Jurisdiction

Setting up your business in British Virgin Islands
Most relevant features

Home / Jurisdictions / British Virgin Islands

Set your business in British Virgin Islands

An excellent Latin America and the Caribbean option for international trade.

Tax neutrality
There is no corporation tax payable by BVI companies.
Access to Capital
Companies listed on the world’s leading international stock exchanges.
~
Data Protection
Founders are free to structure their own internal policies as required and appropriate.

Packages & Prices

British Virgin Islands
Incorporation Service Fee
US$995

Select the services as most suitable for your personal business needs and build your own package – start your business project now!

Why register your company with us?

We make incorporating a company as easy as possible, so you can focus on the important things.

We have a full suite of startup services, like banking, bookkeeping and tax planning consultancy, which means Eurofinanzza not only helps you get started, but supports you in your continued success as your one-stop shop.

Tell us about your
business

We’ve taken the complexity out of forming your business company. Our online form can be completed in less than 10 minutes.

We take care of the
paperwork

Based on the information you provide, we prepare all required documents and file them directly to the appropriate entity.

Receive your
documents

Once your incorporation documents have been approved by the state, you’ll receive your completed company package by email.

Some Banking Options

How to incorporate your business company in British Virgin Islands (BVI)

Why register your business company in BVI?

N

Flexibility in Company Structure

N
Privacy for Identity of Principals
N
Confidentiality
N

Minimum Capitalization

N

Maintain Company Books and records in BVI

N

Annual Financial Statements and other records

N

Meetings of Shareholder (s) and Director(s)

Type of Business Company
N
Political Stability – Good
N
Common or Civil Law – Common
N
Disclosure of Beneficial Owner – No
N
Migration of Domicile permitted – Yes
N
Tax on Offshore Profits – Nil
N
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.

Have any questions?

There is a 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.