British Virgin Islands IBC Company Incorporation

Company Type	Time to Incorporate	Cost
IBC	2 - 3 days	£540

The British Virgin Islands are a popular offshore jurisdiction, with good regulation rules, a prosperous economy and stable political situation. In the BVI the IBC is very quick and simple to incorporate requiring minimum administration, providing privacy and asset protection. Providing your IBC has no business activities in the British Virgin Islands, is wholly exempt from BVI tax on its income.

Documents and Information

• The name of the company
• Name and address of the directors
• Name and address of the shareholders

• Minutes of the first inaugural meetings
• Copies of the Memorandum of Association and Articles of Association
• Certificate of Incorporation
• Share Certificates for each shareholder specified, plus two blank certificates

Incorporating an IBC

After you have submitted the name of your IBC to us, approval of the company name can be obtained within several hours. We then present the Memorandum and Articles of Association of the company to the Registrar, a certificate of incorporation will be issued and your new company is incorporated. The general time scale for a full incorporation is two days, although the Registrar's office is automated, which enables incorporation to be done within twenty four hours.

Company Name

Your company name can be in any language as long as the relevant translation is approved first. Your name will need to end with Ltd, Corp, Inc, SA or similar. Certain words are prohibited such as names suggesting the patronage of any Government or country.  The name approval process takes less than thirty minutes, and a name may be reserved for 10 days.

Directors

• Directors may be of any nationality and may reside anywhere.
• Only one director is required.
• The names of directors do not appear in public records.
• There is no requirement to appoint a local resident director. 
• Nominee Directors are allowed. Formacompany can provide this service.
• The director can be a person or a Corporation.

Shareholders

• Shareholders may be of any nationality and may reside anywhere
• Only one shareholder is required. This can be the same person as the director.
• No upper limit to the number of shareholders.
• Nominee shareholders are allowed. Formacompany can provide this service.
• The shareholder can be a person or a corporation.

Registered Office

Every company must have a registered office. The registered office is where documents may be legally served on the company. The registered office must be a physical address in the BVI. We can provide our clients with a registered office in the BVI.

Features of a BVI International Business Company:

• Reasonable incorporation and maintenance costs and fees
• Fast incorporation procedures and simple ongoing administration
• Minimum ongoing compliance requirements
• IBC's may engage in any lawful business in any country and may carry on transactions in whatever currencies they choose
• Only one director and shareholder are required - the sole director can also act as the shareholder
• Directors and shareholders can be either corporations or individuals
• Directors, officers and shareholders details remain confidential
• No limitations as to nationality or residence of company directors or shareholders
• Full exemption from taxation on any business activity or transaction carried out outside BVI
• All dividends, interest, royalties, rents and compensations are exempt from the payments of income tax
• Tax efficiency - exemption from capital gains tax, inheritance tax and death duties
• Shares may be denominated in any currency
• No issued share capital requirement
• No foreign exchange control
• Hold meetings of shareholders and directors, and maintain company books of accounts, records and minutes of meetings outside the BVI
• The only documents required to be filed at the Companies Registry are the incorporation documents which include details of the registered office and registered agent
• No requirements for filing annual returns, preparing and submitting accounts
• The BVI Companies Registry has an advanced electronic name reservation system and is capable of registering foreign language Memorandum and Articles of Association.