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Scope of service of Offshore Company Formation in BVI (BVI BC)

1. Scope of service of Company Formation

1.1. Business Company (BC)

1.1.1. Company Formation Service Fee

Services and Documents Provided Status
Reserving your Company Name Yes
Certificate of Incorporation (COI) Yes
Memorandum and Articles of Association Yes
Form of Appointment of First Director(s) Yes
First Director(s) Resolutions Yes
Letter(s) of Consent to Act as Director Yes
Letter(s) of Application for share(s)  Yes
Letter(s) of Consent to Act as Secretary Yes
Share Certificate(s) Nos. 1 and 2 Yes
Original Register of Directors * Yes
Original Register of Members * Yes
Original Register of Secretaries * Yes
Completed Company Kit Yes
Company seal (Add on) Yes

1.1.2. Government Fee

Certificate of Incorporation Status
Company is authorized to issue a maximum of 50,000 shares of US$1.00 each. Yes
Registered Agent and Registered Office fees for the first year Yes
Total US$ 600

Note:

Under the BVI Business Companies Act (Amendment) in 2016, any company that is authorised to issue more than 50,000 shares has to pay a higher government fee and service charges. It will be 1,400 USD (instead of 600 USD).

2. Bank account opening for company in British Virgin Islands (BVI)

Services and Documents Provided Status
Overview “Know Your Client” documents to ensure that all the documents provided meet banks’ requirements. Yes
Examine business scope, understanding clients’ needs. Yes
Fulfill application forms and instruct clients to implement notary documents accordingly. Yes
Work with bankers on applications. Answer bankers’ inquiries on behalf of clients. Submit business supporting documents selected. Yes
Bank form is issued. Yes
Schedule video conference as banks policy. Yes
Deliver the needful hard copy and notarized documents to banks. Yes
Bank account is opened under the banks’ sole discretion. Yes
Bank cards, account information letter posted directly to clients. Yes
Initial deposit settlement. Yes

3. Our Serviced Office services in the British Virgin Islands (BVI) include

Services and Documents Provided Status
Professional mail management Yes
Dedicated phone number and fax number Yes

4. Our service for renewal company in the British Virgin Islands(BVI)

Services and Documents Provided Status
Offering a low maintenance cost Yes
Quick, easy and a simple renewal process Yes
A tax-free and business-friendly environment Yes
There is no financial audit or statement requirements Yes
Set up company in British Virgin Islands

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