Register a company in the British Virgin Islands
Register a company in the British Virgin Islands in 2-3 days with tax advantages, strong privacy laws, and dedicated support for easy setup.
Benefits
Register a Company in the British Virign Islands
Quick and straightforward incorporation process.
Simple annual maintenance requirements.
Modern corporate legislation offering a flexible structure.
Complete tax exemption for income earned outside of BVI.
No public records of company directors and shareholders.
No accounting or auditing requirements.
USD as the official currency.
One of the most sought-after offshore financial centers.
BVI Company Formation Packages
Basic
US$1500Annual Renewal USD 1350
- • Unlimited Name Availability Check: Ensure your chosen company name is unique and available.
- • Document Preparation and Filing: All necessary documentation is prepared and submitted on your behalf.
- • Expedited Incorporation Process: Company incorporation completed efficiently.
- • One Year of Secretarial Services: Comprehensive company secretarial support for one year.
- • One Year Registered Agent and Address: Provision of a local registered agent and address for one year.
- • All Government Fees Included for One Year: Covers all government-related fees for the first year.
- • Digital Corporate Documents: Receive all essential corporate documents in digital format.
This package provides all the necessary services for a foreigner to register a company in the British Virgin Islands from start to finish.
Standard
US$1650Annual Renewal USD 1350
- • Everything in the Basic Package: Includes comprehensive services for setting up a BVI Business Company (BC).
- • Bank Account Opening: Assistance with opening a bank account.
- • One-Time Application Fee: Covers the application fee for one bank account.
- • Bank Account Introduction: Introduction service to any bank on the supported list.
- • Certificate of Incumbency: Provided if required.
Premium
US$1750Annual Renewal USD 1350
- • Everything in the Standard Package: Includes all the comprehensive services provided in the standard package.
- • Premium Banking Support: Enhanced support for bank account services.
- • One-Time Application Fee: Covers the application fee for up to 5 banks or until the account is successfully opened, whichever comes first.
- • Consulting on Alternatives: Expert advice on suitable alternatives if the initial application is not approved.
- • Remote Bank Account Opening: Facilitates opening a bank account remotely.
- • Fast Response: Prompt assistance available even on weekends.
- • Frequent Updates: Regular updates on the bank account opening process to keep you informed.
Offshore Company Incorporation Process
KYC Documents Checklist
KYC documents are essential to verify the identity of individuals and corporations looking to register a company in the British Virgin Islands. Below, you’ll find a list of the required documents.
The following proofs are required for all company members including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact persons.
- A certified true copy (scanned version) of the passport (valid for at least 6 months)
- A certified true copy (scanned version) of driver's license or national ID
- Bank reference letter & professional reference letter (minimum 3-year relationship), must be dated within the last 6 months and include the contact details of the issuer
- A Curriculum Vitae (C.V.), resumé, or LinkedIn profile
To establish the identity of a corporation or entity, it is necessary to provide company documents and proof of identity for its members.
Register a Company in the British Virigin Islands With OVZA
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Highly Responsive Representatives
Frequently Asked Questions
How do I register a company in the British Virgin Islands (BVI)?
To register an offshore company in the British Virgin Islands (BVI), you must choose a unique company name, appoint at least one director and one shareholder, and submit the required incorporation documents to the BVI Financial Services Commission (FSC). The incorporation process typically takes one to three business days. All BVI Business Companies (BCs) must have a registered agent and a registered office within the jurisdiction, as required by the BVI Business Companies Act.
What are the benefits of registering a company in The British Virgin Islands (BVI)?
BVI is one of the most reputable offshore jurisdictions, offering complete tax exemption for offshore companies, strong confidentiality laws, and flexible corporate structuring. BVI Business Companies benefit from no foreign exchange controls, no minimum capital requirements, and no mandatory financial reporting obligations. The jurisdiction is widely used for international trade, asset protection, investment holding, and wealth management, with a robust legal system based on English common law. The BVI Financial Services Commission oversees the regulatory framework for offshore companies.
What types of offshore companies can I register in the British Virgin Islands?
The British Virgin Islands (BVI) offer several options for offshore company structures:
- BVI Business Company (BC): This is the most common structure, offering flexibility for various activities like international trade, investment holding, asset protection, and financial management.
- Limited Partnerships (LPs): These are suitable for specific investment ventures and partnerships.
- Segregated Portfolio Companies (SPCs): These are designed for holding diverse assets and managing risk by separating them into distinct portfolios
What documents are required to register a company in The British Virgin Islands(BVI) ?
To register a Business Company (BC) in the BVI, you must provide a passport copy for each director and shareholder, proof of address such as a utility bill or bank statement, the company name and business structure details, and the Memorandum and Articles of Association. A licensed registered agent must handle the incorporation, as required by the BVI Financial Services Commission.
Do I have to pay taxes if I register a company in the British Virgin Islands?
No, if you register a company in the British Virgin Islands as a BVI Business Company, you will be fully exempt from all local taxes. This includes:
- Corporate income tax
- Capital gains tax
- Withholding tax on dividends, interest, and royalties
This tax-free status is protected under the BVI Business Companies Act. However, it’s crucial to remember that you must still comply with the tax laws of your home country or any other country where you conduct business.
Are bearer shares permitted if I register a company in the British Virgin Islands?
No, bearer shares are not permitted when you register a company in the British Virgin Islands. All shares must be registered in the name of the shareholder. This rule is in place to comply with global anti-money laundering (AML) and financial transparency regulations under the BVI Financial Services Commission.
What is the renewal process for a company I register in the British Virgin Islands?
When you register a company in the British Virgin Islands, you must renew its registration annually. This involves:
- Paying the government renewal fee: The fee amount varies depending on the type of company.
- Maintaining a registered agent and office: BVI law requires all companies to have a registered agent and registered office address within the BVI
The renewal process is monitored by the BVI Financial Services Commission.
Does the BVI impose taxes on offshore companies?
No, BVI Business Companies are exempt from corporate tax, income tax, capital gains tax, and inheritance tax. This tax-neutral status is a key advantage of incorporating in the BVI. The country operates under a territorial tax system, meaning that only businesses operating within the jurisdiction are subject to taxation. The BVI International Tax Authority oversees tax compliance.
Are there foreign currency restrictions in the BVI?
No, there are no foreign currency restrictions in the BVI. Offshore companies can conduct transactions in any currency without limitations. The US dollar is the official currency, ensuring stability and ease of international business transactions. The financial system is regulated by the BVI Financial Services Commission.
What are the annual compliance requirements for a BVI Business Company?
BVI Business Companies must maintain a registered agent and office in the BVI, renew their registration annually, and keep internal financial records. They are not required to file annual financial statements or undergo audits unless engaging in regulated activities such as banking, insurance, or investment fund management. Compliance requirements are set by the BVI Business Companies Act.
Is there a requirement to file annual financial statements?
No, BVI offshore companies are not required to file annual financial statements or tax returns. However, they must maintain internal accounting records for potential regulatory review, particularly if they engage in financial services. The regulatory framework is overseen by the BVI Financial Services Commission.
Is it possible to open an offshore bank account for a BVI Business Company?
Yes, a BVI Business Company can open offshore bank accounts in major financial centers, including Switzerland, Singapore, Hong Kong, and the Caribbean. BVI is a well-regarded jurisdiction in the global financial sector, and many international banks accept BVI-registered entities. Banking institutions are regulated by the BVI Financial Services Commission.
What documents are required to open a bank account for a BVI offshore company?
Most banks require a Certificate of Incorporation, Memorandum and Articles of Association, a resolution appointing authorized signatories, passport copies of directors and shareholders, proof of address, and a business plan or nature of business statement. Banks also require compliance documents such as Know Your Customer (KYC) and anti-money laundering (AML) records, in accordance with regulations set by the BVI Financial Services Commission.
Can a BVI Business Company open a bank account remotely?
Yes, many offshore banks allow BVI Business Companies to open accounts remotely without requiring a physical visit. The process varies by bank but generally includes submitting notarized or apostilled documents, video verification, or an introduction from a corporate service provider. Some banks may also require a reference letter from an existing financial institution.
Offshore banking regulations are overseen by the BVI Financial Services Commission.
