and other payments by the company.
• Another outstanding advantage when establishing a company in BVI is: When a business conducts any transaction of exchange/transfer of any type of asset related to shares, debts, etc., it is exempt from stamp duty., except for transactions involving the ownership of land in the BVI.

3.2 Easy access to international investment capital with offshore companies in BVI

When forming a company in the BVI, a blockchain gaming business will not be required to conduct business in the BVI territory. The BVI corporate structure is flexible and allows for incorporation, merger of BVI companies, or merger of a BVI company and a foreign company. As a result, Opening a Holding company in BVI to invest back into subsidiaries in other countries is considered a more effective business strategy than ever..

Once the company is established in BVI, Initial Public Offering (IPO) procedures will become MORE FASTER - FASTER. Because many international businesses have used BVI companies as a representative to appear in the international capital market. The shares of BVI companies are also listed on international stock exchanges such as the Hong Kong Stock Exchange, the London Stock Exchange and the New York Stock Exchange.

In addition, with its developed foreign policy, BVI:

• not only signed TIEAs (Tax information exchange agreements) with more than 17 countries (UK, France, Germany, Italy, Spain, etc.);
• but also has close ties to both the UK and the US, as the BVI uses the US dollar as its main currency and is also a member of the British Commonwealth.

3.3 Absolute information security with offshore companies in BVI

High level of confidentiality is one of the outstanding advantages when international businesses open a company in BVI. When establishing an offshore company in BVI, businesses do not need to disclose information about company directors/shareholders or stock information to the public.

In addition, with the aim of protecting personal assets from complicated laws, many companies around the world have turned to BVI as a solution to establish a company to protect important assets of the business (game development ideas, intellectual property rights, etc.).

3.4 Easy to establish and maintain effective business operations of an offshore company in BVI

Unlike Companies incorporated in Singapore, Hong Kong, Mỹ, etc., offshore companies in BVI have become a more suitable solution than ever for business owners who want to operate and manage their own companies, thanks to regulations and policies including:

• Only 01 director and 01 shareholder are required when opening an offshore company in BVI.
• No need for company secretary to open a company
• The company director can be a foreigner and can own 100% of the company's shares.
• Annual meetings of directors and shareholders are not required (telephone meetings are permitted)
• No annual financial reporting required (BVI corporate record keeping requirements are fairly straightforward and there are no restrictions on where company records are kept)

4. How can GLA support blockchain gaming businesses?

As a consulting unit with experience in supporting many businesses to conveniently open offshore companies in BVI and many countries around the world (Singapore, USA, Hong Kong, etc.), GLA can bring significant benefits when accompanying businesses:

• Support for establishing offshore companies in BVI: With a team of consultants with high expertise and experience in supporting many companies from many different fields, GLA will advise on offshore company opening solutions suitable for the company's business problems, including:
  • What type of company is suitable for business owners (foreigners)?
  • What are the steps in the process of opening a company and submitting the company's records and documents to the government?
  • What should be noted when opening an offshore company in BVI? (company name, BVI company maintenance requirements, etc.)
• Comparative analysis should establish blockchain gaming company in BVI or not founded blockchain gaming company in Singapore to suit the problem and development direction of the business.
• Support for opening corporate bank accounts for offshore companies in BVI: Opening a bank account for a business abroad has never been easy, especially for businesses developing games, technology, especially blockchain technology. In order to support businesses in convenient transactions and long-term operations, GLA not only prepares documents and information for interviews with bank staff, but also diversifies consulting methods to support businesses in successfully opening payment accounts.
• Support businesses to maintain offshore company operations in BVI EFFECTIVELY - REASONABLY - LEGALLY: Before Changes in corporate governance policy in the BVI, to support Offshore businesses in Belize to maintain effective business operations, GLA will:
  • Consulting support to help Enterprises determine the business activities of Offshore companies.
  • Propose solutions such as supplementing business documents/papers sent to the BVI government to support businesses in fully fulfilling the requirements under the Economic Substance Law in the BVI.
  • Support to increase work processing speed with streamlined technology - digital solutions such as: SignNow electronic signature, etc.
• Tax consulting and business model optimization guide with offshore company in BVI: Establishing a company in which country depends largely on the business orientation and development orientation of each blockchain game company. Understanding this issue of businesses, GLA - with experience supporting many businesses in the field of games - software - app development to establish companies abroad and do business effectively - will support:
  • Consulting on optimizing business models between foreign companies of enterprises to optimize with the business problems of enterprises.
  • Consulting on accounting - finance - digitalization solutions to help businesses save management costs but still achieve high operational efficiency.

5. Frequently asked questions when opening a blockchain gaming company in BVI

Highlights

• Opening an offshore company to do business in the fields of blockchain, Bitcoin, NFT, especially AI application is a strong development trend in the future.
• BVI is an ideal choice for setting up a blockchain game company - NFT game thanks to 100% tax incentives, easy access to international investment capital and high level of information security.
• Opening an offshore company in BVI helps optimize costs, attract investment and legalize blockchain gaming business.
• GLA supports businesses to open blockchain companies combining AI legally, accurately, and quickly, from legal advice to opening bank accounts.