You can now register your company online. To setup your company in The British Virgin Islands (BVI) kindly Click On
The British Virgin Islands are a British dependency located in the Eastern Caribbean, about 80 kilometers East of Puerto Rico. English is the official language and the official currency is the United States Dollar. The Government is stable and promises to remain that way. There is good commercial and professional infrastructure and the Government is actively encouraging the development of the offshore finance business and has now upgraded the Companies Registry by installing state of the art technology.
The International Business Companies Act was passed in 1984 and created the International Business Company (IBC) which is the preferred offshore company vehicle. In recent years the BVI has become extremely popular, particularly in the Far East region, due to the extensive marketing of the jurisdiction particularly by lawyers who moved from Panama during the Noriega regime and set up offices in the BVI.
THE BVI International Business Company Set Up:
A BVI International Business Company has the following characteristics:
10. Renewal of a BVI International Business Company:
Renewal for BVI International Business Companies will fall depending on the date of incorporation as per below:
Company Anniversary date between: | Due date: |
---|---|
January to June (1st half) | Before May – 31st |
July to December (2nd half) | Before November – 30th |
In case of late renewal, government and service charges shall be applicable.
The BVI International Business Company will be struck off by the registrar if not renewed within five (5) months after the due date and restoration fees shall be applicable.
Latest valid passport copy and recent utility bill for address proof of shareholder/director are required to be submitted at every renewal as a part of enhanced due diligence. If shareholder is a corporate entity, then latest certificate of incumbency and above stated docs of directors would be required.
11. Documents Required in Setting Up a BVI International Business Company:
KYC Documents for individual Director/Shareholder:
KYC for Corporate Director/Shareholder:
All documents of the corporate entity must be certified by a Lawyer or Certified Public Accountant
BVI International Company setup cost begins from US$ 2,280/-
Global Business Services DMCC has helped many individuals and corporate entities to set up an International Business Company in BVI. Our Company acts as a one stop solution for BVI International Business Company incorporation services.
If you are looking for BVI International Business Company set up, please get in touch with us for professional assistance.
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.