British Virgin Islands International Business Company (IBC)
The British Virgin Islands (BVI) enjoy favourable business regulations, a prosperous economy and a stable political situation. It is a particularly popular place to incorporate an IBC as there are a large number of privacy and tax benefits for offshore companies. Incorporating an IBC in the BVI provides extensive confidentiality for the beneficial owners as company registers are not available for public inspection, and shareholders enjoy exemption from all local taxes and duties including income tax, capital gains tax and corporation tax.
A BVI company name must be unique. Each company name must end with the suffix Corporation, Limited, Incorporated, Societe Anonyme or Sociedad Anonima, or an appropriate abbreviation.
Registered Agent / Office
The company must have a registered office and agent in the BVI, which we provide as part of our services.
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, corporate shareholders are permitted. Shareholder details are kept confidential.
Although there is no minimum share capital, the standard authorised share capital is usually USD 50,000; this 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.