Business, Corporate and Investor Services


British Virgin Islands

The British Virgin Islands (BVI) is a group of islands in the Caribbean Sea and a member of the British Commonwealth. Since introducing its International Business Company (IBC) legislation in 1984, the BVI offshore financial services sector is now the world's most popular offshore center with around 800,000 companies incorporated. The newly enacted Business Companies Act should further enhance the jurisdiction’s popularity.

Corporate Requirements


1. Every BVI company must have a Registered Agent and Registered Office in the BVI, provided by a licenced service provider.

2. Each company must have at least one director and corporate directors are permitted.

3. The company should have at least one shareholder and bearer shares are allowed. Details of the shareholders do not appear on any public record.

4. There are no requirements for annual returns, annual meetings or audited accounts.

Law & Taxation


BVI’s legal system is based on English common law supplemented by local ordinances. There are no taxes levied on Business Companies with the exception of the annual government license fee. Companies that fail to pay their license fee by the due date are subject to penalties and those that fail to pay five months after the due date will be struck off the Register. There are no exchange controls or restrictions on the flow of currency in or out of the territory.