Registration of a company at BVI (British Virgin Islands)

Name of service Bronze Silver Gold Platinum
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Set of constituent documents Preparation of a complete package of constituent documents of a company of any form of ownership
Legal address for 1 year Provision of legal address for your company in a given jurisdiction, eliminating the need to purchase or rent real estate
Nominal service for 1 year Registration of a company with nominal service and provision of nominees for 1 year. The price includes issuance of additional documents: power of attorney, trust documents and agreements
Support in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Support in opening a personal account Collecting, preparing and submitting the necessary documents to open a personal account
Total cost
1660 USD 2250 USD On request On request
Annual renewal (paid from the second year)
1500 USD 1960 USD 1960 USD 1960 USD

Deal of the month

If you will register a company until June 30,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

The British Virgin Islands (BVI) is a classic offshore zone with flexible terms and conditions of company registration. You can open a company here where the activities will not be subject to various taxes. It is an excellent opportunity to conduct confidential activity promising to be highly profitable in conditions of economic stability. The local government encourages establishing offshore companies in the British Virgin Islands, placing deposits in local banks, and the performance of credit and debit transactions on accounts. If this preliminary overview appears to be attractive at first glance, you may arrange your presence in the British Virgin Islands in one of the next forms.

Major Forms of Legal and Business Presence

If an opportunity of founding a business in the British Virgin Islands appears to be favorable to you, this can be done in one of these basic forms:

  • Business Company Limited by Shares – a legal person where the financial responsibility of its shareholders is limited to the amount unpaid on the shares held by them. Also, such an enterprise is legally separated from its shareholders. There are no restrictions concerning the nationality of founders. The enterprise is usually used for holding activities, trading. e-commerce, trusts, etc. To found this entity, at least one shareholder and one director are required (this can be the same person). There are no strict demands concerning authorized capital. Still, the standard amount constitutes USD 50,000 (50 000 shares, USD 1 each). At least one share has to be paid up. This body corporate ensures a high level of privacy for its beneficiaries.
  • Partnership - a business option that unites two or more persons who jointly conduct business and are severely liable for its results. The cooperation is based on the partnership agreement.
  • Limited Partnership - an option for doing business that is based on the partnership agreement and that is not a body corporate. It is designated for carrying out any lawful business activity provided that it should have (i) one or more general partners whose financial responsibility is not restricted in any way but who manage the joint business conducted by this limited partnership, and (ii) one or more limited partners whose liabilities are restricted to the amounts of the contributions made or committed but unpaid. Natural and legal persons, as well as partnerships, may be partners of the BVI limited partnership. This limited partnership should have a registered agent at any time of its existence. The registration of the limited partnership is required by the law.
  • Branch - an option applicable to a foreign company that intends to carry out its business activities in the BVI territory (have its “place of business”). This can be lawfully carried out only after completing registration. Such an overseas company shall have at all times its registered agent in the BVI. The details of registered overseas enterprises are entered in the Register of Foreign Companies.

Registration Requirements and Steps

If you are going to incorporate a company in BVI, you may need preliminary pass these business-establishing steps:

  1. Identify key business objectives you are going to realize through the BVI enterprise.
  2. Choose, verify, and reserve a business name for a future entirety.
  3. Gather details about prospective founders, beneficiary owners, managers, and agents of a legal person that will be incorporated in the BVI.
  4. Arrange a registered address for an enterprise.
  5. Forming a statutory capital for a prospective legal person.
  6. Draft and formalize statutory documents for a legal person.
  7. Lodge the package of compulsory documents to the registrar.
  8. Registration for tax and social security purposes.
  9. Getting licenses and special permits (required for certain types of regulated business activities).

The concrete registration procedure may slightly vary depending on the case. Our layers are ready to guide you on the peculiarities of such registration in your concrete case.

Legal and Regulatory Framework

The local legislation is very flexible in terms of the founding and further maintenance of a business. It is based on English common law. The registration procedure is rather simple and straightforward, without excessive bureaucratic formalities. According to the law, company registration in the British Virgin Islands provides you access to the developed infrastructure and construction of mutually beneficial relations with OECD and FATF. A mandatory requirement is the presence of a registered agent in the BVI. Non-residents may rent the property, purchase is prohibited. The offshore zone of the British Virgin Islands provides the appointment of director and shareholder. It may be legal entities/individuals, different or the same person in two roles.

The major legal act regulating the process of establishing and operating a business in the BVI is the BVI Business Companies Act and the Limited Partnership Act. The principal state regulatory authority in the field of running a business is the Financial Services Commission that includes the Registry of Corporate Affairs.

Advantages of the Jurisdiction

Incorporation of a company in the British Virgin Islands may be promising in view of these potential benefits the jurisdiction offers:

  • economical and political stability;
  • good reputation;
  • high level of security and confidentiality;
  • opportunity of using nominee services;
  • simple registration procedure;
  • highly advantageous tax conditions;
  • no obligations to make auditing;
  • existence of various options to buy a ready-made company or found a new one;
  • opportunity to re-register a company in other offshore jurisdictions.

Tax System

Establishing a company in the British Virgin Islands may be beneficial taking into account these basic tax highlights:

  • Corporate income tax – not applicable (N/A)
  • Personal income tax – 0%
  • Value-added tax – N/A
  • Withholding tax (for dividends, interests, and royalties) – N/A
  • Capital gains tax – N/A

How Prifinance Specialists May Help You

If you are going to open a company in the British Virgin Islands, Prifinance specialists may guide you precisely on the process. Our lawyers are ready to pick the most suitable option for your commercial objectives, draft all documents compulsory for the registration, and complete this process upon your request. Prifinance specialists may also open a corporate bank account for the prospective legal person and support its further operation. Reach us shortly for more precise consultations and suggestions on the registration and other business-related matters.

Cooperation

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I NI N
10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
K NK N
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again
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