BVI company incorporated in or before June should be renewed before 31 May each year to ensure its legal status and recognition.
Whereas BVI company incorporated in July to December can be renewed before 30/ Nov each year
It is mandatory for a Register of Directors to be kept at the BVI registered office.
There is no need to file the Register of Directors with the Registrar.
2 mins video British Virgin Islands (BVI) Business Company (BC) has totally exemption on taxes, according to the BVI Business Companies Act, 2004. No filing of accounts or submitting annual returns is required after the offshore has been incorporated. BVI is not a party in any double taxation treaty, which provides enhanced protection against fiscal inquiries. The law protects the confidentiality of the Shareholder, Director and the offshore company.
BVI Offshore Company Formation, initially Our Relationship Managers team will ask You have to provide the detailed information of the Shareholder/Director's names and information. You can select level of services you need, normal with 3 working days or 2 working days in urgent case. Furthermore, give the proposal company names so that we can check the eligibility of company name in the Registrar of Corporate Affairs system of BVI.
You settle the payment for Our Service fee and official BVI Government Fee required. We accept payment by Credit/Debit Card , Paypal or Wire Transfer to our HSBC bank account (Payment Guidelines).
After collecting full information from you, Offshore Company Corp will send you a digital version (Certificate of Incorporation in BVI, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles etc.) via email. Full BVI Offshore Company kit will courier to your resident address by express (TNT, DHL or UPS etc.).
You can open BVI bank account for your company in European, Hong Kong, Singapore or other jurisdictions supported offshore bank accounts! You are freedom international money transfer under your offshore company.
Your BVI Offshore Company formation completed, ready to do international business!
The BVI Financial Services Commission is an autonomous regulatory authority responsible for the regulation, supervision and inspection of all the British Virgin Islands financial services including insurance, banking, trustee business, company management, mutual funds business, the registration of companies, limited partnerships and intellectual property
Yes, BVI company formation need to be under all regulations of FSC and BVI Laws.
Registered agent will guide you in the first stage and update when there are any changes from these regulations
Fund must be credited to our account for payment to the Registry before 31/ May deadline to avoid penalties below
Fund must be credited to our account for payment to the Registry before October 30th deadline to avoid penalties below
It is the responsibility of all clients to ensure that payments are made to us in a timely manner thus keeping the companies in good standing with the BVI Government
The first advantage of a virtual office is to offer phone numbers and phone answering services for the registered company.
Besides that, a message box, where the voice messages and faxes received by the registered company will be automatically sent through e-mail to the e-mail account allocated to the client.
The third benefit of this kind of office is to provide the facsimile number, automatic re-sending of the fax to the client via e-mail.
Last but not least, mail forwarding by airmail or by email (scans) from the virtual office. Register BVI virtual office has lots of benefits, such as low costs and expenses to maintain the physical space and employees.
These are the reasons why investment foreigners decide to open a virtual office in BVI.
The term “virtual office” is described as the working environment that has no fixed location. The virtual office in BVI includes:
Our team of BVI registered companies offers you all of these services and the bargain box price.
Working via a virtual office is a new way for modern business. Any offshore companies are particularly suitable for operating via the virtual office. Most foreign investors would choose providers that offer international services to easily manage their assets such as virtual offices are the most commonly chosen office services for foreign investors and businesses.
Moreover, a company set up in BVI must have the registered address and agents after they completed the company registration which is completed within 3 working days.
We guarantee to always comply with the rules and regulations of doing business in these jurisdictions.
Yes, you can open a bank account for your BVI company in Singapore.
For those who own foreign companies, the owner needs to submit required documents to the banks including Certificate of Incorporation, Certificate of Incumbency, Memorandum of Association and Articles of Association. The authorities can be required to submit further documentary proofs. All documents submitted must be in English.
We can support you to register and open a bank account in Singapore for your BVI company through a number of reputable banks that we have partnered up with.
Opening a bank account for your BVI company in Singapore will help your business to manage transactions, as well as make any necessary payment, allow you easy access to new customers and business opportunities in Singapore.
Yes, you can form a company in the BVI and open the BVI company bank account from Singapore. BVI is known as the famous jurisdiction for offshore companies that will create business opportunities and enhance competitive advantages for companies. Therefore, many businessmen prefer to open and own a BVI company. No matter you are in Singapore, United States, Australia or elsewhere, we willing to help you open your BVI company through 3 simple steps:
The British Virgin Islands (BVI) is one of the largest international financial jurisdictions and the oldest tax havens in the world. According to Transparency International, BVI hosted 430,000 offshore companies in 2016.
An offshore commercial company in BVI will have more opportunities in doing business. That is why almost foreign companies chose to open a company in BVI. Offshore destinations are not only offered tax advantages but they also frequently have fewer reporting requirements than other countries.
One IBC can support you with all services in opening the company in BVI.
For all registered BVI companies, some of the information would be disclosed for the public via the BVI Registrar of Businesses and depending on the situation, the court may access other information through the customers’ BVI registered agent. The disclosed information generally includes the company’s registered office, registration number, company status, date of incorporation, and authorized capital. Furthermore, the public record of a BVI registered company also contains the following information:
is one-page certificate issued by the BVI government confirms the client’s company is properly registered
This certificate is for companies that are up-to-date and companies require this certificate when they pay the annual registry fee, also known as Company Renewal fee. Information such as registration and current status of the company is shown on this certificate.
Information of the directors and shareholders which are in the Register of members is required to disclose not to the public but must be uploaded to the Beneficial Owner Secure System (BOSS) Portal, according to the amended BVI Business Companies Act in 2016.
The reason for this is to assist the BVI government to manage and identify the directors and shareholders of all registered BVI companies. Only the BVI company’s registered agent and BVI authorities have access to this information.
Choosing a company name is the first step to set up a company in BVI from UK. The procedure to choose the name to set up a BVI company is simple but you need to take note some important following points:
If you are struggling with choosing a name for setting up a BVI company from UK. Our advisory team will help you to choose a suitable name that fits your business activity and check the eligibility of your new company name.
If you are living in the UK, BVI is not an ideal choice to register for a bank account unless you are physically living on the BVI. You need to travel to BVI and arrange a personal visit to the bank and a face-to-face meeting to comply with the strict Know Your Customer (KYC) requirement for opening a bank account in the BVI. Moreover, BVI has less than 10 banks that serve the entire territory which limits the option of choosing suitable banks for the customers.
For that reason, we highly recommend that you should open an offshore account in other jurisdictions which allows you to open and maintain your account without a face-to-face meeting and more available options to choose for your incorporated BVI company
One IBC has associated and established a strong relationship with reputable banks in other famous jurisdictions such as Singapore, Hong Kong, etc. We can select and support you to register and open a bank account for your BVI company from the UK without traveling to the bank.
Although the British Virgin Islands (BVI) are The British Overseas Territories, BVI is a well-known offshore location and the procedure to register a company in BVI is easier than the UK.
You are still considering which jurisdiction is the best choice to register your offshore company? Wherever you want to register your business: Cayman, BVI, UK,... One IBC will help you to choose and support you to register an offshore company through an easy process and competitive price. Contact us via the link: https://www.offshorecompanycorp.com/contact-us.
Choosing a company name is the first step to set up a company in BVI. The procedure to choose the name to set up a BVI company is simple but you need to take note some important following points:
If you are struggling with choosing a name for setting up a BVI company. Our advisory team will help you to choose a suitable name that fits your business activity and check the eligibility of your new company name.
Renewing your BVI company is an important step to maintain your operation. Renew your registered BVI company on time is necessary as it is not only to maintain your company’s Good Standing but also to make sure to comply with local regulations.
According to BVI regulations, business owners need to pay annual Company Renewal fee starting from the second year to BVI Government and depend on the period of company incorporation date, the company renewal date due at 2 different renewal periods:
The owners cannot pay directly the annual renewal fee to the Government, the Government will only accept the fee through a Registered Agent according to the BVI Business Companies Act 2004.
If you cannot pay the fee on time, your BVI company will lose its status of Good Standing and can be strike-off from the Registry for non-payment of fee. Striking-off a company means your BVI company is unable to continue trade or enter new commercial agreements, and its directors, shareholders, and managers are by law precluded from any operations or transactions with the assets of the company until the company is restored in Good Standing.
Moreover, late penalties will be applied for non-payment of an annual renewal fee.
Business owners can restore a company after it has been struck off, but owners need to pay substantial fees to the Government including all past-due renewal fees depending on the number of days overdue after strike-off and penalties fee.
Therefore, paying in full and on time your renewal fee is essential for your registered BVI company. Paying renewal fees after the expiration date will cause many problems that can affect your operation.
We are always proud of being an experienced Financial and Corporate Services provider in the international market. We provide the best and most competitive value to you as valued customers to transform your goals into a solution with a clear action plan. Our Solution, Your Success.