
Opening a British Virgin Islands Company
Background and Advantages
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A global leader in the formation of International Business Companies (IBCs): Under the British Virgin Islands Business Companies Act 2004, the BVI is the jurisdiction of choice for the formation of International Business Companies.
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Stable legal environment: As a politically stable British overseas territory, Hong Kong adopts the English common law system.
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Tax neutrality: There is no corporate income tax, capital gains tax, dividend tax or inheritance tax, no foreign exchange controls, and the US dollar is the de facto currency.
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Flexible capital structure: There is no minimum authorized or paid-in capital requirement, no concept of par value, and shares can be issued in any currency or in kind.
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Simple incorporation process: Only one director and one shareholder (can be a company or an individual) are required, and incorporation can be completed remotely.
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Privacy protection: The register of directors is public, but the ultimate beneficial owner information is only submitted to the Companies Registry and is not disclosed to the public.
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Diverse application scenarios: Suitable for cross-border holding companies, investment funds, intellectual property structures, and trade intermediaries.
Key compliance requirements for non-resident founders
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Registered Agent and Registered Office: You must continue to appoint a BVI licensed registered agent and maintain a registered office.
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Bearer shares: issuance is prohibited; nominee arrangements may be used to protect privacy.
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Financial Reports: Annual unaudited financial statements (balance sheet and income statement) must be submitted to a registered agent.
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Public filing is not required unless the company is engaged in regulated local business.
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Economic Substance (ES) Requirements: If a company engages in "relevant activities" (e.g., fund management, finance, intellectual property holding), it must meet the local substantive requirements for office space, staff, and operating expenses.
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CRS/FATCA compliance: Ultimate beneficial owner information will be automatically exchanged under international reporting obligations.
Service Fees for Opening a British Virgin Islands (BVI) Company
British Virgin Islands 英屬維京群島 (BVI) | Price in USD 費用 |
|---|---|
Incorporation (standard share capital of US$50,000) includes physical original CI | $1125 |
Additional fee for Chinese name (if any) | $200 |
Certificate of Employment | $225 |
Good credit certificate | $225 digital version
ADD100 physical certificate |
First ROD archive | $200 |
First ROM application | $150 |
First Ultimate Beneficiary (UBO) Declaration | $250 |
Shareholder change update ROM filing | $225 |
Change company name | $575 |
Change of beneficial ownership of BO registration | $275 |
Director Change Update ROD Filing | $225 |
Renewal (for shares of 50,000 or less, plus annual ES filing and annual returns) | $1,500 |
First Inc. USD1,125 + 600 (Basic BVI Consolidation Fees) | $1,725 (COA) |
First incorporate BVI Company Free of COI*
Certificate of Incorporation, Certificate of Good Standing and all other Government issued certificates will be issued in electronic form. New Government fee of US$50 is required for a physical copy of the Certificate. Should you elect NOT to have the physical certificate but ONLY in electronic form, please clearly advise our customer service representative AT THE TIME OF ORDER so that US$50 will not be invoiced
If the total number of directors and shareholders exceeds 5, additional fee will be charged for the 6th onward (director and shareholder treated as 1 if same person)
Whatsapp:
(852) 5592 0208
Telephone:
(852) 2312 2733
Monday to Friday
9am to 6pm


