Advanced solution for your business
The British Virgin Islands (BVI) are a British Overseas Territory in the Caribbean. The British Virgin Islanders are classed as British Overseas Territories citizens and have the right to take up full UK citizenship. Although BVI is not part of the European Union and not directly subject to EU law, its citizens are not citizens of the EU as well.
BVI has been an international business centre since the 1980s with constant updates to its legislation to ensure it remains on the cutting edge of the international business industry. As such, BVI has been placed on the “whitelist” of those countries that have substantially implemented the internationally agreed tax standards as set by the Organisation for Economic Cooperation and Development (OECD). Also, the Virgin Island’s Shipping Registry (VISR) has been upgraded to Category One of the Red Ensign British Registry.
Due to its strategic geographic location, stable economy and UK-based legal and political system, BVI is expected to remain one of the world’s most attractive International Business jurisdictions.
The official language in BVI is English and the currency is United States Dollars (USD).
Company Incorporation and local Requirements
| Possible Name Endings : | Limited, Corporation, Incorporated, Société Anonyme, Sociedad Anonima, Ltd., Ultd, Corp., Inc., SPC or S.A. |
| Minimum Number of Shareholders | One |
| Minimum Share Capital | One share |
| Minimum Number of Directors | One |
| Non-resident Directors | Allowed |
| Bearer Shares | Allowed |
| Corporate Directors Permitted | Yes |
| Company Secretary | Optional |
| Shelf Companies Available | Yes |
| Registered Office/Agent | Yes |
| Local Directors | No |
| Local Secretary | No |
| Local Meetings | No |
| Government Register of Directors | Yes |
| Government Register of Shareholders | No |
| Annual Return | No |
| Submit Audited Accounts | No |
| Financial records to be kept by the Director | Yes |
| Shelf companies | Immediate Delivery |
| Necessary Documents for the Incorporation | A certified true copy of passport and utility bill and an original bank reference in the name of each beneficial owner, director/shareholder |
COMPANIES FEE SCHEDULE
Basic package
COMPANY REGISTRATION COSTS - 1.350 USD
Government incorporation fee for companies with share capital up to 50.000 shares - 350 USD
Annual fees
Annual government license fee (share capital up to 50.000 shares) - 350 USD
Registered office and registered agent - 400 USD
Corporate director (each, if provided by the Agent) - 600 USD
Confidential package
Physical director (each) - 2.000 USD or
Corporate director (each) - 600 USD
Corporate trustee shareholder (each) - 400 USD or
Physical trustee shareholder (each) - 1.400 USD
ADDITIONAL COSTS (as per Client`s request)
Notarization and apostille in the BVI (corporate set of Certificate of Incorporation and Memorandum and Articles of Association) - 400 USD
Issue of a power of attorney (with notarization and apostille, courier) - 300 USD
Certificate of Good Standing (with apostille) – 400 USD
Special Certificate stating Shareholder/s and/or Director/s (with apostille, courier) – 300 USD
Certificate of Incumbency issued from the Registered Agent – 300 USD