British Virgin Islands (BVI)- IBC
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30+ Years Of Experience
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50+ Team Members
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7500+ Happy Customer
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10,000+ Companies Formed (in UAE and worldwide)
British Virgin Islands Company Formation- IBC
Get benefited with BVI Company Setup solutions for all types of business! British Virgin Islands company formation offers world-class solutions to let your business find the right establishment.
The British Virgin Islands, situated around 80 kilometres to the east of Puerto Rico, is a British overseas territory located in the Eastern Caribbean. The native language of these islands is English, with the US dollar being the official currency. The economic and regulatory infrastructure is stable, and authorities are actively working on developing the overseas financial sector. This progress is being ensured with the effective implementation of advanced technologies for the Companies Registry.
The International Business Companies Act of 1984 established the International Business Company (IBC), which is now the most popular overseas company formation. BVI has become an expert choice as one of the best – company formations in the Far East region. BVI takes proficient care of all the official procedures for the company setup. IBC’s BVI company setup cost is affordable, with services surpassing excellence.
Advantages
- 100% Ownership
- No capital requirements
- Affordable Maintenance Cost
- Flexible Corporate structure
Features of BVI IBC
Must end with “Limited, Corporation, Incorporated”
- Minimum: 1
- Residency Requirements: None
- Corporate Shareholder: Permitted
- Required to be filed to the registry within 30 days after the company is formed
- Minimum: 1
- Currency: AED, USD, GBP etc.
- Form issued: Registered Shares
- Classes of shares: one or more
- Minimum: 1
- Residency Requirements: None
- Corporate Director: Permitted
- Required to be filed to the registry within 15 days after the company is formed
- Minimum: 1
- Residency Requirements: None
- Required to be filed to the registry within 30 days after the company is formed
- No public disclosure of information
- All companies to keep accounting records that “are sufficient to show and explain the company’s transactions.
- Annual financial return must be provided to the registered agent within 9 months after the financial year end.
- All companies are required to file annual Economic Substance Assessment.
- The financial period starts on its date of incorporation and ends after a period of no more than 1 year, thereafter, each successive period of one year running from the end of that period.
- The reporting deadline is (6) months from the end of the financial period.
- Economic Substance Financial Period can be altered to align it with the financial accounting period of the company, this can be done by making an application to ITA.
Yes, Company must appoint an approved local registered agent.
Exemption from all BVI taxes and stamp duty
Foreign companies being manage and control in the UAE are subject to UAE Corporate Tax and required to register within 3 months from date of incorporation.
Registration of BVI IBC will take approximately 2 days.
| Company Anniversary date between: | Due date: |
|---|---|
| January to June (1st half) | Before May – 31st |
| July to December (2nd half) | Before November – 30th |
Allowed
Documents Requirements for BVI IBC Setup
KYC Documents for individual Director/Shareholder:
- Passport – original to be verified personally in our office, otherwise client can provide an original notarized copy of the passport
- Proof of address (in the form of a utility bill dated less than three months)
- Bank reference (dated less than three months with satisfactory record clearly mentioned and also the time period the client has been dealing with the bank: minimum of 2 yrs)
- Detailed CV
- Professional reference letter (can be issued by Lawyer or Certified Public Accountant)
- Duly filled FATCA Form
- Notarized US Declaration (if a US Person)
KYC for Corporate Director/Shareholder:
- Certificate of Incorporation
- Registered address and place of business
- Certificate of Current Standing if incorporated more than 1 year
- Register of Directors
- Register of Shareholders
- Memorandum & Articles of Association
All documents of the corporate entity must be certified by a Lawyer or Certified Public Accountant
How GBS Helps
Taking your business overseas requires an understanding of foreign laws in terms of financial operations, tax regulations, employment, etc. Your vocational establishment can head in the right direction with professional assistance from business setup consultants at GBS.
We are among the leading consultants that provide business setup in Dubai. Our reliable services have helped numerous individuals and corporate firms to build global businesses successfully. We are responsible for helping entrepreneurs aiming for company formation in the UAE.
British Virgin Islands (BVI)- IBC
The BVI IBC company setup cost starts from US $ 2,830/-
If you require expert advice in establishing a BVI International Business Company, contact us at 050-1894959 or email at info@gbsei.com.
Why Choose GBS FZCO as Your Business Setup Consultants in UAE?
Understanding Clients’ Needs
As the leading business setup consultants in UAE, our team provides a thorough analysis of client requirements and offers a personalized approach tailored to meet each client's needs.
Flexible Pricing & Cost Transparency
Whether you need a mainland, On-shore or off shore company setup in Dubai, UAE, we offer flexible pricing and full cost transparency. Providing top-of-the-line payment options, including online payments and bank transfers.
Years of Expertise
We bring years of experience as trusted company setup consultants, offering the best guidance and support when setting up your new venture.
Proven Track Record in Company Setup
Global Business Services (GBS) isn’t just another business advisor. We’re the partner behind hundreds of success stories across industries. With a world-class track record and deep local expertise, our team of the best company setup consultants UAE combines strategic vision with hands-on execution to make your company setup seamless, compliant, and ready for growth.
Client words
Hear what our satisfied clients have to say about their successful journeys with us.
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10,000+
Companies formed
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100%
client satisfaction
I had a fantastic experience with the Global Business Services FZCO. their team was knowledgeable, professional, and efficient. they guided me through the entire process of establishing my business. I highly recommend their services to anyone looking to set up a business in Dubai.
I hired Global Business Services for my online store in Dubai Free Zone. They quickly handled everything from visas to paperwork. Great experience overall.
I’m happy to choose Global Business Services FZCO for their outstanding business setup services in UAE. Their professional team guided me through each stage, answering all my questions quickly and clearly. Their personalized approach made me feel well taken care of.
