British Virgin Islands

The British Virgin Islands (“BVI”) are a group of 40 islands and islets located in the Caribbean 60 sea miles east of the Island of Puerto Rico. There is an estimated population of 21,000 and a land area of 153 square kilometers. The official language is English and its currency is the US dollar. The Island is an overseas territory of the British Crown Colony with a legal system based on English common law with local modifications. The United Kingdom is responsible for the defense and foreign affairs of BVI.

Highlights of BVI Companies:

  • One of the most popular jurisdictions in the world.
  • Same day incorporation service
  • Currency flexibility
  • Confidentiality on directors and shareholders information
  • Based on English Law
  • Well developed professional infrastructure
  • British dependent territory
  • Neutral tax jurisdiction
  • Allotment of Reserve Director
  • Reserve Director

General Information

Type of Company

BC

Companies Law

Business Companies Act 2004

Minimum Director

One

Minimum Shareholder

One

Bearer Shares Permitted

Yes (restricted mobility)

Corporate Shareholders

Yes

Corporate Directors

Yes

Minimum License Fee

$350

Disclosure of Ownership

No

Corporate Seal Required

Yes

Accounting Records

Yes