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:
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 |