BVI Company Incorporation

The British Virgin Islands is considered one of the world’s leading offshore jurisdictions. It is one of the oldest and most respected offshore financial centres in the world. BVI is a British overseas territory located to the east of Puerto Rico, in the Caribbean.

The BVI corporate registry includes approximately 850.000 registered International Business Companies. BVI company law is, like most of the British Overseas Territories, based on the English common law, whilst considering equitable principles, local legislation and statutory law.

● Low setup cost and annual renewal fee

● BVI Company Registration can be done without visiting the island.

● Exemption from all local taxes and stamp duty.

● BVI company can be setup in 48 hours.

● Only 1 director and 1 shareholder are required and the director and shareholder can be the same person.

● You do not need to be resident in BVI to be a director or shareholder

● No annual accounting requirements

● There are no requirements for appointing auditors, filing financial statements and public or government reports.

● Distribution of benefits to members can be in the form of dividends, debts or assets.

The standard BVI company formation requires a minimum of one director and one shareholder. They do not need to reside in the BVI and they can be corporate entities. What makes this destination so popular is an individual director is not required.

You can also have a one-man company, meaning that the Director and Shareholder can be the same person.

Nominee Director and Shareholders are also permitted in a BVI company registration.

● Proof of Physical Address.

● A Professional Reference letter or a Bank Reference letter.

● Certified copy of an approved Government photo ID (passport preferred).

● Full name, address and contact details of legal or tax advisors (if any).