BVI, or formally known as the British Virgin Islands, has always been an attraction for businessmen and entrepreneurs globally to set up their offshore companies due to its tax benefits for companies. It can be a tough and arduous task to register a company in BVI, however, with our expertise at the Worldwide Fellow, it can be fast and cost-effective.
Can a foreigner register a company in BVI?
The British Virgin Islands has been a popular jurisdiction due to its tax benefits and friendliness to foreign investors on their shores. Without a need for a local director in BVI, you are guaranteed that your new BVI entity is 100% fully owned by you. The minimum requirements of a BVI company would be 1 director, 1 shareholder and a corporate secretary of any nationality.
However, a local registered agent and a local registered address are required, to attend to your business matters such as official contact and delivery in the BVI.
Selecting your BVI Company
It is crucial that you understand the different structures and entities for companies in the BVI to help you achieve your end goals. Typically, the most common entity foreign businessmen would select to incorporate would be the International Business Company (IBC)
, which provides various benefits, especially in terms of taxes.
Incorporating your BVI Company
Then, our team will assist you in preparing the relevant documents needed for the incorporation. Concurrently, we will help you check with the local registrar and reserve your preferred company name to confirm its availability. Once everything is set, we will submit it to the relevant authorities for you. Throughout the incorporation process, travelling to the British Virgin Islands is not required.
Turnaround time after receiving the documents, can take anywhere within 3 days to 1 week. Upon your company being registered, we will notify you through email and send you the documents such as the Certificate of Incorporation to your registered email address. Subsequently, we will courier these documents to you at your preferred address for your safekeeping.
Opening your BVI Corporate Bank Account
After the successful incorporation, our consultants will proceed to assist you in opening a corporate bank account. We can help you open an account through our business relationships with world-class banks and financial institutions in different jurisdictions. Travelling is optional depending on the institution you are opening the account at.
Typically, a corporate bank account can be opened within 2 – 4 weeks, at the bank’s discretion. Once the corporate account has been granted and set up, your company can be up and running, ready to expand its global reach and success.
Do contact us here or email us at firstname.lastname@example.org and we will gladly assist you in registering your BVI company today!
Learn more about your BVI company here.