BVI company registration

DOING BUSINESS IN BVI IN 2018

For over a decade, Healy Consultants Group PLC has been efficiently and effectively assisting our Clients with i) BVI company registration ii) business banking solutions and iii) accounting and tax compliance services.

Summary table of BVI company registration

SummaryInternational business companyHolding companyFundLimited partnershipTrust
Also known asBVI business companyParent companyIncubator hedge fundPartnershipDiscretionary trust
Best use of company?All products and servicesHolding and managing assetsAsset managementProfessional servicesTax planning
How soon can you invoice local Clients/sign sales contracts?2 weeks2 weeks4 monthsCannot trade locallyCannot trade
How soon can you invoice international Clients/sign sales contracts?2 weeks2 weeks4 months2 weeksCannot trade
How soon can you hire staff?2 weeks2 weeks2 weeks2 weeksCannot hire
How soon can you sign a lease agreement?1 week1 week1 week1 week1 week
How long to supply corporate bank account numbers?6 weeks6 weeks6 months6 weeks6 weeks
How long to supply company registration/tax numbers?2 weeks2 weeks2 weeks2 weeks2 weeks
Corporate tax rate on annual net profits?0%0%0%NoneCannot trade
Limited liability entity?YesYesYesYesNo
Government grants available?YesYesYesYesNo
Government approval required for foreign owners?NoNoNoNoNo
Resident director/partner/manager/legal representative required?NoNoYesNoNo
Local registered agent required?YesYesYesYesYes
Minimum paid up share capital?US$1US$1US$20,000US$1US$1
Can bid for Government contracts?YesYesYesYesNo
Corporate bank account location?First BankFirst Caribbean International BankVP BankBanco Popular de Puerto RicoBank of Asia
Can secure trade finance?YesYesYesYesNo
Average total business set up engagement costs?Request a proposalRequest a proposalUS$26,800Request a proposalRequest a proposal
Average total engagement period?2 months2 months6 months2 months2 months

BVI company registration summary

Main documents required

Steps to register your company in the British Virgin Islands

  1. Prepare documents and forms for incorporation;
  2. Reserve company name at the Registry of Corporate Affairs;
  3. Submit all signed documents;
  4. Receive registration approval;
  5. Open bank account;
  6. Activate internet banking;
  7. Apply for financial license at the Financial Services Commission;

For a more detailed guide to registering your company, please visit our complete steps to incorporate in the British Virgin Islands.

Best uses of a BVI company

  1. The BVIs are a great jurisdiction to establish an offshore entity to book global profits while minimizing tax. While a BVI BC does not have to pay corporate tax on its global profits, our Client’s income through a BVI BC may be subject to personal income tax in the country of residence. Healy Consultants can advise our Clients regarding their tax compliance responsibilities.
  2. Our Clients interested in establishing a financial services company choose BVI thanks to i) transparent laws and regulations imposed by the BVI Financial Services Commission ii) easy company setup procedures iii) transparent tax laws iv) good reputation amongst popular offshore jurisdictions and v) good infrastructure available for Fund Managers.

Company registration

  • Time to incorporate: One week
  • Cost to set up: US$6,950
  • Minimum capital: US$0
  • Physical office required: No

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Company secretary: No
  • Resident director: No

Key facts

  • Corporate tax rate: 0%
  • Corporate tax base: Territorial
  • Shelf companies: Unavailable
  • Main company type: Business company

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Frequently asked questions

Contact us

For additional information on our company registration services in BVI, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Kunal Fabiani, directly: