Process
- STEP 1 – SUBMIT INCORPORATION ORDER FORM FOR BVI COMPANY INCORPORATION. Please provide us your email address in the package details and we will email you the necessary incorporation forms.
- STEP 2 – MAKE PAYMENT FOR OFFSHORE COMPANY.
- STEP 3 – INCORPORATE BRITISH VIRGIN ISLANDS COMPANY.
What are BVI companies?
A BVI company is a corporation one or more people or entities form in the British Virgin Islands. The term International Business Company or IBC is the official name for what most people think of as “offshore companies” according to Fidelity.
How much does it cost to live in the British Virgin Islands?
Summary of cost of living in British Virgin Islands
| Food | |
|---|---|
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | $1,100 |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | $950 |
| Utilities 1 month (heating, electricity, gas …) for 1 person in 45 m2 (480 sqft) studio | $250 |
Are British Virgin Islands a tax haven?
The Corporate Tax Haven Index 2021 finds OECD countries and their dependencies are responsible for 68% cent of the world’s corporate tax abuse risks. The world’s top 10 biggest enablers of global corporate tax abuse are: British Virgin Islands (British Overseas Territory) Cayman Islands (British Overseas Territory)
Do you have to file tax return in BVI?
Tax year and filing requirements – There is no requirement for BVI companies to submit a tax return since there is no corporation tax in the BVI. Our offices in Guernsey and Mauritius can offer incorporation services for companies in the British Virgin Islands, Guernsey and Mauritius, amongst other jurisdictions.
What kind of company is allowed in the BVI?
The Act permits several different types of companies in the BVI. The most common type is a limited liability company. It is also possible to establish an unlimited company (with unlimited liability) or a company limited by guarantee.
Do you have to keep records in the BVI?
The company does not have to keep records in the BVI. If the company chooses to keep records they can be kept anywhere in the World. Does the company have to file accounts or a financial statement?
Can a BVI company be struck off the Register?
The Act also requires that a company always maintains a registered agent in the BVI and any company that fails to do so is guilty of an offence and is liable to be struck off the Register of Companies; and Electing at least one director. BVI companies may have a corporate director.
