Virgin Islands

The British Virgin Islands (BVI) is one of the most popular offshore jurisdictions in the world.

Advantages of doing business in the BVI

No taxes

companies do not pay corporate tax, capital gains tax, dividend or royalty tax

Privacy

information about the owners of companies is not published in open registers

Easy registration

minimum capital requirements, no need for a physical office

Flexibility in doing business

no restrictions on the types of activities, the ability to work with foreign clients and banks

International recognition

BVI is a reputable jurisdiction for international business and investors

Content

Registering a company in the BVI can be beneficial for different types of business

IT companies and startups

optimal jurisdiction for international IT projects due to its simplified administrative structure.

Fintech and cryptocurrency projects

favorable regulation for innovative financial services.

Financial institutions and investment companies

the possibility of using the BVI as a structure to attract investment and protect assets.

International trade

companies doing business with customers and suppliers from different countries.

Asset management and trusts

for the protection of financial assets and tax planning.

Learn about other countries for your business and life

Not sure which country is right for you? Get a free guide – “How to choose a jurisdiction for your business?”

The main criteria for choosing a country
Comparative analysis of 5 countries
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5 risks to consider before registering

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What do you need to know about BVI business requirements?

01
Local presence requirements
- No physical office requirement
- Director and shareholders may be residents of any country
- Registered agent and registered office in BVI required
- No local secretary requirement
02
Legal forms of companies
- The most common form of Business Company (BC) – maximum flexibility in doing business
- Limited Partnership (LP) – for limited liability partnerships
- Segregated Portfolio Company (SPC) – for investment funds
- Limited Liability Company (LLC) – a new form with greater flexibility in management
03
Taxes and fees
- Companies in the BVI are completely exempt from:
- Income tax, tax on dividends and royalties, capital gains tax
- There is an annual government fee of $450 to $1200
04
Annual commitments of the company
- There is no requirement to file financial statements with the BVI authorities
- Companies must maintain financial records for internal use
- Audits are not required unless the company operates in a regulated sector (e.g., financial services)
- There is a requirement to keep accounting records

Client Reviews

Our clients are not just customers, but partners with whom we build successful projects and achieve ambitious goals. We value everyone’s trust and are proud of the results of our joint work.

FAQ

Is it possible to register a company remotely, without a personal visit?

Yes, registration takes place completely remotely.

How long does it take to register a company in the BVI?

Company registration takes up to 1 week from the date of receipt of the full set of documents.

What documents are required to register a company in the BVI?

The list of required documents includes:

3 preferred company names;
description of the future company’s business areas;
national and foreign passports of each beneficiary, founder and director;
identification code of each beneficiary, founder and director;
confirmation of the registration address of each beneficiary, founder and director (e.g. utility bill).

Can a citizen of another country open a company in the BVI?

Yes. A person of any nationality can start a business in the BVI. No citizenship, residency, or residence in the country is required to register a company.

Do I have to file reports if the company does not conduct any business?

Thus, even if a company does not conduct business, it must file zero reports.

Do I need a legal address when registering a company in the BVI?

Yes, a legal address is required; it can be either a physical address or a virtual address.

Will I be able to get a VAT number after registering my business?

A VAT number is not required in the British Virgin Islands, but there may be other specific requirements for your business.

Virgin Islands

What do you need to know about BVI business requirements?

Local presence requirements

Legal forms of companies

Taxes and fees

Annual commitments of the company

FAQ