British Virgin Islands International Business Company (IBC)
British Virgin Islands IBCs are limited liability companies that conduct business outside of the BVI. Due to their tax exemption status and high levels of confidentiality regarding shareholder and director registers, IBCs are the most common form of incorporation in the BVI.
A BVI company must have a unique name, in any language using the Latin alphabet. Each company name must end with the suffix Corporation, Limited, Incorporated, Societe Anonyme or Sociedad Anonima, or an appropriate abbreviation.
All BVI IBCs require a registered agent who is responsible for keeping the company director and shareholder registers. A registered address where all official company correspondence may be served is also required. Providing a registered agent and office is included in our incorporation service.
A BVI company requires only a single director. A director may be of any nationality and may be a corporate entity. Director registers are kept with the registered agent and are not available for public inspection.
Only one shareholder is required. Shareholders may be of any nationality and may be corporate entities. Shareholder details are kept confidential.
Although there is no minimum, standard authorised share capital is usually USD 50,000 and may be expressed in any currency.
A BVI IBC does not have any filing or auditing requirements, although keeping adequate accounting records detailing the business’ transactions is required.
Once all necessary information has been received, along with proof of identity, the incorporation process only takes two days to complete.
Proof of Identity
As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders of the company.
Travelling to the BVI is not required to incorporate a company.