Business formation in British Virgin Islands - Cost 850 €
BVI is one of the popular jurisdictions because it has a very simple legislation and fairly low costs. The BVI’s modern and flexible legislation has led to its status as the most popular offshore location.
The BVI government has strengthened legislation to preclude the registration of offshore banks on its territory which has in return successfully curtailed money laundering activities.
Taxation and Fees
British Virgin Islands International Business Companies are zero tax entities as long as profits are derived outside of British Virgin Islands. All annual renewal fees are due on the anniversary of the company. Government fees are fixed for life.
Businesses are exempt from stamp duty on exchange of shares or the sale of any assets.
What you get with your offshore business registration:
- Company Incorporation
- Registered Office and Agent for the first year
- Government Fees for the first year
- One Registry Stamped M&A
- One original Certificate of Incorporation
- Appointment of First Director
- Written Resolutions of the First Director
- Register of Directors
- Share Certificate/s
- Company Seal
- Apostilled copy of the Certificate of Incorporation and Registry Stamped M&A
The standard time frame for incorporation is 3-5 working days. After which we will have to wait for the documents to arrive which can take up to two weeks.
Nominee Director Services:
The nominee director service is used to ensure the highest degree of privacy and confidentiality, as the name of the director will appear in the corporate documents, in any business contract and eventually in the jurisdiction’s business register. An additional advantage of using a nominee service is to place the “control” issue firmly outside a high tax jurisdiction.
Cost 300 €
Power of Attorney:
If you choose the “Nominee Director Services” this additional service can be issued in your favor in order to be able to act on behalf of the company.
Cost 100 €
BVI Company renewal fee: 500 €
Bank Account creation: 450 €