Company Administration Guidelines

Share Capital:

  • There is no minimum capital requirement for a BVI IBC.
  • An unlimited number of shares is permitted. Bearer shares are permitted but are subject. to a custodian service and also a higher government license fee.
  • Can be formed with one shareholder who can also act as the director.
  • The use of nominee shareholders is permitted.

Directors:

  • A minimum of one director is required, can also act as a shareholder if required.
  • Directors can be either individuals or corporate entities.
  • Directors must now file all particulars online as per Section 118B of the BVI Business Companies Act.

Restrictions on Name & Activity:

  • The company name must not be identical or similar to any existing name.

Local Requirements:

  • A registered office in the BVI must be maintained. The following documents are required to be kept at the registered office; Memorandum and Articles of Association and any amendments, Copy of Register of Members or Share Register, Copy of Registered Directors, Impression of the Corporate Seal, Register of Changes. A company is considered resident if it has a registered office in the BVI.
  • There is no requirement to hold annual meetings. If required meetings can be held anywhere in the world.
  • A company secretary is not a mandatory requirement for incorporating a BVI IBC.

Confidentiality:

  • The Register of Members and resolutions by the company do not appear on public record.
  • Details of the company’s beneficial owners, directors and shareholders do not have to be made publicly available.
  • The only documents held on public record are the Memorandum and Articles of Association which do not contain any details of beneficial directors or shareholders.

Timescale:

The incorporation of a BVI company is very quick and will take approximately two days.

Take the next step, we are here to help.

Register a BVI (British Virgin Islands) company.
Open a BVI (British Virgin Islands) bank account.