BVI International Business Company

The British Virgin Islands comprises of 60 islands and cays forming a total land area of 150 sq. km. They lie to the north west of the United States Virgin Islands and are separated from them by a channel only five kilometres wide. The islands promote two successful economies, tourism and offshore finance. The largest and most heavily populated Island is Tortola, which has about 16,000 inhabitants.
The British Virgin Islands is an internally self-governing colony with a ministerial system of Government operating under a Constitution adopted in 1967. The official and spoken language is English.

Features of IBC's Incorporation

No disclosure of beneficial ownership
Time to incorporate an IBC is two days, but allow ten working days for receipt of documentation.
Not permitted to trade within the British Virgin Islands or own real estate. Cannot undertake the business of banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship, the rendering of investment advice or any other activity that would suggest an association with the banking or insurance industries. Cannot offer its shares for sale to the public.
A company incorporated in the British Virgin Islands has the same powers as a natural person.
Company name can be in any language but must be accompanied by a translation in English.
Mandatory to have a registered office and registered address in the British Virgin Islands.
Mandatory to have a suffix after a company name to denote limited liablility- Limited, Corporation, Incorporated, Sociètè Anonyme, Sociedad Anonima or their relevant abbreviations.
The normal authorized share capital is US$50,000 with all of the shares having a par value.
Registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights permitted
Not required to pay any tax on its worldwide profits to the British Virgin Islands authorities.
No requirement to file audited accounts with the authorities, but required to keep financial records which reflect the financial position of a company.
Minimum number of directors is one. They may be natural persons or bodies corporate. They may be of any nationality and need not reside in the British Virgin Islands.
Mandatory to have a company secretary. The company secretary may be a natural person or a body corporate. They can be of any nationality and need not reside in the British Virgin Islands.
Minimum number of shareholders is one. Shareholders may hold their meetings in any country and they may attend such meetings by proxy.
The Company Seal is mandatory.

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Jurisdictions