BVI Offshore Company Formation – How to Start Your Business?

A BVI Offshore Company Formation in 4 Easy Steps

The  BVI Offshore Company Formation can be completed in four easy steps.

• Preparation

Checking the provided or suggested 'trade' name eligibility.

• Filling

Fill out the application and prepare the essential documents.

• Payment

Proceeding with the company incorporation fee payment.

• Delivery

Receiving important company papers and opening a bank account.

The British Virgin Islands Company Registration – A Brief Overview

The BVI Islands are ideal for the following business activities:

• Intellectual Property Management
• Internet Commerce
• Inheritance Provisions
• Stockbroker/ Forex
• Holding Structures
• The custody of movable and immovable property, etc.

A BVI offshore company registration comes with the following benefits:

• No personal income, corporate, or value-added tax
• A minimum of one shareholder
• Confidentiality
• Asset protection
• Nominee services
• No paid-up or share capital is required, etc.

The Business Companies Act 2004 in BVI is the legislative framework in the British Virgin Islands that governs company creation, regulation, and other incorporation-related activities. The government is a constitutional monarchy governed by political democracy.

Company formation in the BVI is a reliable source of yearly revenue for the government of this jurisdiction, accounting for more than half of the licensing costs paid by firms. The British Virgin Islands (BVI) is a respected offshore regulatory authority. 

The BVI Financial Services Commission is an independent regulatory body in charge of business activities and other financial services on the island. The following are some of the documents required to start an offshore company in BVI:

• Incorporation Certificate
• Memorandum and Articles of Incorporation
• Director's Acceptance Letter
• Share(s) Certificate
• Notarized Passport Copies.

Furthermore, on January 1, 2019, The Economic Substance (Companies and Limited Partnerships) Act, 2018, in BVI (BVI Substance Act) went into effect. The Economic Substance Code (BVI Substance Code) supplements the BVI Substance Act. 

This law applies to the following legal entities: 

• Companies and foreign companies registered/incorporated under the Business Firms Act in BVI, 2004 (as amended), with the exception of firms that are not resident in the BVI; and
• Limited partnerships and foreign limited partnerships are created or registered under the Partnership Act of 1996 or the Limited Partnership Act of 2017, except limited partnerships that are not residents of the BVI or do not have a legal presence.

Choose Us for Your BVI Offshore Company Formation

Our business setup experts will guarantee you privacy and complete confidentiality. Gryffin Capitalist provides quick company incorporation and complete assistance.

The British Virgin Islands offers an IBC (International Business Company) company formation option. It comes with a reasonable incorporation fee, and the procedure is time-saving.

Consult with our experts for a detailed inquiry and a quick quote.