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The British Virgin Islands (BVI) is a
British overseas territory, located in the Caribbean to the east of
Puerto Rico. The islands make up part of the Virgin Islands
archipelago. BVI consist of the main islands of Tortola, Virgin
Gorda, Anegada and Jost Van Dyke, along with over 50 other smaller
islands and cays. Around 15 of the islands are inhabited. The
largest island, Tortola, is approximately 20 km (~12 mi) long and 5
km (~3 mi) wide. The islands have a total population of about
22,000. Road Town, the capital, is situated on Tortola.One of the
leading elements of the economy is offshore banking and offshore
company formation.
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BVI Offshore
Company Formation - Requirements
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DIRECTOR:
Minimum of one Director. Corporations are permitted. |
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If the company has one
Director, the reserve Director is required. |
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SECRETARY:
A Secretary is not required. |
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SHAREHOLDER:
Minimum of one Shareholder. Corporations are permitted. |
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Shareholder(s)
and director(s) may be the same. |
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SHARES & CAPITAL:
The standard share capital is USD 50,000.00 divided into 50,000
shares of USD 1.00 each. Shares can be issued with or without par
value. Bearer shares are permitted, but now have to be deposited
with an authorised intermediary, who must record the identity of the
beneficial owner. |
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NAME OF THE COMPANY:
Must end with one of the following suffixes: Limited or Ltd.;
Corporation or Corp.; Incorporated or Inc.; Société Anonyme or S.A.;
Sociedad Anonima or S.A.; Besioten Vennootshcap or B.V.;
Gesellschaft mit beschrankter Haftung or GmbH; Naamloze Vennootschap
or NV. |
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Other Information
About BVI Offshore Companies
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Status of the company: BVI Business
Company (BBC). |
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Incorporation of the BVI company takes
48-72 hours |
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According to the BVI Companies Act of
2004, offshore companies are exempted from all taxes and stamp
duties. |
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There is no requirement for filing
annual returns or audited financial statements with the BVI
authorities. |
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The BVI incorporation documents do not
carry the name or identity of the shareholder(s) or director(s). As
such no names appear on the public record. |
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The object of the Company is to engage
in any act or activity that is not prohibited under any law. A
Company in the BVI is restricted from doing business with BVI
residents or BVI companies. |
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BVI Incorporation
Package Includes |
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Certificate of Incorporation, |
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Memorandum and Articles of Association, |
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Appointment of the First Director, |
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Registered Office service to December
following incorporation, |
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Registered Agent service to December
following incorporation, |
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First year Government fees, |
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Share certificates, |
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The complete corporate package is
delivered by express courier. |
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Incorporation Fees For Standard BVI
Company Formation |
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Government fee - USD 350.00 |
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Registered office - USD 300.00 |
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Registered agent - USD 300.00 |
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Incorporation fee - USD 300.00 |
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Total cost of incorporation - USD
1250.00 |
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Next year fees: USD 950.00 |
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