British Virgin Islands
Incorporation package includes
- Incorporation of a British Virgin Islands company
- 1 year Registered Office Address
- 1 year Company Secretary Services
- Preparation of necessary resolutions and documentation
- Guidance to ensure your company remains in good standing
- Reminders and support for annual filings, renewals, and business registration renewals
Why form a company in British Virgin Islands?
Tax Neutrality
BVI Business Companies are not subject to local corporate income tax, capital gains tax, or withholding tax on income earned outside the BVI, making it highly attractive for tax-efficient business operations.
Global Reputation and Stability
The BVI is a globally respected jurisdiction with a well-established legal framework based on English common law, providing a reliable foundation for international business.
High Level of Privacy
BVI does not require public disclosure of directors and shareholders, ensuring confidentiality for business owners.
Flexible Corporate Structure
BVI companies are permitted a high degree of flexibility in structuring share classes, appointing directors, and managing business operations.
No Exchange Controls
The BVI has no exchange control restrictions, allowing free movement of capital, which is ideal for international trade and investment.
Asset Protection
BVI BCs offer robust asset protection provisions, safeguarding business assets from third-party claims.
Quick Incorporation Process
The BVI has an efficient incorporation process, allowing for rapid company setup, which appeals to entrepreneurs seeking quick entry into the global market.
Enjoy British Virgin Islands' tax benefits
No Corporate or Income Tax
Offshore companies are exempt from income and corporate taxes.
No Capital Gains Tax
Asset disposals are tax-free.
No Reporting Requirements
Minimal reporting, enhancing privacy.
No Withholding Tax
Dividends and other payments are free from withholding tax.
Flexible Structure
Simple regulations and confidential structures.
Delivery timeline
Setting up a company in the BVI is generally swift, with the entire process typically taking 2-4 business days. Here’s an overview of the timeline:
Pre-Incorporation
Selection of the company name, preparation of incorporation documents, and determination of the company’s structure.
Company Registration
Filing of documents with the BVI Companies Registry, where approvals are generally issued quickly.
Issuance of Certificate & Documents
Upon approval, you will receive the Certificate of Incorporation and other necessary documents.
Post-Incorporation
Finalize tasks such as appointing directors and shareholders and opening a bank account.
Required documents
Once we receive the required documents, we will handle the entire incorporation process, ensuring full compliance with British Virgin Islands’s laws and regulations. The following documents are required:
Director and Shareholder Information
- Copies of passports or government-issued ID for each director and shareholder
- Proof of residential address (such as a utility bill or bank statement) for each director and shareholder
Company Name
Proposed company name (subject to approval by the BVI Companies Registry).
Business Activities
Description of the company’s intended business activities.
Registered Office Address
Proof of the company’s registered office address in the BVI, provided through our incorporation service.
Memorandum & Articles of Association
Documents that outline the company’s structure, share capital, and rights of shareholders.
Frequently answered questions
Find answers to common questions about our services and the company formation process. We’re here to provide clarity and support for your business journey.
What are the key advantages of incorporating a company in the BVI?
The BVI offers several compelling reasons for international businesses:
- No Tax on Profits: No corporate income tax, capital gains tax, or inheritance tax for BVI companies.
- Asset Protection: Strong legal framework for protecting assets and privacy.
- Efficient Corporate Structure: The BVI has flexible corporate laws, making it ideal for holding companies, investment activities, and international trading.
- Fast Incorporation Process: A company can typically be incorporated in 1-2 business days.
- Global Reputation: The BVI is a recognized, reputable offshore jurisdiction with a stable legal system.
What types of companies can be registered in the BVI?
The BVI offers a variety of company structures to meet diverse business needs:
- BVI Business Company (BC): The most common structure for international business, investment, and holding assets.
- Limited Liability Company (LLC): Ideal for joint ventures and partnerships, providing limited liability for members.
- Special Purpose Vehicle (SPV): Often used in finance, investment, and structured transactions.
- Branch Office: For foreign companies wishing to operate in the BVI without setting up a separate entity.
Is a local director or shareholder required to form a company in the BVI?
No, you are not required to have a local director or shareholder to form a company in the BVI.
- Foreign ownership is fully permitted, and there are no restrictions on nationality for directors or shareholders.
- Nominee services for directors and shareholders are available for privacy purposes.
- Speedy Incorp LLP can provide nominee director and shareholder services if needed.
How long does it take to incorporate a company in the BVI?
Incorporating a company in the BVI is a fast process:
- Typically, it can be completed in 1-2 business days.
- Speedy Incorp LLP takes care of all the paperwork, ensuring a smooth and quick incorporation process.
- After registration, your company will be officially recognized and ready to do business.
Are there any ongoing compliance requirements for BVI companies?
BVI companies enjoy a straightforward compliance framework:
- Annual Return: Companies must file an annual return with the BVI Financial Services Commission (FSC).
- Registered Agent: A registered agent is required to maintain the company’s legal status.
- No Audits: Companies are generally not required to undergo annual audits unless operating in specific regulated sectors.
- No Financial Statements: Unless requested, there is no obligation to submit financial statements to the authorities.
