BVI Company Formation

BVI company formation allows international entrepreneurs to conduct international business while legitimately minimising international taxation. The following information will help you decide whether BVI company formation is the optimum corporate structure to fulfill your international business objectives:

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FEES SCHEDULE

Year 1 incorporation US$1,900 *

Annual fees from Year 2 US$1,100 *

Nominee director fee
US$1,800 **

Company de-registration
US$1,450

* Includes government licence fees, registered office for 12 months, Company secretary fees for 12 months

**Excludes US$1,100 refundable deposit.

Advantages of BVI Company Formation

BVI company formation is one of the most flexible offshore corporate structures available to international business people.

BVI company formation is cost-effective and simple. There are no minimum capital requirements for BVI company formation.

BVI company formation is an excellent way for entrepreneurs to legitimately book tax-exempt international profits.

A minimum of one director and one shareholder is required for BVI company formation. Corporate shareholders are permitted, and shareholders and directors can be of any nationality.

Following BVI company formation, there are minimal maintenance requirements. A BVI company is not required to submit annual financial statements or tax returns to BVI authorities.

Healy Consultants can open corporate bank accounts around the world to support BVI company formation. Healy Consultants works with internationally-recognised banks such as HSBC, Standard Chartered and Citibank.

BVI was recently added to the OECD white list after i) complying with various OECD guidelines and ii) signing 16 TIEAs –tax information exchange agreements. Could this action improve the tax haven image of the BVI?

Disadvantages of BVI Company Formation

Following BVI company formation, the entity is not permitted own property or trade in the BVI.

Certain activities to be undertaken by a BVI company require a license e.g. banking, insurance, trust management or investment advice services. For more information on BVI Company regulations, kindly visit the British Virgin Islands Financial Services Commission.

Considerations for Offshore Company Formation

Offshore companies can be an excellent, tax-efficient vehicle for entrepreneurs to manage their international business. When selecting an offshore jurisdiction, it is important to evaluate variables such as i) its international reputation for conducting business, ii) legalities that govern investor activity iii) the stability of its economy iv) the political stability of the market.

While offshore corporations can have the significant advantage of legitimately minimising tax obligations, there can also be the disadvantage of carrying the tax haven stigma associated with some jurisdictions. More information on Healy Consultants offshore company services can be found on the following pages:

Offshore company incorporation

ii)

Offshore company set up

iii)

Offshore Company registration

iv)

Offshore Tax Planning

Investing Offshore

Contact Us

For more information on BVI company formation, email email@healyconsultants.com or telephone us at (+65) 6735 0120.

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