BVI Offshore Company Formation
BVI IBC Formation Experts
- Company Registration in 3 Days Maximum
- Fast, Easy Online Setup Process via Our Secured Systems
- 1 Year Dedicated Account Manager
- Lowest Market Price Guaranteed All Inclusive!
- Highly Sought-After Offshore Financial Hubs
- Complete Exemption from Taxes on Income Generated Outside of BVI
Why Setup a Company in British Virgin Islands (BVI) ?
British Virgin Islands (BVI) is one of the leaders, having the greatest number of offshore companies registered and being widely recognized as role-model for other offshore jurisdictions. To give a brief background of BVI, the British Overseas Territories are not part of the United Kingdom, but have a British monarch as head of state. Britain has 14 overseas territories, the Virgin Islands being one of them. They exercise their autonomy, but Britain is responsible for foreign relations and defense. Therefore, it is imperative to have a reliable BVI Offshore Company Formation partner armed with extensive knowledge of local and international law.
BVI offers an International Business Company (BC) opportunity and charges reasonable fees with a fast-track approval process which takes two to three days on average. Investors may form corporations with only one director and one shareholder of whom can be the same person and companies may fall under corporate ownership and shareholders. Moreover, this jurisdiction has an excellent reputation and the companies registered in the BVI are well regarded in the financial sector.
BVI Company Formation Package
BASIC
US$1599
- Set Up Fee
- Business Consultation
- Document Preparation
- Dedicated Account Manager
PLUS
US$2119
- Set Up Fee
- Company Rubber Stamp
- Company Seal
- Notaristic and Apostille on Documents
- Document Preparation
- Dedicated Account Manager
PREMIUM
US$2409
- Set Up Fee
- Company Rubber Stamp
- Company Seal
- Notaristic and Apostille on Documents
- International Courier
- Creation of Company Logos; Business Card; and Letterhead
- Documentation Preparation
- Dedicated Account Manager
Main Characteristics of a BVI Offshore Company
| Characteristic | Description |
|---|---|
| Company Type | Business Company (BC) |
| Governing corporate legislation | Governing Authority is BVI Financial Service and companies are regulated under the Business Companies Act 2004. |
| Information published relating to company officers | There is no public register of company officers. Accounting requirement |
| Accounting requirement | No accounting / reporting requirements. N.B. As per Section 98 of the Business Companies Act 2004 (Amended) to establish its financial situation and explain its transactions, a company must keep such records and underlying documentation as necessary |
| Taxation | No Taxes of any sort. Companies may not be responsible to pay taxes but are advised to consult with a tax/legal advisor in your country of residence, to determine your own tax liability. |
| Legislation | Modern offshore legislation. |
| Standard currency | US$ |
| Time to form | The BVI has a fast and efficient registry: it takes about 48 hours to register a company (upon validation of your identification documents). |
| Stability | Stable jurisdiction with a very good reputation. |
| Communication | Efficient communication means. |
| Time zone | Convenient world time zone: GMT-4 |
| Secretary required | No |
| Paid up capital requirement | No paid-up capital requirement. USD 50,000 is the standard share capital but can be modified to fit your requirements. |
| Renewal Date | Anniversary date of the company / Each Year |
| Basis of legal System | Under Common Law. |
| Minimum directors/shareholders | Minimum of 1 director/shareholder. |
| Bearer shares | Bearer shares are not permitted. |
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Scope of Services
| Services and Documents Provided (Company Formation Service Fee) | Status |
|---|---|
| Reserving your Company Name |  |
| Certificate of Incorporation (COI) | |
| Memorandum and Articles of Association | |
| Form of Appointment of First Director(s) | |
| First Director(s) Resolutions | |
| Letter(s) of Consent to Act as Director | |
| Letter(s) of Application for share(s) | |
| Letter(s) of Consent to Act as Secretary | |
| Share Certificate(s) Nos. 1 and 2 | |
| Original Register of Directors * | |
| Original Register of Members * | |
| Original Register of Secretaries * | |
| Completed Company Kit | |
| Company seal (Add on) | |
The person who wants to incorporate a new company in BVI must pay two types of Government fee. This fee depends on BVI government rules, and cannot be adjusted.
| Certificate of Incorporaion (Government Fee) | Status |
|---|---|
| Company is authorized to issue a maximum of 50,000 shares of US$1.00 each. | |
| Registered Agent and Registered Office fees for the first year | |
Note: Under the BVI Business Companies Act (Amendment) in 2016, any company that is authorised to issue more than 50,000 shares must pay a higher government fee and service charges. It will be 1,400 USD (instead of 800 USD).
BVI Offshore Company Registration is ideal for?
International Trading Companies
Investment Funds
E-commerce
Protection of Assets
Property Rights, Franchising and Licensing
Financial & Wealth Planning Activities
Professional Service Company
What are the required documents for the BVI Offshore Company Formation ?
- A certified copy of each director and shareholder’s notarized passport
- A certified copy of each director and shareholder’s notarized proof of domicile dated less than three months (must be in English)
- Proposed 3 company names with ending suffix “Limited”, “Corporation” or “Incorporated”.
- Last 3 months' bank statement. All in original.
- 50,000 shares or lower is the usual authorized
BVI Offshore Company Starting from $ 1599
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Frequently Asked Questions – BVI Offshore Company Formation
Offshore or non-resident companies are described as companies that conduct an insubstantial or zero volume of business within their jurisdiction of incorporation.
There are two primary purposes. One is tax minimization. The other is asset protection and confidentiality. Both reasons can be quite independent. Some offshore companies are not registered with any tax-reduction purpose in mind! More often, though, both of those reasons interlap and complement each other.
The name of an IBC in BVI should end with the suffixes such as Limited, Corporation, Incorporated, Société Anonyme, Sociedad Anónima or their relevant abbreviations.
Any name that is identical or similar to an existing company, or any name that suggests the patronage of the Royal Family or the Government of the British Virgin Islands, is restricted.
A BVI IBC is not required to pay any tax on all operations conducted outside the country.
BVI IBC is exempted from corporate tax or any form of BVI tax (income tax, business tax, withholding tax, asset tax, gift tax, capital gains tax, distributions tax, inheritance tax, estate duty) on assets or income generated from outside of BVI.
There is no minimum registered or paid-up capital for a BVI IBC. The usual authorized amount is US$50,000.
There are no requirements to file accounts or to have accounts audited. Public filing is limited to certificate of incorporation, memorandum and articles of association, registered office and name and address of registered agent.
A BVI IBC is allowed to have nominee directors and shareholders to give another layer of anonymity, the details of which are not part of public record. A BVI IBC is protected from any expropriation orders by any foreign governments. Additionally, any changes of directors or shareholders are not required by Registry.
Yes. Absolutely! The entire process to open a bank account for BVI offshore company can be done remotely.
Skwer Group have more than 25 years combined experience in offshore company formation, our global network of registered agent based in more than 20 major jurisdictions, allow us to offer our clients the best services at a very competitive price.
Each client receives a tailor-made service, aligned with the latest jurisdiction laws. In addition, we also provide related services such as bank account opening and accounting services.
