How to Setup Offshore Company in the British Virgin Islands

British Virgin Islands (BVI), a British Territory, is located on many islands of the volcanic archipelago in The Caribbean.

The Virgin Islands is an offshore administration that provides the same conditions for both local and international companies.

This administration is preferred by thousands of businessmen due to its favorable taxation, simplified reporting, and high confidentiality of personal data.

The BVI is a highly regarded jurisdiction that strives to preserve its credibility. It is a good idea to establish international business companies (IBCs) in the BVI.

The Virgin Islands have several features that allow offshore companies to be registered:

  • Anything that is not in accordance with the laws of British Virgin Islands is allowed.
  • Minimum number of directors and shareholders – one each (individuals and legal entities).
  • Directors and shareholders do not need to be residents.
  • There are no requirements for mandatory payment of the authorized capital.
  • The company name must be unique and include an abbreviation from the legal form.
  • A registered office is required for a company.
  • Although the company cannot own real estate, it is permitted to rent space to register the physical address.
  • Registered shares can be issued
  • Possibility of establishing the company as a single entity
  • All documentation must remain on the islands
  • It takes several days to register an offshore company in Virgin Islands.

When registering a company, the company name must have a corporate suffix. For example- BVI corporations, also called BVIs of a limited liability company, must end their name such as Ltd., Corp., Inc., and SA.

Conclusion

We hope that you have understood the importance of Bvi Company set up after reading these features. You don't want to waste time.

Setup a bvi offshore business or buy an already-established offshore company in the Virgin Islands.

You can send a request to the company's website. They will contact you back to answer any questions.

Location: British Virgin Islands

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