British Virgin Islands (BVI) Offshore Company Incorporation

Set Up a Company in the British Virgin Islands (BVI)

 

The British Virgin Island (BVI) is a leading jurisdiction for offshore company formation, with over 800,00 offshore companies being incorporated since 1984.

Company Setup Requirements for BVI

  • Minimum 1 Shareholder
  • Minimum 1 Resident Director
  • For a BVI Company the Shareholder, Director and Corporate Secretary can be the same individual and or corporate entity.

Features of a BVI Offshore Company

  • No minimum capital required
  • No capital gains tax
  • No withholding tax
  • No annual reporting or auditing is required
  • Income is exempted from local taxation

Law

The BVI Business Companies Act (No 16 of 2004) is the principal statute of the British Virgin Islands relating to British Virgin Islands company law, regulating both offshore companies and local companies.

 

Steps to Register a BVI Offshore Company

Steps
1Prepare due diligence documents and forms for incorporation;
2Reserve company name at the Registry of Corporate Affairs;
3Submit signed incorporation documents;
4Receive registration approval
5Receive registration approval;
6Open corporate bank account

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