How many companies are registered in the BVI?

The British Virgin Islands (BVI) remains one of the world’s most prominent offshore financial jurisdictions. It is internationally recognized for its business-friendly legislation, tax neutrality, and efficient incorporation regime, as of the most recent reports from the BVI Financial Services Commission (FSC).

Total Number of Registered Companies

• Over 370,000 active companies are currently registered in the BVI (as of late 2023).
• Since the enactment of the BVI Business Companies Act, 2004, the jurisdiction has seen over 1 million companies incorporated in total.

Company Formation Trends

• BVI records around 6,000 new incorporations quarterly, but sometimes hits 10,000, depending heavily on market conditions and economic vagaries.
• While regulatory tightening and global compliance standards have affected some jurisdictions, BVI maintains a remarkably high volume of incorporations, owing largely to a stable legal framework and a strong international credibility.

Reason BVI Is a Leading Jurisdiction

• No corporate or income taxes on offshore profits
• Robust asset protection laws
• The common law legal system is based on English principles
• Confidential ownership structures, balanced with global transparency initiatives
• Favored for holding companies, investment vehicles, trusts, and intellectual property structures

Offshore Company Corp provides extensive support services for entities seeking BVI offshore company formation, including name reservation and nominee services and international banking facilitation.