Flexible legislation means that this established International Business Company jurisdiction is ever popular.Excellent,long standing reputation for corporate services. Very cost effective with low annual fees. International Business Companies are exempt from all BVI taxes.
Not recommended for high profile trading operations.
Corporate legislation source
Common Law - Business Companies Act 2004
Certain words are prohibited, e.g. Assurance, Bank, Building Society, Insurance, etc. Names must end with the appropriate suffix such as ‘Incorporated’, ‘Societe Anonyme’, ‘Limited’ etc. ‘Trust’ and ‘Trustee’ Co. may only be used with prior approval.
Time taken to incorporate
2 - 3 days
Are shelf companies available?
Usual minimum share capital
50,000 shares of no par value
Sliding Scale for share capital 50,000 US$350 50,001+ US$1,000 or Bearer Shares
Minimum number of shareholders
Are bearer shares/shares of no par value possible?
Yes, but with restrictions / Yes
Directors: minimum number/corporate: directors allowed/location
Secretary: mandatory/corporate Resident: secretary allowed/location
Is there a requirement for a Registered Office/Registered Agent?
Is any information required by the authorities prior to incorporation or prior to tax status being granted?
What information is available on the public file?
Memorandum & Articles of Association, Registered Office & Registered Agent.
What documents must be kept at the Registered Office?
Copies of the Register of Members and Directors together with an impression of the seal.
Corporate books & seal
Company must have a seal and the above registers
Are accounts required/filed?
Is an annual return required?
Where are meetings to be held?
Annual fees payable to the government
US$350 if share capital do not exceed 50,000/Not applicable.
Return Filing Fee
Are there any exchange controls?