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                              BVI Company Formation

                              Key Features & Frequently Asked Questions

                              BVI Company

                              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?

                              Yes

                              How much of the share capital must be issued and paid up?

                              One share

                              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

                                                    
                                                    

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