British Virgin Islands Company Formations
The British Virgin Islands is the most popular offshore jurisdictions with favourable business regulations, a prosperous economy and a stable political situation.
Once you have submitted the name of your International Business Company to us, reservation of the BVI company name will be obtained within hours.
|BVI Company Incorporation Fees||BVI Annual Compliance fees|
|Company Formation: £720||Registered Office and Resident Agent: £560|
|Government Incorporation fee: US$575||Company Secretary recommended: £400|
|Shareholder Due Diligence: £60 each||Government Renewal fee: US$450|
|Company Secretary recommended: £400||Economic Substance Filing fee: £480|
|Registered Office and Resident Agent: £560||Shareholder & Directors Register Maintenance: £180|
|Compliance fee: £200|
BVI Company Registration
We offer a complete incorporation package in the BVI that includes:
- Reserving your Company Name
- Structuring the company as per your requirements
- Prepare your Company Registration Forms
- Drafting the Articles of Association / Statutes
- File the documents with the Registry of Corporate Affairs
- Appoint the Directors
- Initial Government licence fee payable on incorporation
- Standard government fee to BVI government
- Certificate of Incorporation
- Issue of shares and production of Share Certificates
- Delivery of documents by courier
Documents and Information
To start incorporating a company in the BVI we only require the following:
- Your proposed Company Name
- YThe company name must end with Limited, Corporation, Incorporated or one of the abbreviations Ltd., Corp., or Inc.
- The Directors full name, date of birth, address and nationality
- The Shareholders full name and address
Share Capital – Authorised and Issued
- No authorised share capital
- No restriction on a company purchasing its own shares
- No minimum paid up capital
- Share Capital may be in any currency
- Shares may be issued with or without par value, the minimum issued capital is 1 share of no-par value or 1 share of par value.
In the BVI the standard authorised share capital is US$50,000. Upon incorporation and annually thereafter, there is a duty payable on the amount of share capital.
BVI Company Directors & Shareholders
Only one director is required for your BVI company with no restriction placed on nationality or residence. Due to the high level of confidentiality in the BVI, the names of the directors do not appear on public record.
Your BVI company requires a minimum of one shareholder who may be the same person as the director. Shareholders may be of any nationality and may reside anywhere.
Registered Office and Registered Agent
A physical registered office address in the BVI is required. We provide you with a registered office and a registered agent for your company in the BVI.
Your company’s Register of Shareholders, Register of Directors and all Minutes & Resolutions are kept at the Registered Office with complete confidentiality.
BVI Ready Made Companies
We only stock one or two BVI ready-made companies, as there is no longer any time saved purchasing a ready-made as a new incorporation only takes 4 – 6 days.
IBC Annual Renewals
BVI IBC renewals are due in either January or July, depending on the incorporation date of the company
- Companies incorporated between 1st January – 30th June, the renewal date falls due the following 01 January (and every year thereafter)
- Companies incorporated 1st July – 31st December, the renewal date falls due the following 01 July (and every year thereafter)
BVI Annual Return
The BVI Amendment Act introduces the requirement to file an Annual Return with the company’s registered agent which is due nine months after the year end.
Failure to file your annual return constitutes is an offence and may result in prosecution or a fine.
BVI Annual Compliance
In line with the BVI Anti-Money Laundering rules, we complete compliance checks and update the records held at the registered office, to ensure your BVI company meets its regulatory obligations and remains in Good Standing.
We conduct annual reviews to ensure that the due diligence documentation held on your BVI company file are up to date.
The fee covers the additional time spent monitoring KYC for the company directors, shareholders and other connected entities, in addition to general matters concerning corporate governance and regulatory updates.
Our annual compliance fee is based on an International Business Company (IBC) in the BVI company with standard Share Capital, two directors and two shareholders. If your BVI company has a higher Share Capital or additional directors or shareholders, there will be additional compliance charges.
Shareholder & Directors Maintenance
Under the BVI Business Companies Act, 2004 we need to ensure your BVI company registers, including the directors register are maintained. An updated copy of the Directors register is held at the BVI registered office of your company. If there are changes to the Directors of your BVI company, we will need to get updated due diligence records and file an updated directors register with the BVI companies registry.
Economic Substance Filing
The Economic Substance (Companies and Limited Partnership) Act 2018 came into force in the British Virgin Islands to address tax system concerns of the European Union and the OECD.
The BVI International Tax Authority has been task with enforcing the Act which requires that all BVI companies must inform the Tax Authorities of their Economic Substance status.
We assist with the Economic Substance filing which is within 6 months after the end of your financial period.
Under the Economic Substance Act 2018 and the Beneficial Ownership Secure Search System Act 2017 the Economic Substance Portal is integrated with the Beneficial Ownership Secure Search system (BOSSs).
The required filing is made on the online portal by the BVI registered Agent for your BVI registered company.
The Economic Substance (Companies and Limited Partnership) Act requires all companies and limited partnerships conducting “relevant activities” to show substance/presence in the BVI, unless they are tax resident in another country.
All BVI companies must inform the International Tax Authority of their Economic Substance status. An initial legal assessment will be mandatory for every BVI company, and an Economic Substance filing must be submitted annually to the International Tax Authority.