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Compare jurisdictions side by side

See 2 or 3 jurisdictions side by side: all-in cost for year 1 and year 2, headline tax, audit, registers and time to form. Hong Kong is a good fit for trade with China & Asia, territorial tax. Singapore is a good fit for Asia HQ, investors, treaties with around 100 jurisdictions. British Virgin Islands is a good fit for holding, JV, investment vehicle.

Bermuda compared with British Virgin Islands: cost, tax, reporting and setup
Comparing2 jurisdictions
Bermuda flag
British Virgin Islands flag
Offshore · Exempted CompanyCurrent price available on requestCurrent price available on requestGet a quote for Bermuda
Offshore · BVI Business CompanyUS$1,925Year 1 all-inStart in BVI
Cost
Year 1 all-inCurrent price available on requestUS$1,925✓ Lowest
From year 2Current price available on requestUS$1,795
3-year cost (Starter)Current price available on requestUS$5,515
Tax & reporting
Headline tax0% (15% large MNEs)0% local
Annual auditYesNo✓ Best
Public registerDirectors and members open to inspection; BO not publicNot public
Setup
TypeOffshoreOffshore
EntityExempted CompanyBVI Business Company
Minimum directors11
Legal systemCommonCommon
Time to form1–2 weeks2–5 days
Best forInsurance and institutionalHolding, JV, investment vehicle
A green tick marks the stronger value in a row. Prices include government fees and, for Singapore, the resident director a non-resident needs. Yearly costs the law requires but that we quote separately are named under the figure; rows with such costs show no tick. Headline tax rates are a summary; your specialist confirms how they apply to you before you pay.

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AI answers from OCC’s published jurisdiction facts · no sign-up

Which one for your situation

  • You need a business bank account soon

    Hong Kong or Singapore. Banks usually find onshore companies easier to assess, but each bank decides.

  • You want a lower running cost

    British Virgin Islands, from US$1,795 a year based on published year-2 prices.

  • You only hold shares or other assets

    British Virgin Islands. Your home country may still tax the income, so check that first (confirm with your specialist).

  • You need it fast

    Hong Kong, typically 1–2 business days after KYC approval.

Need all three? Some owners hold one company under another. We quote the whole structure as one package. Get a structure quote

General guidance based on headline rules, not tax or legal advice. Your specialist confirms how tax residency, substance and banking apply to you before you pay.