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Starting at $ 2,090

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WHY CHOOSE British Virgin Islands FOR YOUR BUSINESS?
Explore the unique advantages that make British Virgin Islands a top choice for global entrepreneurs and investors.
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TAX EFFICIENCY

The BVI maintains zero corporate tax, facilitating cost-effective business operations.

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HIGH PRIVACY PROTECTION

Robust privacy laws prevent public access to shareholder records.

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SIMPLE SETUP PROCESS

Get your company up and running in just 2-3 business days.*

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CARIBBEAN FINANCIAL HUB

Strategic positioning for easy access to international markets.

INCORPORATE YOUR COMPANY IN British Virgin Islands
IN 5 SIMPLE STEPS
1
COMPLETE OUR
APPLICATION FORM
2
UPLOAD
DOCUMENTS
3
COMPANY GETS
INCORPORATED SUCCESSFULLY
4
ADDITIONAL SERVICES ARE PROCESSED
5
MANAGE YOUR COMPANY
VIA OUR CLIENT PORTAL

GET STARTED

British Virgin Islands OFFSHORE
COMPANY FORMATION
Good to Know
With over half its income coming from the licensing of offshore companies and related services, the BVI is a significant global player in the offshore financial services industry. Once frequently labelled as a “tax haven”, the territory has fought hard against the label in recent years, signing the Multilateral Convention on Mutual Assistance in Tax Matters in June 2013. Re-positioning itself as a responsible international financial centre and tax planning destination, the BVI has turned its attention to Asia-based clients.
Main Characteristics
Company type
Business Company (BC)
Governing corporate legislation
The BVI Financial Service Commission is the governing authority 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
No accounting / reporting requirements.
N.B. As per Section 98 of the Business Companies Act 2004 (Amended) a company must keep such records and underlying documentation as necessary to establish its financial situation and explain its transactions
Taxation
No Taxes of any sort.
While the company may not be liable to pay taxes, please 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. The standard share capital is USD 50,000 but can be amended 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.
A certified copy of your passport (specific wording required), a certified copy of proof of domicile dated less than three months (specific wording required), a curriculum vitae, an original bank reference letter dated less than three months, as well as last 3 months' bank statement. All in original.**
CUSTOMER
TESTIMONIALS
WHY BUSINESSES CHOOSE US FOR COMPANY FORMATION

December 18, 2024

Fast and reliable service. Account manager was responding fast and always to the spot.

October 17, 2024

Helpful, proactive and good communication and very fast delivery of the requested service. Excellent!

September 19, 2024

Brilliant assistance, always swift and professional replies, generally speaking... happy with SFM

August 2, 2024

The service renderade was proactive, engaged and well excecuted.
READY TO SET UP YOUR British Virgin Islands COMPANY?

Take the first step toward a successful business setup in British Virgin Islands with trusted support every step of the way.

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FREQUENTLY
ASKED QUESTIONS
Have questions about starting your business with SFM? We’ve got answers. Here’s everything you need to know about our company formation process, pricing, and ongoing support.
  • Is it legal for me to setup an offshore company in the BVI ?

    Absolutely, offshore companie formed in the British Virgin Island are perfectly legal, are recognized internationally and are able to open bank accounts.

  • Is a BVI Offshore Company tax liable?

    No, Offshore companies formed in the BVI are exempt from any form of taxation and withholding taxes in the BVI

    While a company may not be subject to tax reporting to its local authorities, you should consult with your own tax, legal or accounting advisor to determine whether you are subject to tax in any other jurisdiction including the jurisdiction in which you are a tax.

  • What type of company do you register in the BVI?

    The type of companies that we form in the BVI are known as Business Company (BC), commonly known as offshore companies.

  • How many directors and shareholders should I appoint on my BVI BC?

    A minimum of 1 director and 1 shareholder should be appointed on a Seychelles International Business Company.

  • Do I need to submit accounting records for a company in the BVI?

    No, there are no accounting requirements. However under Section 98 of the Business Companies Act 2004 (Amended) a company must keep such records and underlying documentation as necessary to establish its financial situation and explain its transactions.

  • Will my name be public once I setup a BVI company?

    No, There is no public register of company officers in the British Virgin Islands.

  • Do I need to deposit the paid up capital for a BVI company?

    There is no paid up capital requirement. The standard share capital is USD 50,000 but can be amended to fit your requirements.

  • Are bearer shares allowed in the BVI?

    No, bearer shares are not allowed in the BVI and tend to disappear from most jurisdicitons.

  •  
  • How long does the British Virgin Islands company formation process take?

    The British Virgin Islands company formation process is swift, thanks to the jurisdiction’s efficient registry. It can take as little as 48 hours upon validation of your identification documents to register your company.

  • Can a BVI company purchase real estate (in the BVI or abroad)?

    Yes, it is entirely legal for a BVI company to purchase and own property within the jurisdiction, in the UK, or in any other country where there is no legal obstacle.

  • Do I need a registered agent or office in the BVI?

    Yes, a BVI company must have a Registered Agent at all times, unless it is facing insolvent liquidation. The official Registered Agent is responsible for the safe custody and maintenance of the notices and filings, copies of Resolutions, Register of Directors, Register of Members, and the Memorandum and Articles of Association.

  • Why should I set up a company in the BVI?

    Choosing the British Virgin Islands for your company formation allows you to run your business in a country where it is exempt from local taxes, capital gains and inheritance taxes, stamp duty, and sales tax. This is a good way to help maximise your company profits while taking into consideration your obligations in your country of residence.

  • What type of commercial activities can I carry out in the British Virgin Islands?

    British Virgin Islands companies can be ideal for businessmen, consultants, counsellors and other service providers, e-commerce professionals, as well as for holding real estate, intellectual property rights, or inheritance purposes.

  • What are the naming requirements for a BVI company?

    You must select a unique corporate name that does not resemble already existing corporation names and add one of the following suffixes: “Limited”, “Incorporated”, or “Corporation”. The name should not contain the words “care”, “credit”, “bank”, “insurance”, or “fund”.

  • Who can be a member of a BVI company?

    Various types of entities can be members of a BVI company, including:
    • Individuals—both residents and non-residents of the British Virgin Islands can be members of a BVI company.
    • Corporations—including domestic and foreign corporations.
    • Partnerships—including domestic and foreign partnerships.
    • Trusts—particularly in the context of asset protection.
    • Other BVI companies can be members of a BVI company, forming a BVI corporate structure (commonly used for tax planning and asset protection).
  • Is there a capital requirement while setting up a business in the BVI?

    There is no paid-up capital requirement to set up a BVI company.

Still have questions?

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