INCORPORATION IN THE BRITISH VIRGIN ISLAND

The British Virgin Islands (BVI) is a popular jurisdiction worth considering for offshore company formation due to its low taxation and annual compliance requirements, confidentiality and its ease of setup.

Unlike other jurisdictions, the BVI tried to stick to a reasonable compromise between the requirements of international authorities and the demands of end-users and registered agents. As a result, they enacted a new law: the BVI Business Companies Act 2004 (No. 16 of 2004) that regulates both offshore, and local companies. Now, BVI business companies are allowed to do business with BVI residents and acquire real estate in the BVI.

Company Setup Requirements for British Virgin Island

Minimum Shareholder 1
Minimum Director 1
Corporate Directors and Shareholders Permitted
Local Secretary Required No
Local Registered Office Yes (included in our package)
Minimum Paid Up Capital US$1 (Standard authorised capital – 50 shares of USD1.00 par value)
Annual Reporting or Auditing Not Required
Local Tax on Foreign Income Exempted

 

The same person (both natural person and legal entity) can be the shareholder(s) and director(s) of the BVI entity.  There is no residency or nationality requirement for the shareholders and directors. 

There are also no requirements for annual returns, annual meetings, or audited accounts. 

WHAT DOES OUR BVI INCORPORATION PACKAGE INCLUDE?

All companies are provided with a complete company kit, including share certificates, Memorandum and Articles of Association, statutory registers, a common seal and a company chop. In addition, we can assist you in obtaining Certificates of Good Standing and other certificates of corporate existence as well as relevant post incorporation services.

HOW TO START?

You may kick start the incorporation of your BVI entity by providing us with the desirous company name for a free company name search. Thereafter your exclusive Relationship Manager will guide you through every step of the way. 

Engage Our Service

We provide professional services in the closing (or strike-off) of local companies, working with the Accounting and Corporate Regulatory Authority (ACRA) and other relevant government agencies starting from just $600!

Lead Time For Service

Case-by-Case Basis - Usually around 5 to 6 months

Compliance with Local Laws

Why do you need a Corporate Secretary?

Section 171 of the Singapore Companies Act, Chapter 50 requires ALL Singapore Companies to appoint a Singapore Company Secretary to handle on-going statutory compliance matters.

Corporate Secretary Services

Your Dedicated Banker

Skip the queue, because your time is worth more!

Open your corporate bank account with either one of DBS, OCBC, UOB and ASPIRE

   UOB  ASPIRE

LET US CALL YOU BACK

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