Juristiction In The BVI
|6th Floor, Waters Edge, Building 1,Wickham’s Cay 2, Road Town,Tortola, BVI.
|English common law
Company acquisition time
|Available on request
Typical incorporation costs for International Business Companies
|US$350.00 – US$1,100.00
(dependent on the number of shares the company is authorized to issue)
|Typical professional costs for formation
|Ranges between US$850 to US$1,000 (for a standard company)
Annual charges for International Business Companies
|US$350.00 – US$1,100.00 (on the number of shares the company is authorized to issue)
|Registered agent fees
|US$850.00 – US$1,400 (but depends on time spent on administration)
|No requirement for shareholder to be resident in the BVI
|No minimum requirement
|Not required to be disclosed to the Government, but must be disclosed to the registered office and other service providers as part of anti-money laundering and “know your client” requirements
|1 (one or more Directors are appointed for practical purposes only as there is no legal requirement for Directors to be appointed)
|No requirement for directors to be resident in the BVI
|Yes, corporate directors are permitted
Local presence requirements
|No resident director requirements. Local directors may be provided by agreement with service providers
|Annual general meeting
|Not required for IBC companies.
|No requirement for an audit.
|A company shall keep records that (a) are sufficient to show and explain the company’s transactions; and (b) will, at any time, enable the financial position of company to be determined with reasonable accuracy.
|Yes — companies can migrate to and from the BVI