Quick Profile
Country:
Language:
Population:
Location:
Tax:
British Virgin Islands
English Speaking
25,000
British Overseas Territory located between the North Atlantic Ocean and the Caribbean
There are no taxes payable
British Virgin Islands
Formation costs
Registered Office/Agent
Administration fee
Secretarial fees
£200
£250
£200
£100
N/A
£250
£200
£100
SUB TOTAL
£750
£550
Annual Government Tax
£250
£250
Total
£1000
£800
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On Other Jurisdictions:
Profile
The British Virgin Islands (BVI) are a group of approximately 40 small islands situated in the Eastern Caribbean. The largest of the islands is Tortola. The legal system is broadly based on English Common Law and local statutes.
Company Formation
The approval of a name usually takes one day and incorporation can normally be arranged in one further day. Documents are then sent by courier which means that the complete company pack is usually in our office within 7 working days. Ready-made companies are available for immediate trading and without even those few extra days wait.
Taxation of IBC Companies
The International Business Companies Act, 1989 (“IBC”) created a special class of company to conduct 'offshore business'. The company’s only liability to BVI taxes will be an annual licence fee of $350 for an authorised capital of up to $50,000.
Directors and Shareholders
Companies need have only one director and one shareholder who may be a private individual or a limited company and may be the same person.
Anonymity
No public record is maintained as to the identity of the directors or shareholders. This information is held at the Registered Office, but is not on public record. BVI companies therefore provide the perfect vehicle should the beneficial owners of a company wish to remain anonymous.
Corporate Endings
Your company name may end with the words: Limited, Incorporated, Corporation, Sociètè Annonyme, Sociedad Anònima, or abbreviations such as Ltd., Inc. or S.A.
Share Capital
The company is authorised to issue a maximum of 50,000 shares of $1 each for the standard licence fee.
Accounts
Companies are not required to file accounts with the BVI Government.
Nominees
Where required and subject to the satisfactory completion of our due diligence procedures, we are able to provide nominee directors and shareholders to act on behalf of the beneficiaries. The names of the nominees only will appear on the official register which is kept at the Registered Office. Nominee papers are drawn up to ensure that the beneficiaries retain control over the company.
London Representative Office
Though your tax haven company is located outside the UK, it is still possible to give the impression that your company is a regular UK registered company, for you are able to use our address (along with telephone, fax line and email) as your “UK representative office”. This does not make your company subject to UK taxes, for the use of this address is for administrative purposes only. Correspondence and messages that arrive here will be forwarded immediately on receipt. We can also add a dedicated telephone line which will be answered with your companies name.

