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BRITISH VIRGIN ISLANDS

B.V.I (BRITISH VIRGIN ISLANDS) OFFSHORE COMPANY

B.V.I. Companies are suitable for:

  • Businessmen
  • E-commerce
  • Consultants / Counsellors
  • International business
  • Holding intellectual property rights
  • Custody vehicle of movable and immovable property
  • Estate planning
  • Wealth management

B.V.I. Companies quick facts:

Company type Business Company (BC))/Limited by shares
Governing corporate legislation The BVI Financial Service Commission is the governing authority and companies are regulated under the Business Companies Act 2004
Information relating to company officers There is no public register of company officers. No name is disclosed upon incorporation.
Confidentiality B.V.I. offers a high level of anonymity and privacy
Accounting requirement No accounting / reporting requirements for companies with assets under 250 000 USD. If the company has assets below the threshold there is a requirement to provide an address where business records are kept. Business records mean copies of receipts, invoices, bank statements etc. The address can be the registered office address or any other address provided by the client.
Taxation No taxes of any sort
Currency US$
Timeframe B.V.I. has a fast and efficient Registry :it takes about 48h to register a company
Stability Stable jurisdiction with very good reputation
Time Zone GMT-4
Secretary required No
Paid up capital requirement No paid up capital requirement
Basis of legal System Common Law
Stability Stable jurisdiction with very good reputation
Minimum shareholders / directors Minimum of 1 Directors and 1 Shareholder.
Bearer shares Not permitted.
Fees
  Fee (USD/EUR) Renewal Fee (USD/EUR)

B.V.I Offshore Company, basic company formation incl. registered office, first year's government fees, agent fees.

1,995.00
1,689.82

1,495.00
1,266.31

Nominee Director

695.00
588.68

695.00
588.68

Nominee Shareholder

595.00
503.98

595.00
503.98

Apostilled & notarized power of attorney (only if you have ordered a nominee director)

265.00
224.46

-

Set of certified copies of company documents (by notary public with apostille)

395.00
334.58

-

Bank account opening through correspondence with a well established bank in the Caribbean. Accounts in all major currencies, no name debit cards in USD/EUR/GBP, payroll cards, corporate credit cards and Internet banking. The bank also offers investments in Gold/Silver, Stocks, Forex, Futures. Min. deposit 500 USD.

995.00
842.79

-

Bank account opening through correspondence with a well established bank in Belize. Accounts in all major currencies, corporate credit cards, no name debit cards and internet banking. Min. deposit 5000 USD.

995.00
842.79

-

Courier Delivery MANDATORY

110.00
93.17

-

Required documents: Notarized passport copy, utility bill in original. A bank reference letter or other professional reference letter. None of the documentation can be older than 3 months.

CAUTION: Many others list low fees that do not include what is necessary, our fees are Complete.

About British Virgin Islands (BVI)

British Virgin Islands (BVI) is one of the oldest, biggest and most respected offshore centres in the world and many other offshore jurisdictions have based their structures on the ones of BVI.

BVI IBC (International Business Company)

The British Virgin Islands have 450 000 IBCs registered under the International Business Companies Act No. 8 of 1984. The number is constantly increasing.

The BVI IBC is a great tool to transact international activities from a secure, professional and tax-exempt environment. The BVI provides a very sophisticated infrastructure and has a competitive advantage over many offshore jurisdictions. Although today we would in most cases suggest Belize, Seychelles, Panama and UAE (Ras Al Khaimah) as better alternatives. This is because the British Virgin Islands is a British Territory and the British government is currently pressuring territories like the BVI to give up or at least ease their privacy and bank secrecy laws. Belize, Seychelles, Panama and UAE (Ras Al Khaimah) are independent and are now taking the place as some of the most important offshore centres in the world. But for some individuals BVI companies may still be preferred.