Company registration on the British Virgin Islands

Service name Standard set Premium set
Company registration + +
Official address for 1 year + +
Apostil set +
The Power Of Attorney +
Bank account +
Formation fee 1500 EUR 1800 EUR
Fee for yearly administration 800 EUR 900 EUR

General information

Area – 153 sq. km
Population – 22,000
Сapital – Road Town
Official language – english
Official currency – US dollar (USD)

Legal form of Company

Most common form of legal entity in British Virgin Islands is International Business Company(IBC)

Key specials

British Virgin Islands doesn’t have agreements on exemption from double taxation

Providing of banking, insurance or trust services are subject of special license

Corporate legislation

International Business Companies Act 1984

Share capital

No obligations of share capital contribution
Share capital is established by declaraton
No minimum or maximum limits set
Standard share capital is 50 000 USD devided into 50 000 shares with par value of 1 USD each
Authorised issue of both beared or registered shares with or without par value

Bank account opening

For British Virgin Islands Company we offer bank accounts in following countries:
Latvia
Estonia
Lithuania
Switzerland
Cyprus
Denmark
St. Vincent and the Grenadines
Belize
Seychelles
Tanzania
Bosnia
Hong Kong
Dubai

Directors

Minimum one director is required
Use of nominee directors is allowed
Directors can be residents of any country
Directors can be private or corporate

Shareholders

Minimum one shareholder is required
Use of nominee shareholders is allowed
Shareholders can be residents of any country
Shareholders can be private or corporate

Accountancy

There is no need to arrange accountancy while trading outside of British Virgin Islands
No Annual accounts are required while trading outside of British Virgin Islands

Disclosure of beneficial ownership to Government Authorities

Not disclosed

Timeframes

New Company registration takes from 1 day.
Shelf companies are available.

For more information, please contact us.