British Virgin Islands Offshore Company Formation Service

BVI Feature Image

The British Virgin Islands (BVI) enjoys 0% taxation, no auditing and no paid up capital requirement.

Offshore company formation and corporate structures make up a large part of the BVI economy, making it a popular and useful jurisdiction to consider. While it used to be considered a haven for the wealthy to shelter from unwanted taxes, by signing the Multilateral Convention on Mutual Assistance in Tax Matters in June 2013 the BVI is trying to shake this reputation. The country is still a viable option for legitimate tax planning solutions.


Key Features

Company type International Business Company (IBC)
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.
Confidentiality The BVI offers a high level of anonymity and privacy. No officer name is disclosed to the registrar upon company registration.
Accounting requirement No accounting / reporting requirements. Note: 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.
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.
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.

Banking Options for BVI

We assist our clients in identifying the best banking solution for their particular needs from a variety of providers.



BVI is Recommended For

Real Estate Holdings
Traders and Investors
Advisers, Consultants and Counselors
Electronic Commerce and Digital Transactions
Business Holdings
Inheritance and Estate Planning
Expatriats and Offshore Workers