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BVI Company Formation

BVI Company Formation

British Virgin Island (BVI), a British Overseas Territory, is the world’s leading center for company incorporation. There are around 40% offshore companies are formed in BVI. There are thousands of corporations being formed in this jurisdiction every year.

BVI Advantage

  • Only one director and one shareholder is required, no natural person or local residency required
  • Company bank accounts can be held anywhere in the world
  • High level of confidentiality
  • No foreign exchange control restrictions
  • USD is the official currency
  • No taxes
  • No annual tax return and reporting requirement
  • Fast and efficient process

  • Tax Treatment

  • No corporate tax
  • No capital gain tax
  • No interest tax
  • No dividend tax

  • Requirement:

    For each beneficial owner, shareholder, director, authorised signatory:

  • A notarized copy of passport
  • A notarized copy of utility bills/ proof of address within three months
  • Business summary including services, industries and major operating countries
  • Shareholding company certificate, company registration and constitution
  • Shareholding company ultimate beneficial owner and director notarized copy of passport, utility bills/ proof of address within three months
  • The proposed 3 company names with ending suffix “Limited”, “Corporation” or “Incorporated”; or the abbreviation “Ltd”, “Corp” or “Inc”
  • The usual authorized is 50,000 shares or lower (no real deposit requirement)

  • UCG Services

  • Company formation
  • Assisting client to complete all application forms
  • Provide and obtain documents to clients
  • Provision of first year registered agent service
  • Provision of registered office
  • Bank Account opening

  • Duration to Set Up

    1 week