Having a BVI company is a popular jurisdiction for offshore company formation, due to its ease of setup, territorial tax system and variety of structures.
At Worldwide Fellow, our experts are readily available to assist our global clients to register a company in the British Virgin Islands BVI. The services include company formation, providing local nominee directors, and opening corporate bank accounts.
On average, your British Virgin Islands BVI company can be registered within one business day upon submitting the necessary documents.
Typically, the process of incorporating your new British Virgin Islands legal entity can be as fast as one business day, as soon as we have received all necessary documentation in order.
• Choose a business entity: Our team of experts will reach out to you and advise you on the different types of companies in The British Virgin Islands that best fit your business profile. The most common option for offshore companies in the BVI is the International Business Company (IBC).
• Choose a company name: Concurrently, we will thoroughly search the local Registrar’s Index of Names for the availability of your desired company name and reserve it. The company name has to be unique and not in use by another business.
• Appoint directors and shareholders: A company in the BVI must have at least one director and one shareholder, who can be individuals or corporate entities. Additionally, a local registered agent is required. We can provide resident nominee directors, shareholders, registered agent if necessary.
• Completing all documents: Subsequently, we will collect information and assist you with the necessary documentation and registrations with the relevant authorities for your BVI entity.
✓ Providing Nominee Services (Director / Shareholder)
✓ Opening of a Corporate Bank Account with International Banks
✓ Providing a Local Address or Serviced Office
✓ Obtaining a Business License (if necessary)
And you’re done! After the successful incorporation of your new British Virgin Islands entity, you are all set to carry out business worldwide. We will courier over the relevant incorporation documents to your preferred address for your safekeeping. Time of delivery varies depending on your location.
To set up a BVI company, you’ll typically need to provide:
A clear passport copy of each beneficial owner, director, and shareholder
Recent proof of residential address (e.g., utility bill or bank statement, within 3 months)
A completed Know Your Client (KYC) form
Details of your intended business activities
Additional documentation may be requested depending on your jurisdiction and service provider’s due diligence requirements.
BVI company incorporation is fast and efficient. In most cases, companies can be registered within 1 to 3 business days after all due diligence documents are submitted and verified.
Yes, it is mandatory under BVI law to appoint a licensed local registered agent. The agent handles incorporation, regulatory filings, and acts as the point of contact with the BVI Financial Services Commission. Without one, you cannot legally form or maintain a BVI company.
Absolutely. You do not need to visit the British Virgin Islands in person to set up a company. All documentation and verification can be completed online or via email through your registered agent or service provider.
A BVI Business Company can engage in a wide range of international business activities, including:
Holding assets or intellectual property
Trading and investment
Consulting and professional services
E-commerce or online businesses
Certain regulated activities (e.g., banking, insurance, or fund management) require additional licenses from BVI authorities.
Ready to incorporate in BVI? Talk to our experts today and get your BVI company up and running in no time!