top of page

British Virgin Islands

Legal form:

BVI

Delivery:

2 weeks

Price: $

2500

Payment methods:

payment methods.webp

Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 
3.Memorandum (Provided by B2B Hub)
4.Articles of association (Provided by B2B Hub)

Registrar

Organization name

Government of the British Islands

Abbreviation

BVIFSC

Country

British Virgin Islands

Phone

1284) 494-1324

Listing
UK comapny formation (1).webp

About

British Virgin Islands

Capital
Official languages
Population 
Currency

ISO 4217

Road Town

English

30,231

United States Dollar

BVI

FAQ

Q: What is a legal entity in the BVI?

A: A legal entity is a separate legal structure that is formed and registered in the BVI. It can be used for a variety of purposes, including to hold assets, conduct business, and manage investments.


Q: What types of legal entities can be formed in the BVI?

A: The most common types of legal entities formed in the BVI are companies, limited partnerships, and trusts.


Q: How do I form a legal entity in the BVI?

A: To form a legal entity in the BVI, you must engage the services of a registered agent who will submit the necessary documents to the BVI Financial Services Commission. The process typically takes a few days to a few weeks, depending on the type of entity being formed.


Q: What documents are required to form a legal entity in the BVI?

A: The specific documents required depend on the type of entity being formed, but generally include a memorandum and articles of association (for companies), a partnership agreement (for limited partnerships), or a trust deed (for trusts).


Q: Do I need to have a physical presence in the BVI to form a legal entity there?

A: No, you do not need to have a physical presence in the BVI to form a legal entity there. However, you will need to engage the services of a registered agent who is based in the BVI.


Q: What are the advantages of forming a legal entity in the BVI?

A: The BVI is a popular jurisdiction for legal entity formation due to its favorable tax regime, strong legal framework, and business-friendly environment. Additionally, BVI entities are recognized and accepted internationally, making them a good option for international business and investment.


Q: What are the ongoing compliance requirements for a legal entity in the BVI?

A: The specific compliance requirements depend on the type of entity, but generally include filing annual returns and maintaining proper books and records. Your registered agent can provide you with more information on the specific requirements for your entity.


Q: Can I use my BVI legal entity to do business outside of the BVI?

A: Yes, you can use your BVI legal entity to conduct business anywhere in the world, as long as you comply with the relevant laws and regulations in those jurisdictions.

Economy

The British Virgin Islands is a small Caribbean nation with a population of just over 30,000 people. The economy of the British Virgin Islands is largely dependent on tourism, financial services, and fishing. According to the World Bank, the GDP of the British Virgin Islands in 2019 was $1.2 billion, with a GDP per capita of $41,845. The unemployment rate in the British Virgin Islands is low, at just 4.2%. The inflation rate is also low, at 1.2%. The British Virgin Islands has a strong financial services sector, which accounts for around 40% of the country’s GDP. The tourism sector is also a major contributor to the economy, with over 1 million visitors to the islands in 2019. The fishing industry is also an important part of the economy, with the country exporting over $20 million worth of fish and seafood in 2019. Overall, the British Virgin Islands has a strong and stable economy, with a low unemployment rate and a high GDP per capita.

Taxation

The British Virgin Islands (BVI) is known for its favorable tax system, which includes no corporate tax, no capital gains tax, no inheritance tax, and no personal income tax. However, companies operating in the BVI may still be subject to various taxes and fees. 


Corporate taxation in BVI:

- There is no corporate tax in BVI, except for specific types of companies such as those involved in the banking or insurance sectors.

- Instead, companies in BVI are subject to an annual government fee, which varies depending on the type and size of the company.

- BVI also imposes a 6% stamp duty on certain transactions, such as the transfer of shares or land.


Personal taxation in BVI:

- There is no personal income tax in BVI, regardless of residency status.

- However, there are other taxes and fees that may apply to individuals, such as import duties, property taxes, and social security contributions.


Payment process and calendar:

- BVI companies are required to pay their annual government fees by January 31st of each year.

- Other taxes and fees may have different payment deadlines, depending on the specific tax or fee.

- Payment of taxes and fees can be made online or at designated government offices.


It is important to note that tax laws and regulations in BVI are subject to change, and companies and individuals should seek professional advice on their specific tax obligations and requirements.

Company incorporation application form

Representative

Chosen company name

Main business activity

Legal address of director

Extra services

Submit ✉

Your inquiry has been submitted. Thank You!

We will contact you shortly…

PDF application form

B2B hub provides fillable PDF application forms, you can simply save the filled form and send us by email clicking here  reg@b2bhub.uk or live chat

bottom of page