BVI Offshore Company
(British Virgin Islands)
- Register your Company in BVI in 2-3 days. *
- Client confidentiality protection via secured systems.
- Your company and its application for a bank account, including eBanking and credit card. Opening by correspondence.
- A dedicated manager is available throughout the year to administer your company.
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.
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), as well as a certified copy of a proof of domicile dated less than 3 months , a bank reference letter. All in original.**
BVI Company, ideal for:
British Virgin Islands Offshore Company Formation
British Virgin Islands Jurisdiction News
ITA Audit for the British Virgin Islands
26 October 2021
In 2018, the Economic Substance (Companies and Limited Partnerships) Act came into effect. Recently, the deadline for the first filings passed for the BVI Tax Authority. They are now expected to commence targeted requests for audits to entities requesting verification of relevant activities[..]
Top 4 best offshore bank account jurisdictions
25 May 2021
When it comes to setting up a business there are lots of things you need to consider, including choosing the right banking jurisdiction[..]
Benefits of using BVI structures
11 November 2020
The British Virgin Islands (“BVI”) is the most [..]
* 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
Overall Rating
96%
Customer satisfaction rate, testimonials verified by Feefo.com
12-Jan-2015
The services of SFM offshore where very satisfactory. I have used their service to set up acompany in the Seychelle and its bank account in Mauritius .SFM has always been very proactive and opened both my company and bank accounts in acceptable deadlines. I can only recommend to work with them because they have always been fair, polite and responsive and most importantly, delivered what I paid for.
Sassan Alizadeh, Stockholm.
The services of SFM offshore where very satisfactory. I have used their service to set up acompany in the Seychelle and its bank account in Mauritius .SFM has always been very proactive and opened both my company and bank accounts in acceptable deadlines. I can only recommend to work with them because they have always been fair, polite and responsive and most importantly, delivered what I paid for.
Sassan Alizadeh, Stockholm.
12-Jan-2015
Excellent choice
Excellent choice
12-Jan-2015
When I initially took on SFM, I though the process would take 2-3 days, this was quoted in their website for registration in BVI. I started the ball rolling on the 15th of April and it is only recently that I have been told the Registration is complete. A lot of this due to my working abroad and my wife also being a director, which has delayed document signings and submission.
There was a lot of documentation to sign and provide. When I thought it was all done I was presented with more paper work. I find it very hard to believe that to form a company in a few days is possible in the best of circumstance.
However my company is now formed and I have a bank account with a bank recommended by SFM. They leave quite a bit to be desired, but then that is internet banking.
I think your selection of 4 catagories is not good as I would not say they were 'Poor' but I would also not describe them as 'Good' either. A ranking of 1 -10 would be a farer way of evaluation simplistically, in that case I would give them a 6 out of 10
When I initially took on SFM, I though the process would take 2-3 days, this was quoted in their website for registration in BVI. I started the ball rolling on the 15th of April and it is only recently that I have been told the Registration is complete. A lot of this due to my working abroad and my wife also being a director, which has delayed document signings and submission.
There was a lot of documentation to sign and provide. When I thought it was all done I was presented with more paper work. I find it very hard to believe that to form a company in a few days is possible in the best of circumstance.
However my company is now formed and I have a bank account with a bank recommended by SFM. They leave quite a bit to be desired, but then that is internet banking.
I think your selection of 4 catagories is not good as I would not say they were 'Poor' but I would also not describe them as 'Good' either. A ranking of 1 -10 would be a farer way of evaluation simplistically, in that case I would give them a 6 out of 10
14-Dec-2014
The offshore registration transaction was pretty straight forward. What should have been a similarly simple follow up bank account setup became a convoluted process bogged down by compliance red tap. SFM persevered through months of paper work to get the job done. Really quite impressed.
The offshore registration transaction was pretty straight forward. What should have been a similarly simple follow up bank account setup became a convoluted process bogged down by compliance red tap. SFM persevered through months of paper work to get the job done. Really quite impressed.
03-Dec-2014
They are very professional and efficient I can recommend them to foreign professionals.
They are very professional and efficient I can recommend them to foreign professionals.
11-Nov-2014
Tout s'est bien déroulé avec SFM. Ma société et mon compte ont été ouverts dans les délais annoncées sur leur site et mon interlocuteur a toujours été dispo donc AAA. merci.
Tout s'est bien déroulé avec SFM. Ma société et mon compte ont été ouverts dans les délais annoncées sur leur site et mon interlocuteur a toujours été dispo donc AAA. merci.
