The British Virgin Islands (BVI) is a member of the British Commonwealth and self-governing in 1967. Since introducing its International Business Company (IBC) legislation in 1984 enhanced the jurisdiction’s popularity. Flexibility has been a critical factor in explaining this phenomenal success.

The BVI has established a solid international presence and enjoys a reputation for cutting-edge, progressive and user-friendly legislation with quality services.

BVI Company – Features and Benefits

Benefits

  • No taxes levied on Business Companies
  • Exempt from exchange controls
  • Privacy and asset protection
  • Privacy of identity for principals

Key Corporate Features

General Information

  • Political Stability

Good

  • Type of Company

IBC (International Business Company)

  • Legal System

Common Law

Corporate Requirement

  • Minimum Number of Shareholders

1

  • Minimum Number of Directors

1

  • Registered Address

Yes

  • Company Secretary

Optional

Other

  • Standard Authorised Capital

50,000 shares

  • Corporate Tax

No

  • Filing of Annual Return

No

  • BVI Shelf-companies

Available

Public Disclosure

  • Beneficiary Owner(s)

No

  • Filings Shareholder(s)

Optional

  • Filings Director(s)

Optional

Formation Requirement

  • Company Name
  • Either English name or Chinese name; or
  • Both English and Chinese name.
  • Shareholder(s) and Director(s)

 

  • No nationality restriction;
  • Minimum one shareholder and one director (can be same entity);
  • Corporate shareholder and director is acceptable; and
  • A copy of passport and residential address proof are required for company registration.

 

  • Company Secretary and Registered Address

 

  • A registered address is required in BVI (included in our service package and annual renewal fee);
  • Client should maintain an alternative address for operation and correspondence; and
  • Company secretary is optional under BVI regulation.

 

  • Capital Requirement

 

  • Minimum 1 share to be issued (equivalent to USD1);
  • Par value per share are normally USD1; and
  • Standard number of shares is 50,000 shares (additional setup and renewal fee applies if exceed 50,000 shares).