Company registration in British Virgin Islands (BVI)

Registration fee is from 2500 €

Registration period — 3 weeks

Minimum authorized capital - 1 USD

Remote opening — yes

Financial statements — yes

The British Virgin Islands (BVI) is a British Overseas Territory, subordinate to the United Kingdom, a member of the British Commonwealth. The largest island is Tortola, where the capital is located - the city of Rod Town.

Maira Consult recommends using companies registered in the British Virgin Islands to hold corporate rights and shares in other companies, as investment companies, and for IT services. Thanks to progressive legislation, a company registered in the BVI gains a number of competitive advantages, the main of which is the protection of assets from third parties.

For companies engaged in activities regulated in the BVI, there are substance requirements (a real BVI office, employees, a director who is a BVI resident, etc.) It is possible to buy an offshore company in the BVI in a few days.

Open an offshore company in the British Virgin Islands with minimal time and effort! We offer full support when registering a company in one of the most popular offshore jurisdictions in the world - BVI. Our specialists will ensure fast paperwork and provide comprehensive advice on all aspects of offshore business. Open a profitable offshore in the BVI and gain access to international opportunities!

British Virgin Islands advantages

1

Procedure for company redomiciliation

2

Nominee service is available

3

Tax benefits for non-resident companies

4

Remote registration procedure

General Information

Registration Features

The most popular form of company in BVI is International Business Companies (IBC).

Company Name

The name must contain a word or abbreviation that indicates its legal form, such as “Limited”, “Ltd.”, “Corporation” or “Corp.”.

Authorized Capital

There is no minimum share capital requirement. The standard share capital of an offshore company in BVI is USD 50,000. There are no payment requirements.

Director

At least one, an individual or a legal entity. There are no residency requirements. It is allowed to use the services of a nominee director.

Shareholders

At least one shareholder is required, which can be either an individual or a legal entity, with no residency requirements. It is also allowed to use the services of a nominee shareholder.

Financial Reporting

All companies registered in the BVI must comply with the economic presence requirements and file an Economic Substance Report (ES report). The reporting period for the ES report is individual for each company and is 12 calendar months from the date of registration of the company in the BVI. All BVI companies are also required to submit an Annual Return (a report on the company's financial position, assets and activities) to the registration agent on an annual basis. This report is kept by the registration agent and will be provided to the BVI company registry upon request.

Taxation

There are no taxes on profits, capital gains, dividends, no VAT for BVI offshore companies. BVI offshore company can be exempted from taxation, if the company conducts business activity outside the BVI, does not engage in licensed activities in the BVI and does not own real estate in the BVI.

Confidentiality

The information about the beneficial owner is confidential and is kept by the registration agent in the BVI.

Stages of company registration

01

Choosing the name and form of the company

Before registering a company in the BVI, you need to contact the company registry to check the availability of the name. Once the name is confirmed, the preparation of corporate documents begins.

02

Preparation and collection of documents

Each member of the company must submit a full package of KYC documents, including a passport, utility bill, bank certificate, and resume.

03

Identification of company participants

At this stage, a meeting is held in our office or online, and corporate documents are signed. If the services of a nominee director and shareholder are used to register a company in the British Virgin Islands, all documents for registering an offshore company are signed by nominees.

04

Formation of the share capital (if necessary)

There are no requirements for the formation of authorized capital in the BVI. If it is required, the authorized capital can be created after the company is registered.

05

Company registration

The standard term for registration of the BVI company is 3 weeks.

06

Receiving of corporate documents

As soon as an offshore is registered in the BVI, the registry issues corporate documents with the appropriate stamps.

07

Legalization of documents (if necessary)

If necessary, the company's documents in the BVI can be sent for legalization and apostille.

08

Delivery of corporate documents

Original corporate documents of a company in the British Virgin Islands are sent via courier service.

Answers to the Most Common Questions:


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+380 73 427-66-30

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Kyiv, 01054, Ukraine,

40B Ivan Franko St., office 207

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