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BVI Company Registration Guide
Information provider:zanya consultants    Updated:2016/10/25    Website:www.companyformation86.com

Overview of BVI Company


British Virgin Islands (BVI) is a group of about 40 islands. It takes approximately 25 minutes flying time from east of Puerto Rico where situated between the Atlantic and the Caribbean. Being a member of the British Commonwealth, BVI applies a legal system based on English Common Law (its Business Company Law includes some terms in Delaware Law), which operates in concert with local acts.


Because a BVI company is not required to pay tax, nor bound to foreign exchange controls, and information for submission for filing requested by local government is minimal, many multinational companies and persons are attracted to register BVI companies. At present, BVI has become one of the most popular places globally for offshore registration.


Company Structure of British Virgin Islands Offshore Company.


(1)  Only one director or shareholder required for the company formation.

(2)  The shareholder(s) and director(s) can be a natural person or a corporate body.

(3)  Shareholder(s) and director(s) may be the same person.

(4)  There is no requirement of appointing local shareholder(s) and director(s) for British Virgin Island Companies.

(5)  There is no requirement of resident secretary.


Shares and capital requirements For British Virgin Islands Corporations.


(1)  The standard authorized Capital is 50,000 shares or an equivalent in another recognizable currency.

(2)  Shares may be issued in any recognizable currency or in more than one recognizable currency;

(3)  Shares may be paid up in cash or through the transfer of other assets or for other consideration;

(4)  Shares can be issued with or without par value;

(5)  The minimum paid in and issued capital may be one share which is fully paid.


Documents Required and Time for Incorporation


(1)  Photocopy of ID cards or passports of shareholders and directors

(2)  Chinese and English names of company

(3)  12-15 Working days is needed for company registration

(4)  3 working days is needed for purchasing a Shelf Company


Doing business with BVI residents and companies


An offshore company in the BVI is restricted from doing business with BVI residents or companies except where:


It makes or maintains professional contact with solicitors, barristers, accountants, bookkeepers, trust companies, management or secretarial companies, investment advisors, or other similar persons or entities carrying on business within the BVI.


(1)  It holds within the BVI, meetings of its directors or members (if it so desires).

(2)  It prepares or maintains books and records within the BVI (if it decides to keep such books and records).

(3)  It holds a lease on property for use as an office from which to communicate with members or where books and records of the company are prepared or maintained (if so decided).

(4)  Shares, debts obligations or other securities in the company are owned by any person resident in the BVI or by any BVI IBC or any other locally incorporated company.

(5)  It holds debt obligations, shares or other securities in British Virgin Island IBCs or any other locally incorporated company.


Restrictions on BVI IBCs on carrying on any business activities outside the BVI.


There are no restrictions on doing business outside of the BVI by IBCs except illegal activities or such activities that require additional licensing such as: provision of banking services, services of insurance and trusts.


For further information or assistance, please feel free to contact us


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