BVI - IBC Incorporation Procedure
Company Name
The company name must end in one of the terms Limited, Corporation, Incorporated, Sociedad Anonima, Société Anonyme, or their abbreviations Ltd., Corp., Inc., S. A., to indicate the Limited Liability of the shareholders.
Once a name has been reserved, and approved by you if required, we will then proceed with incorporation of your IBC. This process typically takes three to four days.
Banking
We will also assist you in opening a bank account for your IBC, Barclays Bank PLC, The Bank of Nova Scotia (Scotiabank) and the Chase Manhattan Bank N.A. are all major international banks with offices in the British Virgin Islands.
International Business Company (IBC) - Order
- Please state the preferred name for the company, another option is to choose a Ready-Made company.
- Particulars of Directors. Please list the names of the Directors of the new company.
- Particulars of shareholders. Please provide a list of shareholders to whom we should issue shares in the company, together with the number of shares to be issued to each.
Unless otherwise instructed, we will incorporate your Company with an authorised share capital of US$50,000, divided into 50,000 shares of $1.00 par value each. All Ready Made companies have this capitalisation.
The Company documents sent to you will contain:
- Minutes of the first inaugural meetings.
- Two copies of the Memorandum of Association and Articles of Association.
- Certificate of Incorporation.
- Share Certificates for each shareholder specified, plus two blank certificates.