BVI Company Incorporation with our Package: Company Registration + Bank Account Opening + Registered Agent and Address + Annual Filings and Renewals, etc.
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No tax on the income generated outside of the BVI.
Auditing books of accounts and records is not required.
No public record of company members' identities.
Foreigners can easily set up a company with no restrictions.
We will clear the paperwork and do everything needed to incorporate your company.
Meeting mandatory legal requirements is streamlined remotely for you.
Our experience assists in bank account opening at traditional banks or EMIs.
Say "no worries" to the annual renewals and complexities of timely filings.
Enjoy ease in meeting the mandatory annual compliance requirements of filing forms and company renewal for your BVI company, done entirely online.
Focus on your business while we notify you and take care of your upcoming important deadlines.
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Maintaining books of accounts is simple with Vepapu, & it is required for annual filings and total compliance.
Don't let the complex process of economic substance filings hinder your journey. We have got it covered.
Ongoing company changes and the entire management process can be done online in just a few minutes.
Inclusive of government fees
Renew from year 2 @ $1,499 annually
Company, Compliance
Company, Compliance, Banking
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7-10 days
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$299/yr
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$1,499/yr
$1,499/yr
$349
$349
$349
$249
$349
$299
$299
US$ 1,499
$1,999
Use promo "BVIINC1" to get $500 OFF
Renew at $1,499 per year
Includes all govt. fees
7-10 days
$299
US$ 2,349
$2,999
Use promo "BVIINC2" to get $650 OFF
Renew at $1,499 per year
Includes all govt. fees
7-10 days
$159
$299
7-10 Days
$159
$299
Contact Us
$1,499 per yr
$1,499 per yr
$349
$349
$349
$249
$349
$299
$299
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Attorneys, lawyers, finance professionals, investment advisors, and other professionals supporting clients with offshore formations and compliance: We can help you simplify processes and enhance client satisfaction.
A certified true copy (scanned version) of the passport (valid for at least 6 months)
A comprehensive Curriculum Vitae (C.V.), Resumé, or Linkedin profile.
One of the scanned copies of a bank reference, bank statement, Utility bill, or Driver license.
It should clearly show the holder's full name along with a physical address written in English (P.O. Box addresses are not accepted).
It must be the most recent version and dated within the last 3 months.
Please provide us with certified true copy (scanned version) of the following company documents:
Certificate of Incorporation
Memorandum and Articles of Association / Constitution
Register of Director
Register of Shareholder / UBO
Extract of the company’s details from the Registrar of Companies, which can include any of the following: Business Profile / Certificate of Incumbency / Certificate of Good standing (valid for within 6 months if any).
All members of the corporation, including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact persons, must provide identity and address proofs as mentioned above.
Register your BVI company quickly with our expert assistance. We'll work with you throughout the journey of your company's registration and compliance management.
Select the pre-built package or customize it according to your needs.
We'll obtain all the relevant documents and information from you.
Application submission and follow up with the registrar for speedy approval.
Annual filings and renewals done on time, remotely, to ensure compliance.
General
There is no public directory in the BVI. Directors' and shareholders' details will not be made public under any circumstances.
The registers of company directors, shareholders, or beneficial owners should be kept at the address of the registered agent. The company has the option to file the information with the registrar for registration.
when you set up an offshore company in the British Virgin Islands (BVI), your International Business Company (IBC) enjoys a tax-free status for the profits it makes. This includes all income earned outside of the BVI. Your business is exempt from local taxes, making it one of the most sorted options for offshore company founders.
Vepapu simplifies the journey of forming and managing your offshore company in the British Virgin Islands (BVI). Our all-inclusive platform and expert services cover every step. We offer registered agent services, local business addresses, nominee director and shareholder options, and even accounting plans. With Vepapu, you'll navigate compliance seamlessly and manage your company effortlessly through our user-friendly online dashboard. Change company details, alter share capital, and more with ease. Your offshore success story starts with Vepapu, and we will ensure your journey is smooth and hassle-free.
Below are the different forms of companies in the BVI:
1. A company limited by shares
2. A company limited by guarantee with or without shares
3. An unlimited company with or without shares
Management
Companies are not required to provide financial documents when filing annual returns; hence, there is no need to do accounting and/or bookkeeping. Companies are not required to provide financial documents when filing annual returns.
If you want to have an accurate financial picture of your company, you can opt for an accounting and bookkeeping plan from Vepapu. This makes your journey very simple, transparent, and data-driven.
Every year, your company needs to pay a fee (which depends on the authorized share capital of the company) to the government.
1. For BVI offshore company authorized to issue no more than 50,000 shares, the renewal fee is US$550;
2. For BVI offshore company authorized to issue more than 50,000 shares, the fee is US$1,350.
This is to keep your company's records up-to-date and legal. You also have to send a report to the Registrar, which is like the official keeper of records. In this report, you say that no changes, other than ones already notified to the Registrar, have been made to the Memorandum of Association, and no business has been carried out within the country. This keeps everything transparent and in line with the rules.
We make sure that you don't miss these steps, so your business can run smoothly without any issues. We will inform you of these encounters at least 2 months in advance, which gives you flexibility to take actions easily on the Vepapu dashboard.
First, you need to keep your local registered agent and registered address in place. This helps keep your company's official records accurate and accessible.
Also, you have to pay an annual fee. This fee is based on the authorised share capital of the company. This keeps your company compliant with the BVI rules and regulations.
No, a BVI Exempted Company isn't required to hold an annual general meeting (AGM) as per the Companies Law. But if the company's Articles of Association say it should or if most of the Board of Directors agree, then an AGM can happen. It's not a must, but it's possible if you want to have one.
The maintenance costs include the following:
1. Annual fee (depends on the authorised share capital of the company); and
2. Registered Agent fee.
Directors
No, there is no need to have local directors or shareholders to form your offshore company in the BVI. A company must have at least one director in the company, but it can be yourself irrespective of your country of citizenship, origin, or residence.
Optionally, you can use Vepapu's Nominee Director and/or Nominee Shareholder services to hide your identity in your company formation documents as well.
Foreigners can set up companies in the BVI, and 100% foreign ownership is not only allowed but encouraged by the government. Foreigners can easily set up a company as there are minimum requirements for setting up a company in the BVI, such as no residency requirements for directors.
A minimum of one director or shareholder is required to form a company in the BVI. No specific requirements on the locality or qualification of directors or shareholders exist. A member of a BVI company can be a natural person or a corporate body. Especially, a corporation can be the UBO (ultimate beneficial owner) only if it is listed publicly.
Incorporation
Normally, it takes about 2 to 4 working days from when all the required documents are in place to be filed for your company's formation with the Registrar.
1. Notarized / Certified true copies of valid passports for all directors/shareholders; and
2. Notarized / Certified true copies of residency proofs for all company directors and shareholders (i.e., utility bill or credit card bill).
These are the general documents needed for your BVI offshore company's formation.
The government fee for setting up a BVI Company is dependent on the authorised share capital of the company. For example, for BVI company authorised to issue no more than 50,000 shares, the incorporation fee is US$550 and for BVI company authorised to issue more than 50,000 shares, the incorporation fee is US$1,350.
While completing the company formation procedure with Vepapu, you can go through our transparent pricing before you commit anything. There will be no additional or hidden costs associated with forming your company in the BVI while working with Vepapu.
An International Business Company (IBC) in the British Virgin Islands needs a name that ends with terms like Limited, Corporation, Incorporated, and more, or their shorter forms. Also, the name can't be the same or like an existing company's name. Plus, it can't hint at being connected to the Royal Family or the Government of the British Virgin Islands. This keeps things clear and distinct.
We've got you covered; we offer unlimited name checks with the BVI. So, if your preferred name is available, you're all set.
Yes, there are certain business activities in the Cayman Islands that need a license from the Cayman Islands Monetary Authority (CIMA). These activities include things like banking, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment funds, trusts, trustees, Chamber of Commerce, universities, municipal or their foreign language equivalents. Some businesses are required to be licensed by the Financial Services Commission like banking, insurance, trust, fund management, investment business, etc.
There's no required minimum registered capital for your BVI company. Typically, the authorised capital is set at US$50,000.
