BVI Company Setup


Introduction

The BVI Business Companies Act 2004 grants all BBCs in BVI complete exemption from tax. This includes exemption from capital gains tax and all forms of withholding tax. BBCs have minimal reporting requirements. The flexibility of this legislation enables fast and low cost incorporation.

 

Incorporating requirements

Directors

Minimum of 1 directors required, of which 0 must be residents.
Corporate directors are permitted.
Director's meetings are not required
There is not a public director's register
Other notes: No requirement to hold annual meetings of Directors or Shareholders.

Secretaries
Minimum of 0 secretaries required, who need not be residents.
Corporate secretaries are not permitted.
There is not any requirement for secretaries to hold a professional qualification
Other notes: A resident representative is required

Shareholders

Minimum of 1 shareholders required
Corporate shareholders are permitted.
There is not a public shares register
Bearer shares are permitted.
No par value shares are permitted.
Usually the Authorised share capital is 50000 shares of USD1 each.


Miscellaneous

Where some or all of the shareholders are nominees, the ultimate beneficial ownership of the shares does not have to be declared to the authorities.
A registered agent is required.
An annual return is required.


Incorporation FeePlease see Our Fees Schedule

The package fee includes government fees, local secretary fees, local agency fees, registered office fees and our service fees, and have the following after incorporation: a) certificate of incorporation b) Original formation documents and minutes c) Five copies of M & A


Incorporation Time: 1-2 Weeks