OUR OFFICES: LONDON, UK Office | +44 20 3769 1690  –  CORK CITY, Ireland Office | +353 21 202 8069  –  Contact Monday to Friday: 9 am to 6 pm GMT time  –  Skype: CALL | CHAT

OUR OFFICES:
LONDON, UK Office | +44 20 3769 1690
CORK CITY, Ireland Office | +353 21 202 8069
Contact Monday to Friday: 9 am to 6 pm GMT time 
Skype: CALL | CHAT

SET UP YOUR BUSINESS IN
BRITISH VIRGIN ISLANDS (BVI)

We support all worldwide
Investors & Entrepreneurs
Setting up their Business overseas

Eurofinanzza Tax Legal Law Center
Corporate Tax & Legal Consultors
Since 1998

British Virgin Islands
Company Formation on BVI
BVI Business Company (BC)

Why register your Business Company in BVI?
  • Flexibility in Company Structure
  • Privacy for Identity of Principals
  • Confidentiality
  • Minimum Capitalization
  • Maintain Company Books and Records in BVI
  • Annual Financial Statements and other Records
  • Meetings of Shareholder (s) and Director(s)
  • Amongst others
Type of Company
Business Company
  • Political Stability – Good
  • Common or Civil Law – Common
  • Disclosure of Beneficial Owner – No
  • Migration of Domicile Permitted – Yes
  • Tax on Offshore Profits – Nil
  • Language of Name – Latin Alphabet
Type of Company for International Trade in
Investment Business Company

Corporate Requirements
Minimum Number of Shareholders / Members – One
Minimum Number of Directors / Managers – One
Bearer Shares Allowed – Yes
Corporate Directors / Managers Permitted – Yes
Company Secretary Required – No
Standard Authorised Capital – US$ 50,000

Local Requirements
Registered Office/Agent – Yes
Company Secretary – No
Local Directors – No
Local Meetings – No
Government Register of Directors / Managers – No
Government Register of Shareholders /Members – No

Annual Requirements
Annual Return – No
Submit Accounts – No

Recurring Government Costs
Minimum Annual Tax/License Fee – Depending on share capital and stock shares
Annual Return Filing Fee – N/A

New Government License Fees
The annual fee payable to maintain a standard company authorised to issue up to 50,000 shares increases to $450 and, for a company authorised to issued more than 50,000 shares, to $1,200.

Company Information

Procedure to Incorporate
Submission of the Memorandum and Articles of Association and a Certificate from the Registered Agent confirming compliance with the requirements of the ordinance.
Restrictions on Trading
Cannot trade within the British Virgin Islands or own real estate there. Cannot undertake the business of banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship, the rendering of investment advice or any other activity that would suggest an association with the banking or insurance industries. They cannot offer its shares for sale to the public.
Powers of Company
A company incorporated in the British Virgin Islands has the same powers as a natural person.
Shelf Companies Available
Yes.
Time to Incorporate
Two days upon receipt of documentation.

Compliance

Authorised and Issued Share Capital
The normal authorised share capital is US$ 50,000 with all of the shares having a par value, this being the maximum share capital for the minimum duty payable upon incorporation and annually thereafter. The share capital may be expressed in any currency. The minimum issued capital is one share of no par value or one share of par value.
Classes of Shares Permitted
Registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.
Taxation
A Business Company does not pay any tax on its world-wide profits to the British Virgin Islands authorities.
Double Taxation Agreements
The British Virgin Islands has treaties with Japan and Switzerland, although they have limited benefit and are not applicable to offshore business.
Financial Statement Requirements
Whilst there is no requirement to file audited accounts with the authorities, a company is required to keep financial records, which reflect the financial position of a company.
Economic Substance Requirements for Companies and Limited Partnerships
Following the EU’s Code of Conduct Group (Business Taxation) in 2017, the Council of the EU expressed concerns about the absence of clear general legal substance requirements for entities doing business in and through the BVI.

In response, the Government made a commitment to implement reforms by the end of
2018 to ensure that BVI businesses have sufficient economic substance.

The Government has subsequently discussed with the EU draft legislation to introduce economic substance requirements for companies and limited partnerships.

The Government held discussions with the Organisation for Economic Cooperation and Development (OECD) which has recently adopted substantial activities requirements to be applied to jurisdictions that levy low or (like BVI) zero corporate income tax. This means that substance rules will no longer be an EU standard but will be a global standard.

Start your Business Project now!

Contact us Now!

One of our Business Development Managers will promptly answer your enquiry!

There is dedicated team in our Head Office available to deal with your enquiries regarding any of our five offices. We aim to respond to all enquiries within 24 hours.

Whether you are an existing client or interested in Eurofinanzza services, we would be happy to hear from you via any of our available communication networks: telephone, email, live chat, and enquiry form.

We look forward to hearing from you!

(*) Required fields