Company formation in the BVI

Company formation in the BVI (Company formation British Virgin Islands) - an introduction.
The International Business Companies Act was introduced into the BVI in 1984, and since that time in excess of 500,000 International Business Companies (IBC's) have been incorporated. The BVI is generally considered to be the most popular offshore corporate domicile.

More about company formations offshore (including offshore shelf companies)
A BVI IBC is relatively quick to incorporate. Name approval can be obtained by us online with the Registry of Companies, incorporation documents can be submitted by us the same day, and are generally completed by the Registry of Companies and returned to us within 2-4 days. Alternatively, we maintain a number of shelf companies available for immediate use by the client.

BVI IBC (British Virgin Islands International Business Company) - the advantages
The popularity of BVI IBC's is based on the solid reputation of the BVI as a highly respectable and well-regulated jurisdiction, the flexibility of the structure, the relatively low cost, and the speed of incorporation.

After a company formation must a director resides in the jurisdiction?
The minimum number of directors of an IBC is one. Personal or corporate directors are acceptable, and they do not have to be resident in the BVI, or visit the BVI.

BVI company formation - what does it cost?
The basic formation cost of a standard IBC is in the region of US$1,000, excluding specific additional time spent in providing additional professional advice etc.

BVI company formations - other frequently asked questions
Do the directors and shareholders of an IBC have to be disclosed to the BVI Authorities? - NO
Does an IBC need to prepare or file annual accounts ? - NO
Does an IBC require to be audited - NO
Can an IBC issue bearer shares? - YES, but subject to certain restrictions and procedures

Please telephone us if your interest is in:

• Company formation BVI
  
• Company formation British Virgin Islands
  
• Company formation offshore shelf