We have listed below the key features answers to the more frequent questions that we are asked regarding the formation of BVI corporations. If you do not find the answer to your question below, or you would like a more detailed answer, please feel free to contact us.
Key Features of a BVI Corporation
Only one director required.
Only one shareholder required.
Overseas and corporate shareholders allowed.
No need to visit.
No tax local tax payable
How long does it take to incorporate a BVI Offshore Company?
It usually takes 3 working days to incorporate in the BVI
What information must I provide?
To incorporate an offshore company in the BVI we need the following:
The name of the company
Name and address of director
Name and address of shareholder
Is the information I provide confidential?
The names of directors and shareholders do not appear on any public documents or other public records
What are the minimum number of directors?
Only one director is required. This can be the same person as the shareholder
Can the director be a corporation?
Yes corporate directors are allowed
Can nominee directors be used?
Nominee directors are allowed.
Is a resident director required?
There is no requirement to appoint a local director
What are the miminimum number of shareholders?
Only one shareholder is required. This can be the same person as the director
Can the shareholder be a corporation?
Yes corporate shareholders are allowed
Can nominee shareholders be used?
Nominee shareholders are allowed. We can provide a nominee shareholder
Is a resident shareholder required?
There is no requirement to appoint a local shareholder
Is a company secretary required?
There is no requirement for a company secretary
What is the standard share capital?
The standard share capital is $50,000 USD
Can the share capital be issued in other currencies?
How much of the share capital must be issued and paid up?
Does the company have to mantain books and 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?
There is no requirement to file accounts or a financial statement
Is the company taxed on profit?
A BVI company is exempted from all local taxes
Help & Advice
Please contact us with any questions that you may have. We will be pleased to speak with you and will do our best to assist you. If you are ready to register your BVI company please use our secure order form