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20% Discount
As part of SFM’s continued support to businesses affected by COVID-19, we are offering an exclusive 20% discount to all new BVI company incorporations. Discount is effective until 31 December 2021. Please consult our price page for more details.

BVI Offshore Company
(British Virgin Islands)

More Information
Steps to company formation - 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.
 
 

Banking Options

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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
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.
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.**






British Virgin Islands Offshore Company Formation


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 Jurisdiction News


Increase In Offshore Companies Seeking Safer Havens

25 February 2020
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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
11-Sep-2014
Overall I considered the service very good and if I need to create another off-shore company I will use SFM services again.
The only small glitch was that the company was created with only one share of one dollar value. As I needed a higher capital that took some extra time and extra money. But it was a particular situation related to my personal needs.
11-Sep-2014
It is good and easy to work with SFM team as you can always get in touch with them when there is an issue or questions. I also visited their office for twice, it is a serious company with a professional team. Thanks to Ms. Zehra as she is handling my account since the beginning.
10-Sep-2014
Trust, honesty and clarity have been from the first time the process with SFM especially with Mrs.Rita your professionalism and assistance have been key.
09-Sep-2014
Very good job. Since the begining everything was well and clear.
09-Sep-2014
Timely and according to what was agreed. The office in Dubai communicates excellent and its a pleasure to work with them.
09-Sep-2014
I am satisfied with the services provided by SFM Offshore. I think however that the services could be improved by better advice on the choice of the country where to locate your company.
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