Steps to company formation - British Virgin Islands

Complete our application form - British Virgin Islands

Upload your documents
Your account manager will ask you for official documents which are required for your company formation.

Register your company successfully
Once your documents have been processed your company will be successfully registered.

Process any additional services
Your account manager will guide you through the steps of completing your request of additional services such as bank accounts.

Manage Your company via our client portal
Our client portal will give you immediate access to all your documents as well as display your company structure.
BVI Company
Good to Know
With over half its income coming from the licensing of offshore companies and related services, the BVI is a significant global player in the offshore financial services industry. Once frequently labelled as a “tax haven”, the territory has fought hard against the label in recent years, signing the Multilateral Convention on Mutual Assistance in Tax Matters in June 2013. Re-positioning itself as a responsible international financial centre and tax planning destination, the BVI has turned its attention to Asia-based clients.
Main Characteristics
Company type
Business Company (BC)
Governing corporate legislation
The BVI Financial Service Commission is the governing authority and companies are regulated under the Business Companies Act 2004.
Information published relating to company officers
There is no public register of company officers.
Accounting requirement
No accounting / reporting requirements.
N.B. As per Section 98 of the Business Companies Act 2004 (Amended) a company must keep such records and underlying documentation as necessary to establish its financial situation and explain its transactions
N.B. As per Section 98 of the Business Companies Act 2004 (Amended) a company must keep such records and underlying documentation as necessary to establish its financial situation and explain its transactions
Taxation
No Taxes of any sort.
While the company may not be liable to pay taxes, please consult with a tax/legal advisor in your country of residence, to determine your own tax liability.
While the company may not be liable to pay taxes, please consult with a tax/legal advisor in your country of residence, to determine your own tax liability.
Legislation
Modern offshore legislation.
Standard currency
US$
Time to form
The BVI has a fast and efficient registry: it takes about 48 hours to register a company (upon validation of your identification documents).
Stability
Stable jurisdiction with a very good reputation.
Communication
Efficient communication means.
Time zone
Convenient world time zone: GMT-4
Secretary required
No
Paid up capital requirement
No paid up capital requirement. The standard share capital is USD 50,000 but can be amended to fit your requirements.
Renewal Date
Anniversary date of the company / Each Year
Basis of legal system
Under Common Law.
Minimum directors/shareholders
Minimum of 1 director/shareholder
Bearer shares
Bearer shares are not permitted.
Documents Required
for the Creation of a BVI Company
A certified copy 
BVI Company, ideal for:

British Virgin Islands Offshore Company Formation
* Subject to the constraints of the due diligence procedure.
** Documents must be provided for every person related to the company.
Disclaimer: Nothing on this webpage shall be construed as a contractual commitment or as a warranty. Services conditions are governed by the applicable terms and conditions.
** Documents must be provided for every person related to the company.
Disclaimer: Nothing on this webpage shall be construed as a contractual commitment or as a warranty. Services conditions are governed by the applicable terms and conditions.
Our Client Reviews
Our Testimonials Are Verified By Feefo, A Third Party Company
96%
Customer satisfaction rate, testimonials verified by Feefo.com
25-Apr-2022
Great attention to detail, Fast response time, High Professionalism and Excellent overall Account management. Would recommend.

Great attention to detail, Fast response time, High Professionalism and Excellent overall Account management. Would recommend.

04-Mar-2022
SMF has far exceeded all my expectations. From the very beginning, I was very well looked after by the responsible consultant. All matters were implemented quickly and professionally. I can highly recommend the company SFM.

SMF has far exceeded all my expectations. From the very beginning, I was very well looked after by the responsible consultant. All matters were implemented quickly and professionally. I can highly recommend the company SFM.

24-Feb-2022
It took a long time to establish the company... Apart from that everything was fine.

It took a long time to establish the company... Apart from that everything was fine.

23-Dec-2021
Très bon service, ressource affectée disponible mais ça été juste un peu plus long que prévu. Sinon dans l'ensemble le service est impeccable

Très bon service, ressource affectée disponible mais ça été juste un peu plus long que prévu. Sinon dans l'ensemble le service est impeccable

10-Dec-2021
Long process time, not stable agents and many account manager changed during 6 month.

Long process time, not stable agents and many account manager changed during 6 month.

20-Sep-2021
The service we received was average, nothing outstanding... it's just a normal service expected from such a provider.

The service we received was average, nothing outstanding... it's just a normal service expected from such a provider.
