BVI Company Formation- British Virgin Islands Company Formation-Company Formation, offshore company formation, offshore company, limited company
British Virgin Islands Company Formation (BVI) -Offshore Company Formation
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- CRS: Common Reporting Standard- Automatic Exchange of Financial Account Information
Company Formation BVI
| Official Name: | British Virgin Islands or (B.V.I) |
| Capital: | Road Town, Tortola |
| Status/Affiliation: | British Dependent Territory |
| Citizenship: | British Virgin Islander |
| Official Language: | English |
| BVI Currency: | US Dollar |
| BVI Time Zone: | EST (summer), EST+1 hr (winter), GMT-4 in summer & GMT-5 (winter) Daylight Saving Time is not observed |
| BVI Main Industries: | Tourism, Yacht Charters & Offshore Financial Services |
| Official Flag: | Union Jack |
| National Bird: | Humming Bird |
| National flower: | Oleandor |
| Population: | 21,730 |
| Head of State: | Queen ElizabethII (England or UK) |
| Head of Government: | Chief Minister Hon. Dr. Orlando Smith |
| Governor: | Thomas Macan |
| Factor | Description |
|---|---|
| Corporate tax Offshore Companies | None |
| language of documents | English |
| Operational objects | No requirement to specify |
| Authorized capital | Not required as a concept |
| Minimum paid-up capital | No specific requirements |
| Considerations to the capital | In any currency or in kind |
| Most effective number of shares (maximum amount at minimum state fee) | 50,000 shares (with or without par value) |
| Bearer shares | Yes (but to be held by a custodian only) |
| Registered Agent in BVI | Required |
| Registered Address in BVI | Required |
| Minimum number of directors | One |
| Non-resident directors | Allowed |
| Corporate directors | Allowed |
| Register of Directors | To be kept by the Registered Agent |
| Register of Directors filed for public record | No, but may choose to do so |
| Minimum number of Members (shareholders) | One |
| Register of Members | To be kept by the Registered Agent |
| Register of Members filed for public record | No |
| Holding of Annual General Meeting | Not required |
| Convention of Meetings of Directors / Members | Anywhere in the world, also by proxy |
| Corporate Seal | Mandatory |
| Imprint of Corporate Seal | To be kept by the Registered Agent |
| Corporate Minutes and Resolutions | To be kept by the Registered Agent |
| Disclosure of beneficial owners to Registrar | No |
| Disclosure of beneficial owners to Agent | Yes (confidential due diligence) |
| Keeping of accountst | Internally, only to enable a reasonably accurate determination of financial position |
| Auditing of accounts | Not required |
| Filing of accounts | Not required |
| Double-tax avoidance treaties | Switzerland, Japan |
| Currency controls / restrictions | None |
| Available special types of company | Restricted purpose company Segregated portfolio company |
| Redomicile a foreign company into BVI | Yes |
| Redomicile a BVI company abroad | Yes |
Services provided by our Law Firm – or our Partner Network:
- Formation of the company, Apostille, upon request certified translation of the formation documents
- Certificate of Incorporation: The certificate of incorporation is an official document that confirms the name of a registered company, as well as the registration number.
- Certificate of Good Standing
- Ranging from Registered Office to maintaining a business office
- Upon request: Nominee Director (attorney acts as a trustee and acts as the Director of the company during the formation phase) and / or Nominee Shareholder (natural person or legal entity – Law firm acts as a trustee in the form of the shareholder of the company)
- Upon request: Permanent Nominee Director (Attorney acts as trustee in the capacity of Director of the company during the entire term of the agreement)