BVI Company. BVI Company Registration.

Worldwide Incorporation Services specializes in BVI company registration and opening bank accounts.

 

BVI Company – General Information

The British Virgin Islands, or BVI for short, is a group of fifty islands in the Caribbean forming a British Overseas Territory. The main islands within this group are called Tortola, Virgin Gorda, Anegada and Jost Van Dyke. They have been autonomous from Britain since 1967. While the official name is the Virgin Islands, they are usually called the British Virgin Islands to separate them from the nearby American Virgin Islands.

Advantages of BVI Company Formation

Forming a company in the BVI means setting up a so-called BVI Business Company or BVI BC. These are the most popular form of offshore companies in the world. They are available to residents of any country in the world and can be formed as a continuation of another company in another part of the world. There are many benefits to a BVI BC:

• 0% corporate tax
• 0% capital gains tax
• 0% profit tax
• 0% gift tax
• 0% sales tax / Value Added Tax
• 0% inheritance tax
• No stamp duty except for land transactions in the British Virgin Islands itself
• No restrictions on doing business anywhere in the world
• Ability to transfer and repatriate money without fees
• No currency exchange fees or limitations
• A minimum of one shareholder is required for a BVI company formation
• A minimum of one director is required for a BVI company formation
• Corporate directors and shareholders are permitted
• No need to publicise company directors, officers, owners or shareholders

BVI Company Formation. Legislation

Principal Corporate Legislation

The BVI Business Companies Act, 2004 (“the Act”) as amended.

Type of Law

Common.

Language of Legislation and Corporate Documents

English.

Type of Company for International Trade, Investment & Tax Planning

BVI BC (Business Company).

BVI Company

Share Capital

There is no concept of authorised share capital in the Act. Standard authorised share capital is US$50,000. Minimum paid up share capital is US$1.

Classes of Share Available

Registered 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.

Bearer Shares

Permitted.

Restrictions on Trading

A BVI Offshore Company cannot trade within the BVI or own real estate there. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.

Registered Agent Required

Each BVI Company must have a Licenced Registered Agent in the BVI.

Registered Office Required

Each BVI Company must have a Registered Office in the BVI, provided by a Licenced Registered Agent.

Directors

A BVI Company requires a minimum of one director. Director can be of any nationality and need not be resident in the BVI. Corporate directors are permitted.

Shareholders

A BVI Company requires a minimum of one shareholder.

Publicly Accessible Records

No.

Nominee Shareholders and Nominee Directors

Allowed.

Location of Meetings of Directors and Shareholders

Anywhere.

Personal Presence Required

No.

Taxation

Nil.

Double Taxation Treaty Access

None.

Requirements to File Accounts

None.

Requirement to File Annual Return

None.

Audit Requirements

None.

Currency

US Dollar.

Exchange Control

None.

Time required for BVI Company Formation

Two days.

BVI Company Formation – Name of a Company

Language of Name

English.

Restricted Words

Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.

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.

BVI Company Registration – International Packages

 
* Government Licence Fee USD 350 is not included (payable to the Registrar of Companies every year)

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Ready-Made BVI Companies

This is a list of ready-made and approved company names available as of today.

DINAMIX INTERNATIONAL LTD	Approved	$ 950
BARONA BUSINESS LTD	Approved	$ 950
PROFITCOM GROUP LTD	Approved	$ 950
GREENWICH ALLIANCE LTD	20.01.2017	$ 1390
TIBERA ALLIANCE LTD	20.01.2017	$ 1390
DIMIRA GROUP LTD	01.07.2015	$ 2490
ADONIS ALLIANCE LTD	24.03.2015	$ 2490
BERLONA TRADING LTD	11.11.2013	$ 3890
BERFORD INVESTING LTD	11.11.2013	$ 3890
WENTURA COMMERCE LTD	16.09.2013	$ 3890
WENTURA ALLIANCE LTD	16.09.2013	$ 3890
NEXXUS CONSULTING LTD	16.09.2013	$ 3890
ARONEX CAPITAL LTD	23.04.2013	$ 3890
RENSBERG TRADING LTD	20.03.2013	$ 3890
ENORA PARTNERS LTD	20.03.2013	$ 3890
TIBERA COMMERCE LTD	30.11.2012	$ 4590
ARTUS COMMERCE LTD	17.10.2012	$ 4590
COVENT COMMERCE LTD	03.10.2011	$ 5290
ALFARE CONSULTING LTD	03.10.2011	$ 5290
CORLEON COMMERCE LTD	23.06.2011	$ 5290
LANTANA CONSULTING LTD	06.05.2011	$ 5290
NOTTING PARTNERS LTD	04.05.2011	$ 5290
SOLMARA ALLIANCE LTD	19.11.2008	$ 9990
ALMIDA GROUP LTD	11.09.2008	$ 9990
HERROLD GROUP INC	27.06.2006	$ 0

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BVI Company Formation – Office Addresses

 

Services related BVI Company | BVI Company Registration

Worldwide Incorporation Services provides the following services related BVI Company Formation:

• BVI Company Formation
• Registered Office and Agent Services
• BVI Company Secretarial Services
• Nominee Shareholder/Nominee Director
• Opening of Bank Accounts
• Full BVI Company Administration Services
• Mailing Address in the BVI
• Trademark Registration
• Yacht Registration in the BVI

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Worldwide Incorporation Services | BVI Company | BVI Company Formation

 

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