dismiss-alert
header-area-background-wrapper
site-banner
center-left-menu
center-right-menu
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

Learn More
 
 
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


BVI continues to introduce positive regulatory developments

19 March 2017
There have been number of positive developments for the funds industry in the BVI. One is the creation of an AIFMD opt-in regime for the BVI, called the Securities and Investment Business (AIFMD) Regulations, as the BVI looks to seek approval from the European regulator, ESMA, for third country equivalence and introduces into the BVI an AIFMD equivalent regime. [..]
Continue reading

BVI Focused On Attracting Businesses with 'Substance'

25 October 2016
The British Virgin Islands is to adopt a new investment policy intended to encourage companies to establish operations with substance on the islands.[..]
Continue reading

BVI To Become A World-Leading Finance Center, Says Governor

27 September 2016
John Duncan, the Governor of the British Virgin Islands (the UK-appointed representative to the islands), has said the territory is poised to become one of the best regulated financial services jurisdictions in the world. Duncan said this is as a result of a measured response to international regulatory challenges [..]
Continue reading
* 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
21-Feb-2014
I am very pleased with the service which SFM has provided me. The process was efficient, straight forward, and quick. I have used various corporate service providers in the past and after using SFM, it has taken the number one spot. Everybody who were involved in setting up the company have been very helpful and accommodating. I will definitely be using SFM for any future business.
21-Feb-2014
Site clair et précis
Tarif transparent
Service et écoute excellent
rapidité d'exécution
Sérieux
courtoisie
20-Feb-2014
I am very happy with the way SFM operates. I came to them in order to have a new company incorporated. They have advised me about the best options available and were able to set up the company within a couple of days. I also paid for a bank account with that company and they were very helpful in that regard as well. They set up the meetings with the bank and I was able to go there in person and sort everything out much faster than normal. All in all, I would recommend SFM if you want to have a new company incorporated.
20-Feb-2014
SFM offered us very stable ,reliable and professional service that we highly recommend to anyone interested to open a company online. We were aware that establishing your business online without face to face communication has many disadvantages,but cooperating with SFM for that matter made us completely relaxed and secure that everything is being handled in most professional and reliable manner.
Moreover, the guidance of the staff,their constant support and kindness made the process very easy,so that they swiftly managed to establish our business that we still run today successfully.
We still use SFM services for all that we need as we progress in our business and we would not change SFM for anything!!!
Our sincere gratitude to SFM for being our best online business service !
19-Feb-2014
SFM is very professional and quickly, I used them for 3 times and for sure I will use again in the future. The office people are always available also during no working time
19-Feb-2014
Just collected all the incorporation documents form now.

Am pleased with the professional, efficient, reliable service of SFM; my contact at SFM,"christophe Morocco's" I really appreciate your patience & constant support to get everything done.

Thank you Christophe, thank you SFM.

Fekadu Alemu
SadofAleph Inc.
1 ... 54 55 56 57
Stars