Advantages of Incorporating in the BVI
- Exemption from all
local taxes and stamp duty
confidentiality and anonymity
- Ease of operation,
maintenance and control
- Asset security
- No disclosure or
minimum capital requirements
- The minimum number
of shareholders is one
- The minimum number
of directors is one
- Corporate directors
and shareholders are permitted
within one or two days
- Excellent and
flexible post-incorporation follow-up services
- No statutory
requirement to hold annual general meetings
- Highly competitive
fees and costs
Principal Corporate Legislation
Business Companies Act, 2004 ("the Act") as amended.
Type of Law
Language of Legislation and Corporate Documents
Type of Company for International Trade, Investment
& Tax Planning
BVI BC (Business Company).
BVI Business Company
is no concept of authorised share
capital in the Act.
authorised share capital is US$50,000.
Minimum paid up share capital is US$1.
Classes of Share Available
shares, shares of no par value, bearer shares, preference
shares, redeemable shares and shares with or without voting
rights. Bearer shares will be subject to anti-money
laundering and due diligence obligations and a company which
is authorised to issue bearer shares pays higher
incorporation and annual fees.
Restrictions on Trading
within the BVI. Banking, insurance, assurance, reinsurance,
fund management, collective investment schemes, trust
management, trusteeship business provision are not
Registered Office Required
Yes, must be maintained in the BVI.
The minimum number of directors is one. Director
can be of any nationality and need not be resident in the
BVI. Corporate directors are permitted.
The minimum number of shareholders is one.
Publicly Accessible Records
Nominee Shareholders and Nominee Directors
Location of Meetings of Directors and Shareholders
Disclosure of Beneficial Ownership to Authorities
Personal Presence Required
Double Taxation Treaty Access
Requirements to File Accounts
Requirement to File Annual Return
Language of Name
Words such as "Assurance", "Bank", "Building Society",
"Royal", "Trust Company", "Trustee Company" etc. will
Name of a BVI Company
The words "Limited", "Corporation", "Incorporated",
"Societe Anonyme", "Sociedad Anonima" or Ltd, Corp., Inc.,
S.A. must be part of the name of every BVI Company.
Time to Incorporate
Cost of Formation
W.I.S. provides the following
services in the BVI:
BVI Company Incorporation
Registered Office and Agent Services
Company Secretarial Services
Nominee Shareholder/Nominee Director
Opening of Bank Accounts
Full Company Administration Services