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Company Formation In Bvi

The British Virgin Islands (BVI) offers a simple and efficient company formation process with tax benefits, confidentiality, and minimal reporting requirements. Ideal for global business, BVI provides a stable environment for international trade and investment.

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Limited Liability Company – IBC Company – International Business company

BC Company

We strongly recommend the BC Company considering the nature of business plan in EU and overseas market. It is also commonly known as BC Company and having separate legal entity. In this company, as per norms you will have 100% ownership with you and no need to have any local BVI resident Partner. You will have full liberty and freedom to do business and day to day banking.

Formation, License fees & time frame normally 3 working days.

Under the BVI Business Companies Act 2004, companies incorporated in BVI are defined Business Company (BC).
BVI BC’s are very popular and widely used offshore companies because of their administrative ease, flexibility, taxation exempt status and the fact that they are widely accepted and recognized by the international financial community.
Formation & time frame – 4 working day

Minimum requirements for registration of a BVI company

One Shareholder either individuals \ Limited entity

  • Know-Your-Client – KYC Norms For individual: Copy of passport, overseas residential address proof, and other KYC information such as personal and business profile, etc.
  • If the shareholder is a corporate entity ( in BVI ) : Copy of registration documents such as Certificate of Incorporation and Memorandum & Articles of Association and Board Resolution.

One Director either individuals \ Limited entity

  • The minimum number of directors is one, who may be a natural person or a body corporate. Directors may be of any nationality. Corporate directors are permitted in BVI.
  • Copy of passport and overseas residential address proof

Business trade License & Banking

A BVI Company has all the powers of a natural person. To carry out international business License is not required for BVI Company.The company can do international business in trading, manufacturing, consultancy, investment, marketing and laison work, commission agent, sourcing agent and other major business as permissible under law.

Advantage of Business Set in BVI

  • Strategically planned, developed, and expanding economy
  • Integrated into a rapidly growing EU economy
  • Stable and balanced environment conducive to business growth
  • Advanced banking and financial center
  • Secure and safe business landscape
  • Robust infrastructure, including ports and transportation facilities
  • Key hub for multinational corporations, trading firms, and investment bankers

Documents Required For Company Incorporation

For Individual Directors and Shareholders:

  • Copy of passport
  • Copy of proof of residential address (e.g., recent utility bill or phone bill)

For Corporate Body Directors and Shareholders:

  • Copy of registration documents (e.g., Certificate of Incorporation and Memorandum & Articles of Association of the parent company)
  • Board resolution for investment, along with a proposed business plan

Income Tax, Dividend and other Benefits

In the BVI, there is no tax on profits, income, gains, or dividends, allowing companies to repatriate their entire profits. BVI companies are not required to maintain books or file audited accounts during renewal, but they must submit an Annual Tax Return to the Company Authority each year, with no income tax owed. Additionally, a license is not needed for conducting international business, and filing an annual return is not mandatory.

Important Notes:

  • No physical presence of shareholders or directors is required for company formation.
  • All documents must be in English or officially translated into English.
  • All document copies must be certified true copies by a notary public or self-certified.
  • You may email scanned copies of documents for initial processing; however, certified true copies must be received before incorporation can occur.
  • Our compliance department may request additional information if needed.
  • A duly filled Company Formation Request Form is required.

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To date we are providing Accounting Services for more than 250 clients
across the UAE in Trading, Construction, Real estate, Healthcare,
Logistics and other services.

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