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BVI Offshore Company Registration – Business Setup
(British Virgin Islands)

More Information

5 simple steps are needed to register an offshore company in the BVI

 
 
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.
 
 

Banking Options

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British Virgin Islands Offshore Company Formation

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 of a BVI Offshore Company

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
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.
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 Certification of a passport can be made by a notary, an attorney-at-law, a bank, a public officer, or in accordance with SFM indications. Kindly consult your dedicated account manager at SFM to obtain precise information. of your passport (specific wording required), a certified copy of proof of domicile dated less than three months (specific wording required), a curriculum vitae, an original bank reference letter dated less than three months, as well as last 3 months' bank statement. All in original.**






Frequently Asked Questions

Offshore Company Formation in BVI

  • Is it legal for me to setup an offshore company in the BVI ?

    Absolutely, offshore companie formed in the British Virgin Island are perfectly legal, are recognized internationally and are able to open bank accounts.
  • Is a BVI Offshore Company tax liable?

    No, Offshore companies formed in the BVI are exempt from any form of taxation and withholding taxes in the BVI

    While a company may not be subject to tax reporting to its local authorities, you should consult with your own tax, legal or accounting advisor to determine whether you are subject to tax in any other jurisdiction including the jurisdiction in which you are a tax.
  • What type of company do you register in the BVI?

    The type of companies that we form in the BVI are known as Business Company (BC), commonly known as offshore companies.
  • How many directors and shareholders should I appoint on my BVI BC?

    A minimum of 1 director and 1 shareholder should be appointed on a Seychelles International Business Company.
  •  
  • Do I need to submit accounting records for a company in the BVI?

    No, there are no accounting requirements. However under 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.
  • Will my name be public once I setup a BVI company?

    No, There is no public register of company officers in the British Virgin Islands.
  • Do I need to deposit the paid up capital for a BVI company?

    There is no paid up capital requirement. The standard share capital is USD 50,000 but can be amended to fit your requirements.
  • Are bearer shares allowed in the BVI?

    No, bearer shares are not allowed in the BVI and tend to disappear from most jurisdicitons.


British Virgin Islands Offshore Jurisdiction News


Increase In Offshore Companies Seeking Safer Havens

25 February 2020
2019 was a volatile year – Hong Kong protests[..]
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The Most Popular Jurisdictions To Open A Company

12 February 2020
Choosing an offshore jurisdiction to form your company and can be a complicated and confusing process. There ..
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Good news for 11 Low-Tax Jurisdictions

5 August 2019
In good news on global tax changes in July, OECD released its latest report on Harmful Tax Practices and found few causes for concern. It found that 11 of the 12 countries present on the low-tax jurisdiction list have now complied with its “substantial activity” legislation. [..]
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* 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.

Our Client Reviews

Our Testimonials Are Verified By Feefo, A Third Party Company

4.7 out of 5 stars customer rating
Overall Rating
96% Customer satisfaction rate, testimonials verified by Feefo.com
16-Jun-2015
Everything went well with SFM and I can only recommend them. Fast communication. bank account took 10 days to open and waiting for my credit card. Roger, Paris
20-May-2015
I had dealt with the SFM Dubai office where the account officer (Mr. Owiss Refaat) handled my case with utmost professionalism and assistance, plus he was a very pleasant and polite person when I actually met him a few days ago.
17-Apr-2015
All went good from A to Z. Thank you SFM
16-Apr-2015
good services, little lengthy response time...
31-Mar-2015
Excellent service and impressive availibity of all SFM staff . Our company was incorporated in just few days. SFM is a real leader in its field of expertise !
To be strongly recommended.
Antonio.
25-Mar-2015
Very professional and delivered as promised. I would definitely recommend them to a friend.
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