BVI Company Formation

How to register a company in BVI (British Virgin Islands) ?

If you are looking for a relatively inexpensive jurisdiction, BVI company is one of the most popular choices. Here are some of the key advantages of setting up a company in the British Virgin Islands.

  • Modern corporate legislation – on par with many developed jurisdictions
  • Minimum capital requirements
  • Low costs (comparing to Cayman Islands and Bermuda)
  • Straightforward company maintenance (no annual audit requirements, no annual filings, low registered agent fees, no residence requirements for directors, simple corporate recordkeeping, etc.
  • Enhanced privacy (company records, such as the register of shareholders and the register of directors are not open to public, the register of directors is filed with the BVI Registry).
  • Variety of applications: holding companies, trusts, partnerships. Suitable for joint venture and IPO structuring
Criteria Requirement
Minimum number of shareholders 1
Minimum number of directors 1
Minimum share capital requirement US$1
Nationality and address of shareholders / directors No restrictions
Address in Hong Kong Optional
Incorporation time 1 to 5 working days
Confidentiality Company records are not open to public
Tax advantages no income tax, corporation tax, capital gains tax, wealth tax
Bank account opening Several options available, including remote account opening


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