British Virgin Islands

Company in the British Virgin Islands

Our firm offers company formation services in the British Virgin Islands (BVI).

If you need a legal entity in a tax-free jurisdiction, where the information about the owner is securely hidden, but at the same time, the possibilities of working with banks and processing payments are not difficult, then your choice is a company in the British Virgin Islands. Our specialists will qualitatively and promptly carry out the necessary measures for its opening:

• Consultations on opening companies in the BVI
• Preparation of documents for company registration
• Conclusion of agreements with nominee directors and shareholders
• Registration of a registered office in the capital of the state, Road Town
• Opening a company account and personal accounts for the owner in an offshore bank
• Full cycle of postal and secretarial services
• All other actions necessary for registering a company in the BVI

If you wish, after the completion of the registration procedure, our company is ready to assist in managing your business, acting as a management company, as well as provide the technical and legal aspects of processing services for accepting payments on your website.

In addition, we always have ready-made companies in the BVI of various ages, which you can purchase from us at any time. At the same time, the procedure for re-registration of documents takes no more than an hour.

British Virgin Islands (BVI)

The British Virgin Islands (BVI) is a British Overseas Territory. The country has been self-governing since 1967. It has one of the most stable economies in the Caribbean. About 41% of the total number of offshore companies in the world are registered here.

Today, you can register an offshore company in the BVI within a few working days. The British Virgin Islands is one of the oldest offshore jurisdictions. It was this state that was the first to adopt the International Business Act, which regulates the activities of foreign businesses.

Reasons to choose an offshore company in the BVI:

1. Maximum level of confidentiality (there is no register of shareholders)
2. Zero taxation for organisations operating outside the BVI
3. No reporting and accounting requirements
4. No need to pay up share capital *

* The requirement to pay up the authorised capital may be imposed by a court decision in the event of bankruptcy or the presence of external liabilities. However, due to the lack of a register of shareholders, such cases are isolated, in the entire history of offshore.

The British Virgin Islands is a country with a fairly developed economy, based on the tourism and financial sectors. The official currency of the Islands is the US dollar. There are no restrictions on conversion or currency transfers to and from the country.

About 50% of all government revenues come from companies registered in the BVI. Therefore, the legislation governing commercial activities is constantly being improved.

In June 2011, the BVI signed agreements with 23 countries on the exchange of tax information, which allowed the jurisdiction to return to the “white list of offshore”, compiled by the Organization for Economic Co-operation and Development (OECD).

For companies operating outside the BVI, the following taxes are absent:

• Corporation Tax
• Income Tax
• Sales Tax
• VAT

For all these reasons, offshore companies in the British Virgin Islands are very popular. And to date, about 650,000 firms have been registered in the jurisdiction.

BVI Company Formation

A BVI company only requires one shareholder who, if a resident of the Islands, may also be a director. In addition, these functions can be performed by legal entities.
Due to the absence of a shareholders’ register, registration in the British Virgin Islands can be carried out remotely without the personal presence of beneficiaries.
Information for those wishing to register a company in the British Virgin Islands:

Offshore in BVI. Registration procedure

Registration in the BVI is carried out if the following documents are available:

• Unique company name
• Names and addresses of directors and shareholders
• Copies of passports (internal and foreign) of directors and shareholders
• Distribution of shares between shareholders
• Memorandum of association

Terms of registration of an offshore company in the BVI:

• Articles of association
• 1-3 working days – notarization and apostilling of documents
• 1-2 working days – checking the uniqueness of the name and the authenticity of the documents in the register
• 3-5 working days – delivery of company documents to the client

If you have come to the conclusion that an offshore company in the BVI is suitable for your business or for accepting payments on your website, please use our service. We will undertake the procedure for registering a company in the BVI. Our specialists will prepare documents, translate them into English and certify them with an apostille. You can ask our consultants any questions related to the specifics of the jurisdiction and company registration.