GENERAL INFORMATION

Total area - 153 sq km
Population - 28,054
Political status - British overseas territory
Capital - Road Town
Official language - English
Official currency - USA Dollar (USD)
Time zone - GMT - 4

 

Basic Information
1. Political Stability1. Good
2. British Based Legal System2.Yes
3. Type of Company3. BC
4. Migration of Domicile Permitted4. Yes
5. Tax by Jurisdiction on Offshore Profits5. Nil
Corporate Requirements
1. Minimum Number of Shareholders
1. One
2. Minimum Number of Directors
2. One
3. Corporate Directors Permitted
3. Yes
4. Secretary Required
4. No
5. Standard Authorised Capital
5. 50,000 USD
6. Bearer Shares Permitted6. Yes (*E)
Local Requirements​
1. Registered Office/ Registered Agent
1. Yes
2. Company Secretary
2. No
3. Local Directors
3. No
4. Local Meetings
4. No
Due Diligence / Disclosure
1. Due Diligence Required
1. Yes
2. Disclosure of Beneficial Owner on Public File
2. No (*BA)
3. Government Filing of Register of Directors
3. Optional
4. Government Filing of Register of Shareholders
4. Optional
Annual Requirements
1. Annual Return
1. No
2. Audited Accounts
2. No
Shelf Companies Available Yes
Days to Incorporate Companies on Request (Approx.)2
Tax Treaties Access
*E – Subject to custodian provision
*BA – Only to Registered Agent

 

Notes:

  • The current BVI corporate and financial legislation is developed in full compliance with current international standards. These achievements are appreciated also by organisations such as OECD and FATF.
  • The International Business Companies Act 1984 was replaced by the BVI Business Company Act 2004. This states total exemption from corporate tax for all types of BVI companies. Accordingly, the BVI is rightfully considered to be one of the most popular classic offshore jurisdictions in the world.
  • The name of a BVI Business Company must end with the words "Incorporated", "Corporation", "Limited", or suffixes such as "Inc.", "Corp.", "Ltd.", "S.A.", etc.

Contact us

Igoumenitsas 12,
CONNECTEDSKY HOUSE, P.C. 2027,
Strovolos, Nicosia, Cyprus

Tel:
70003517 in Cyprus
+357 22258800 from abroad

Fax:
+357 22258801

Email: info@connectedsky.com