BVI Company

Form a BVI Company for £725 and annual fee thereafter from £599

Business Companies established in the British Virgin Islands (BVI) are extremely flexible vehicles which can carry out many different trades without the need for a license.

The cost for the incorporation of a BVI Business Company and its annual running cost is quite low in comparison to other jurisdictions. Furthermore, there are minimal requirements to file information about the owners and officers of a    BVI Company at the registry and therefore it is very difficult to establish the identity of the real owner of a BVI offshore company.

The British Virgin Islands (BVI) is located in the Caribbean and a UK Dependent Territory and the world's biggest incorporator of offshore companies called Business Companies (BC’s, formerly known as IBC’s) . This is due to several factors: There is no requirement to file any information with the authorities. There are no requirements to prepare annual financial statements or audit accounts. BVI offshore companies do not pay any Corporation, capital gains, or inheritance taxes.

BVI Company Compliance

The officers and shareholders of a BVI Company are required to be recorded by the Registered Agent but no information is available on the public record at The Registry of Corporate affairs (Companies House).  No BVI annual return is required to filed every year. There is a requirement for a BVI Company to prepare accounts but there is no requirement to file at The Registry of Corporate affairs. A Resident BVI company is required to file audited accounts. A Corporate Director is permitted to be a director of a BVI company. For most of our clients Keylink Consultancy provides a Corporate Company Director, Secretary and a Shareholder service (nominees). This adds a layer of protection to assist that the identity of the beneficial owners of a BVI Company remain confidential and to provide independent management.

BVI Company Taxation

BVI companies are exempt from Corporation Tax, Capital Gains Tax, Withholding Tax and its owners from any Inheritance tax or Wealth taxes. Furthermore there is no Stamp Duty or estate taxes to pay on property transactions outside the BVI.

BVI Company Structure

BVI Company Law is based on English Common law and the new Business Companies Act does not distinguish between BVI Companies operating within the BVI or those that carry out business internationally.

BVI Company Formation

Keylink Consultancy can carry out a quick name check for you and initiate incorporation the same day or next day. Normal Incorporation takes two to three days.

BVI Nominee Director, Shareholder and Secretary Services

Unlike most other on-line Formation Agents, Saveontax provides professional Nominee Corporate Director, Shareholder and Secretary Services.  As an Associate of an International Accountancy Firm, we guarantee that your BVI Company will be properly formed and delivered to you, managed professionally and comply with local legislative requirements, for the price quoted.

BVI Company names

Sensitive words such as Royal, Bank need special permission from The Registry of Corporate Affairs in the BVI.

Would you rather prefer a European company? Find out about our special rates for forming a Gibraltar Company.

Type of entity Business Company
Type of law Common
Our time to establish a new company 2 days
Minimum government fees (excluding taxation) $350
Corporate Taxation 0%
Double taxation treaty access No
Standard currency US$
Permitted currencies Any
Minimum issued $1.00
Usual authorised $50,000
Minimum number 1
Local required No
Corporate Directors permitted Yes
Publicly accessible records No
Location of meetings Anywhere
Minimum number 1
Publicly accessible records No
Location of meetings Anywhere
Required Optional
Local or qualified No
Local Resident Agent Yes
Requirement to prepare Yes
Audit requirements No
Local auditor No
Requirement to file accounts No
Publicly accessible accounts No
Requirement to file annual return No
Change in domicile permitted Yes

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