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British Virgin Islands (BVI)

The British Virgin Islands are by far the most popular offshore jurisdiction in the world with over 450.000 companies registered, they are also one of our top four recommended offshore locations along with the Seychelles, Belize and Delaware. The BVI comprises of a group of islands in the Caribbean Sea about 50 miles (80 km) east of Puerto Rico.

The BVI Business Companies Act (No 16 of 2004) is the statute of the British Virgin Islands relating to the formation of all companies this guarantees no Government Fees or Taxes on BVI IBC companies other than the annual license and agent fees. It is very important that these fee are paid punctually each year because whereas some jurisdictions simply levy increasing penalties for several years in the BVI failure to pay the license fees by the due date results not just in penalties but even worse if the fees remain outstanding for five months the company will be struck off the register.

Confidentiality

First class confidentiality is one of the key benefits of forming a company in the British Virgin Islands. The BVI International Business Companies Act encompasses strict confidentiality provisions.

Key examples of these provisions are:
Suffixes to Denote Limited Liability

Corporation, Limited, Incorporated, Société Anonyme, Sociedad Anónima or their relevant abbreviations, Corp, Ltd, Inc, SA , etc.

Local Corporate Requirements
Each BVI Company must: There are no requirements for:
Incorporation Charges

Incorporation Fee: $1550.00
Annual Fees in year two onwards: $1225.00*# 

#Due 1st January for companies incorporated between 1st January and 30th June.

#Due 1st July for companies incorporated between 1st July and 31st December

* For a company with authorized capital of US$ 50,000 or less. The annual license fees increase incrementally if the authorized capital exceeds US$ 50,000

If you prefer us to form a company in your choice of name, it will take between 10 and 14 days for the company kit and the statutory documents to arrive. We recommend you select two or three alternative names in case the first choice is unavailable.

What you will receive with your offshore company formation:

UK / Ireland020 7175 0041
(International +44 20 7175 0041)
US / Canada1 954 866 5986
(INTERNATIONAL +1 954 866 5986)
Australia and New Zealand+61 2 9191 7472
(INTERNATIONAL +61 2 9191 7472)
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