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

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
Head of State:Queen ElizabethII (England or UK)
Head of Government:Chief Minister Hon. Dr. Orlando Smith
Governor:Thomas Macan
Corporate tax Offshore CompaniesNone
language of documentsEnglish
Operational objectsNo requirement to specify
Authorized capitalNot required as a concept
Minimum paid-up capitalNo specific requirements
Considerations to the capitalIn 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 sharesYes (but to be held by a custodian only)
Registered Agent in BVIRequired
Registered Address in BVIRequired
Minimum number of directorsOne
Non-resident directorsAllowed
Corporate directorsAllowed
Register of DirectorsTo be kept by the Registered Agent
Register of Directors filed for public recordNo, but may choose to do so
Minimum number of Members (shareholders)One
Register of MembersTo be kept by the Registered Agent
Register of Members filed for public recordNo
Holding of Annual General MeetingNot required
Convention of Meetings of Directors / MembersAnywhere in the world, also by proxy
Corporate SealMandatory
Imprint of Corporate SealTo be kept by the Registered Agent
Corporate Minutes and ResolutionsTo be kept by the Registered Agent
Disclosure of beneficial owners to RegistrarNo
Disclosure of beneficial owners to AgentYes (confidential due diligence)
Keeping of accountstInternally, only to enable a reasonably accurate determination of financial position
Auditing of accountsNot required
Filing of accountsNot required
Double-tax avoidance treatiesSwitzerland, Japan
Currency controls / restrictionsNone
Available special types of companyRestricted purpose company
Segregated portfolio company
Redomicile a foreign company into BVIYes
Redomicile a BVI company abroadYes

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)