British Virgin Islands (BVI)

British Virgin Islands (BVI)

Introduction
Formerly a British colony, currently a British Overseas Territory, the British Virgin Islands (BVI) still has its policy stable and its legal system based on the British system. The country also owns a low international profile and a clean reputation. US dollar is BVI’s official currency, and there is no control over currency and no money manipulation from local government. These have made BVI a competitive offshore jurisdiction.
In BVI, a legal entity performing business activities is generally called a Business Company.
Requirements
A Business Company (BC) in BVI must follow below requirements on start-up and running.
1. At the time of incorporation, BC must have at least one shareholder. Shareholders may be individuals or legal entities and be residents of any country.
2. BC must have at least one director. Directors may be individuals or legal entities and be residents of any country.
3. BC is not required to have a secretary. It is optional.
4. At the time of incorporation, BC must have capital of any amount. There is no requirement for the size of authorized capital. However, there is a maximum number of shares that BC is authorized to issue. The number of shares that BC is authorized to issue affects government incorporation fee.
The standard authorized number of shares to issue is 50,000 ordinary shares, each of which has a par value of US$1.00.
5. BC must have a local registered agent who is authorized by BVI’s government.
6. BC must have a registered office address located in BVI. Principal office address may be in any country. BC’s operational documentation (resolution, minutes of meetings, etc.) may be kept at a place of discretion of BC’s directors.
1. BC’s annual general meetings (AGMs) are not required and may be held in any country.
2. BC is not required to do accounting and auditing annually or file annual returns.
3. BC may store accounting records in any country but is required to provide the addresses.
1. BC is required to file details of directors with BVI Registry, but this information is not publicly available.
2. Details of shareholders are not required to be filed with BVI Registry.
3. Each registered agent is required to upload details of beneficial owners to Beneficial Ownership Secure Search System (BOSS System). At the request of UK authorities, BVI law enforcement is able to search this BOSS System.
Key Benefits  
Offering Packages
For your convenience and saving your time, we offer you two packages Standard and Enhanced for incorporating an offshore company in the British Virgin Islands with included services as below:
Services Standard Advanced
Company Incorporation Service Fee
All Government fees due on Incorporation
Free Name Application
Local Registered Office Service 12 months 12 months
Local Registered Agent Service 12 months 12 months
Certificate of Incorporation
Memorandum and Articles of Association
Appointment of the Directors
Appointment of the Corporate Officers
Filing Particulars of Directors
Register of Director(s)
Register of Member(s)
Share Certificates
Professional Consultancy via Phone and Email
Assistance on Opening of Company Bank Account  
Company Statutory Record & Company Kit
Total fee US$ 1,120 US$ 1,619
  Setup Company Setup Company
SERVICES
Company Incorporation Service Fee
Standard
Advanced
All Government fees due on Incorporation
Standard
Advanced
Free Name Application
Standard
Advanced
Local Registered Office Service
Standard

12 months

Advanced

12 months

Local Registered Agent Service
Standard

12 months

Advanced

12 months

Certificate of Incorporation
Standard
Advanced
Memorandum and Articles of Association
Standard
Advanced
Appointment of the Director
Standard
Advanced
Appointment of the Corporate Officers
Standard
Advanced
Filing Particulars of Directors
Standard
Advanced
Register of Director(s)
Standard
Advanced
Register of Member(s)
Standard
Advanced
Share Certificates
Standard
Advanced
Professional Consultancy via Phone and Email
Standard
Advanced
Assistance on Opening of Company Bank Account
Advanced
Company Statutory Record & Company Kit
Standard
Advanced
Total fee (US$)
1,120          
1,619

Beside the company incorporation service, we also provide Offshore Bank Account Assistance of numerous banks in the world and Other Services necessary for any offshore company.
For any further questions, feel free to Contact Us for more details.