British Virgin Islands (BVI)

Located in the Caribbean Sea, 80Km from Puerto Rico, the British Virgin Islands is one of the top offshore jurisdictions worldwide. It is a British territory with an autonomous government. Its legal system is based on the British Law.

The British Virgin Islands are, with Hong Kong, one of the main sources of foreign investment in China, due to the number of global companies which use it as a base for a holding company for China investment purposes.

Incorporation requirements (International Business Corporation-IBC)
-One (1)director or more
-One (1) shareholder or more
-Director and shareholder can be the same person, and can be a corporation
-Local shareholder & director: not required
-Local meeting: not required
-Corporate secretary: not required
-Local registered office: YES
-Annual return: not required
-Audited financial statements: not required

Capital structure
-Minimum paid in and issued capital: one share
-Standard issued capital: USD50,000 (or equivalent in other major currencies)
-Shares can be issued with or without par value
-Shares can be paid up in cash, asset transfer or other considerations
-Issued capital does not need to be actually paid up

Tax structure
A BVI International Business Corporation is exempt of tax for all income earned worldwide within their first twenty years.

Confidentiality & Privacy
Names of a BVI company owners are not shown on the incorporation documents, and as such are not accessible from the public record.

Our service
The registration of a BVI company takes around 15~30 days. The total cost is USD900. Additional charges (stamp duty fee) apply if issued capital exceeds USD50,000. The registration package includes:
-BVI IBC name search
-Documents preparation and submission (Articles of Association, Memorandum, company minutes etc.)
-Payment of first year government fees
-Filling the application at the BVI registry
-First year registered office fees
-Our service charge

You will need to fill a form, provide a copy of your passport and a letter of appointment of first director (model provided)

Upon registration completion, you will be receiving:
-A certificate of incorporation
-The Memorandum and Articles of Association
-The minutes of the first meeting of the board of directors
-The register of shareholders, directors and secretary (if any)
-The share certificates
-The corporate seal

Renewal & maintenance
The annual cost from the second year is USD800 for the standard authorized capital. For issued capital over USD50,000, the renewal cost is USD1,800. The annual cost needs to be paid in April for companies registered between January of June, and in October for companies registered between July and December.