British Virgin Islands Business Company
(BVI BC)

Our company specializes in the incorporation of Business Companies in the British Virgin Islands (BVI). We have a reputable and licensed BVI Registered Agent who handles all the necessary services for our clients in the BVI jurisdiction. With our expertise and experience, we ensure a smooth and efficient process for incorporating BVI Business Companies

What is a Business Company?

A BVI Business Company (BC) is a private company that is incorporated for various business activities such as investments, trading, or holding assets. It is commonly established in an international jurisdiction that is different from the country of residence. A BVI BC typically consists of Directors, Officers, and Shareholders.

When registering a BVI BC, it is important to note that the corporate name of the company must end with specific endings such as "Limited", "Incorporated", "Corporation", "Sociedad Anonima" or their corresponding abbreviations: "Ltd.", "Inc.", "Corp.", "S.A."

What are the advantages of a BVI BC?

A BVI Business Company (BC) offers several advantages that make it an attractive option for international businesses and individuals. Some of these advantages include:

• Inexpensive Annual Renewal Fees: The annual renewal fees for a BVI BC are generally affordable, making it cost-effective to maintain the company's legal status and good standing.
• No Minimum Capital Requirement: BVI BCs do not have a minimum capital requirement. This flexibility allows businesses to structure their capital in a way that best suits their needs without being constrained by a specified minimum amount.
• Remote Incorporation: The incorporation process for a BVI BC can be completed remotely, meaning it is not necessary to physically visit the jurisdiction to establish the company.

What is the legislation of BVI BC?

As of January 1, 2007, the British Virgin Islands Business Companies Act 2004 became the sole legislation governing business companies in the jurisdiction. This Act brought about significant changes, including the elimination of the distinction between "offshore" and "onshore" legal entities. Furthermore, the term "International Business Company (IBC)" was replaced with "Business Company (BC)".

With these changes, there are no longer restrictions on conducting business within the British Virgin Islands (BVI). BVI BCs are now permitted to engage in business activities with BVI residents and are also allowed to purchase real estate property in the BVI.

To address concerns raised by the European Union (EU) and the Organization for Economic Co-operation and Development (OECD) regarding tax systems, the Economic Substance Companies and Limited Partnership Act 2018 ("ES Act") was enacted in the BVI. This Act aims to ensure that companies in the jurisdiction maintain economic substance and adhere to the required standards.

These legislative changes demonstrate the BVI's commitment to meeting international standards and promoting transparency and compliance in its business environment.

Do I get a registered agent and office address when incorporating a BVI BC?

Yes, when you incorporate a BVI Business Company (BC) with our company, you will receive both a registered agent and a registered office address in the BVI. These services are included in our packages to ensure your company meets the requirements for incorporation.

Additionally, we offer BVI mail forwarding services, also known as a virtual office address. This service allows you to receive mail and packages at our BVI address, which can then be forwarded to you.

Can one person/entity be appointed as director, officers and shareholder?

Yes, you have the flexibility to appoint any individual or legal entity as the director and officers of the company. It is possible for one individual or legal entity to hold all positions, such as director and officer, or you can have multiple individuals or entities appointed to these roles. The minimum requirement is to have at least one director, and the maximum allowed is ten directors.

As for the shareholders, they can be any individual or legal entity of your choice. BVI requires a minimum of one shareholder, and the issuance of at least one share with a nominal value of US$1.00.

If you prefer an added layer of privacy and confidentiality, our company offers nominee services. This allows you to maintain confidentiality regarding the true beneficial owners of the company

What is the authorized capital for a BVI BC?

The standard authorized capital for a BVI company is typically set at 50,000 shares of a single class, each with a par value of US$1.00. This is the default configuration, but it can be adjusted based on your specific requirements. If you intend to issue more than 50,000 shares, we can provide you with a customized quote to accommodate your needs.

It's important to note that you are not obligated to issue all the authorized shares at the time of incorporation. The BVI BC regulations only require a minimum of one share to be issued initially. This gives you the flexibility to issue additional shares as needed in the future.

Furthermore, the shares can be issued with or without a par value. If you choose to issue shares without a par value, their value will be determined by the market or internal valuation. This provides additional flexibility in the pricing and allocation of shares within your company.

Is information regarding directors, officers and shareholders private?

Information regarding the directors is filed with the registry; however, this information is not accessible to the general public.

Information about shareholders is not filed with the registry directly. Instead, it is maintained by the registered agent, ensuring that details about shareholders are not publicly available.

It's important to note that information about beneficial owners is filed on the Beneficial Ownership Secure Search System (BOSS System). However, access to this information is restricted to BVI law authorities and can be requested by the UK authorities.

To provide an extra level of privacy for our clients, our company offers nominee services. These services allow clients to appoint nominees who act as directors or shareholders, adding an additional layer of confidentiality and privacy.

Are there requirements for accounting and auditing?

Owners of a BVI company are required to provide the address where accounting records are stored; records may be kept in any country.

The BVI Business Companies Act has undergone recent amendments, now requiring the submission of an annual return/financial statement on a yearly basis. The designated timeframe for filing Annual Returns spans 9 months, from January 1 to September 30, covering the financial year preceding this period, which runs from January 1 to December 31.

Are there requirements for annual meetings?

For BVI BC’s that fall under the scope of the economic substance requirements but are not considered foreign tax residents, there is a requirement to claim tax residency in BVI. As a result, these companies are expected to hold an adequate number of meetings. The specific number of annual meetings required for such companies will depend on their individual circumstances and the nature of their business activities.

How long does it take to incorporate a BVI BC?

The process of incorporating a BVI BC typically takes 2 to 3 business days. After the incorporation process is completed, there is an additional time frame of 5 to 7 business days to prepare all the internal documents.

Once all the documents are ready for shipment, we will provide scanned copies via email prior to couriering the documents to you.

Do you have shelf companies available?

Yes, we offer a selection of shelf companies that are available immediately for purchase. These shelf companies do not have any prior owners, business operations, or financial transactions associated with them.

In addition, we provide the option to obtain a set of apostille corporate documents for your shelf company. These documents typically take around 2 to 3 business days to complete.

For more information about our available shelf companies and the process of obtaining apostille corporate documents, we kindly ask you to contact our office.