Due Diligence Requirements

New clients

For the proposed BVI company:

• Information, and documentation if available, describing the intended activities of the company
• The source of any funds or assets which are to be held by the BVI company.

For each beneficial owner of the proposed BVI company:

• Full name
• Permanent residential address - both mailing and street address, if different
• Background information (this may be in the form of a C.V.)
• Copy of a government issued identification certified as a true copy by a notary public
• Copy of utility bill as proof of address certified true copy by a notary public
• A reference from a professional advisor (outline pro-forma attached)
• A reference from a recognized bank

Confirmation of professional tax advice from accountants or tax lawyers and that the beneficial owners are aware of the tax consequences of having beneficial ownership in a foreign corporation

To view a specimen Letter of Reference, click here.

The British Virgin Islands Government Code of Practice requires us to "know our client". Click here to view the Client Resume form.

For providing directorship services

• the reason why the provision of directorship service is required
• outline of any documentation that we would be expected to sign in our capacity as director
• background information, full names and residential addresses of the beneficial owners
• copies of a government issued identification of the beneficial owners (certified as true copies by a notary public)
• copy of utility bill as proof of address (certified as a true copy by a notary public)
• professional reference (outline pro-forma attached) and reference from a recognized bank for the beneficial owners
• full details of the purposes and intended activities of the companies
• confirmation of who is to administer the companies
• a declaration of indemnity to be signed by the beneficial owners and the director (drafted by us)

It is our firm policy not to allow bearer shares to be issued for companies to which we provide directorship services. If the beneficial owners do not wish to become the shareholders of the company, we can provide a nominee shareholder and would require a declaration of trust and indemnity to be signed by the nominee shareholder and beneficial owners (drafted by us). We do not charge any extra fees for the provision of nominee shareholder if we are also providing directorship services.

To view a specimen Letter of Reference, click here.

The British Virgin Islands Government Code of Practice requires us to "know our client". Click here to view the Client Resume form.