10 steps to incorporating in The BVI in 2024

Incorporation of a company in the British Virgin Islands is straight forward and can be completed without the need for our Client to travel to BVI. Within 2 weeks, we will email you a certificate of incorporation. Within 2 months, you will be able to legally conduct business globally. This web page will help you visualize the company registration process:

• Pre-incorporation steps

  1. Our Client i) settles our firm’s engagement fee ii) signs our engagement letter and iii) submits the necessary due diligence documents;
  2. Healy Consultants Group prepares a detailed engagement plan, including a detailed company incorporation process strategy that lays out steps and timelines, thereby enhancing transparency and setting Client expectations;
  3. Our Client provides us with i) the approved corporate structure and ii) three names (in order of preference) for their company;

• Incorporation steps

  1. Thereafter, Healy Consultants Group i) reserves the company name with the Registry of Corporate Affairs and ii) emails our Client the company incorporation documents for review and signatures;
  2. The incorporation Team then submits all the incorporation documents and information to the Companies Registry and successfully incorporates the BVI entity and supplies our Client with a certificate of incorporation;

• Post-incorporation steps

  1. Healy Consultants Group emails our Client the register of Directors and Shareholders and the Share Certificates of the new company for their signatures and email return;
  2. As per new regulations, all BVI companies are required to file their register of Directors with the Registrar within 21 days of company incorporation. Healy Consultants Group timely registers the directors with the BVI Registrar;
  3. If required, Healy Consultants Group assists our Client to apply for multicurrency corporate bank account with international top-tier banks. Based on our Client’s business activity, approval process can be between 2 to 3 months;
  4. If required, Healy Consultants Group will assist our Clients apply for the appropriate financial license from the BVI FSC;
  5. Following engagement completion, Healy Consultants Group couriers a full company kit to our Client, including original BVI corporate documents, unopened bank correspondence and a Client feedback survey.