Offshore company setup, legal structuring and ongoing compliance support
Company Formation in
British Virgin Islands (BVI)
Why British Virgin Islands?
The British Virgin Islands (BVI) is one of the most well-established offshore jurisdictions, widely used for international business structuring, asset holding and cross-border operations. The jurisdiction combines a flexible corporate framework with a stable legal system based on English common law.
BVI companies are commonly used for international trading, holding structures, investment vehicles and group structuring, provided that regulatory and substance requirements are properly addressed.
Key advantages of BVI:
BVI companies are commonly used for international trading, holding structures, investment vehicles and group structuring, provided that regulatory and substance requirements are properly addressed.
Key advantages of BVI:
- Recognised and reputable offshore jurisdiction
- English common law legal system
- No corporate income tax for offshore activities
- Flexible corporate governance
- High level of confidentiality (within regulatory limits)
Key Facts About BVI
Legal system: English common law
Regulator: BVI Financial Services Commission (FSC)
Currency: USD
Corporate income tax: 0% (for offshore activities)
Public register: Limited disclosure (beneficial ownership reported to authorities)
Accounting: Records must be maintained, filing requirements apply
Regulator: BVI Financial Services Commission (FSC)
Currency: USD
Corporate income tax: 0% (for offshore activities)
Public register: Limited disclosure (beneficial ownership reported to authorities)
Accounting: Records must be maintained, filing requirements apply
Types of Companies in BVI
Business Company (BC)
Business Company (BC)
The BVI Business Company (BC) is the most commonly used corporate form. It is suitable for a wide range of international business activities and allows for flexible ownership and management structures.
Suitable for:
Suitable for:
- International trading companies
- Holding and investment structures
- Intellectual property holding
- Group and asset structuring
- One shareholder and one director (individual or corporate)
- No minimum share capital requirement
- Directors and shareholders of any nationality
We create global legal solutions
How It Works
Initial consultation and structure selection
Company name check and reservation
Due diligence and compliance review
Preparation of incorporation documents
Company registration with the BVI registry
Delivery of corporate documents
Required Documents
From the client:
- Passport copy
- Proof of residential address
- Brief business description
- Source of funds information (if required)
Prepared as part of the service:
- Memorandum and Articles of Association
- Incorporation certificates
- Corporate resolutions
Taxation and Compliance
BVI does not impose corporate income tax on offshore business activities. However, companies are subject to regulatory and compliance obligations, including:
- Economic Substance requirements (for relevant activities)
- Maintenance of accounting records
- Compliance with AML and KYC regulations
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Bank Account Opening
A BVI company may apply for:
- Accounts with international banks
- Accounts with European or Asian financial institutions
- Payment institutions and EMI solutions
- Business model and activity
- Ownership and management structure
- Countries of operation and counterparties
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Bank account opening is subject to independent bank approval and cannot be guaranteed.
Some international banks may have additional requirements for entities, particularly for foreign owners or high-risk jurisdictions.
Some international banks may have additional requirements for entities, particularly for foreign owners or high-risk jurisdictions.
We create global legal solutions
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Frequently Asked Questions (FAQ)
Yes, company formation can be completed remotely subject to compliance checks.
Economic Substance applies only to certain regulated activities.
Yes, BVI is commonly used for international trading structures.
No, directors of any nationality are permitted.
In many cases yes, depending on the bank and business profile.
Ready to Register a Company in BVI?
Get professional support with company formation and ongoing compliance in the British Virgin Islands.
Why MyFirm Global?
- Experience with international corporate structures
- Multi-jurisdictional approach
- Focus on compliance and long-term support
- Assistance beyond incorporation
