British Virgin Islands

Since the adoption of the British Virgin Islands International Business Companies Ordinance in 1984, the BVI IBC has attained a model status in the offshore services industry. The BVI’s is currently the most recognized offshore tax haven in the world. Apart from very popular Business Company, BVI registered agents provide popular and widely successful trusts services.

The BVI combines a politically-stable environment with a proven legal and court system based on the British legal system and English common law. Key BVI advantages include its tax-neutral environment, with zero income, capital gains, estate or wealth taxes and English being the official language, with the US dollar being the legal tender.

Legal formBusiness Company - Companies Limited by Shares
LegislationEnglish common law
BVI Business Companies Act, 2004
Foundation timeOnce received all required documents from a client, a new BC incorporation takes usually 4 days and documents are delivered within 3 weeks.
ShareholdersMinimum required: 1
Form: physical person/corporate body (both possible)
Nationality: BVI nationality not necessary
DirectorsMinimum required: 1
Form: physical person/corporate body (both possible)
Nationality: BVI nationality not necessary
Other: local director recommendable to ensure higher anonymity
Share capitalNo specific requirements
Bearer sharesYes (but to be held by a custodian only, e.g. registered agent)
TaxesBased on the BVI International Business Companies Act 2004, the BCs are generally completely tax-free offshore corporation (exempt from the BVI income tax, dividends, interest, rents, and royalties). Also, no estate, inheritance, succession or gift tax is payable with respect to any shares, debt obligation or other securities of BVI BC.
AccountancyFiling of accounts not required
AuditNot required
Anonymity and confidentialityDetails of ultimate beneficial owners/shareholders/directors are not part of public record. This information is only known to the licensed Registered Agent and is therefore kept in complete confidentiality.
OtherRegistered office: Must be maintained in BVI
General meetings: Anywhere in the world

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Our services fulfill Czech Standard - ČSN EN ISO 9001 & Czech Standard - ČSN ISO/IEC 27001