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Tropical Island

Opening a British Virgin Islands Company

Background and Advantages
  • 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.
     

  • Stable legal environment: As a politically stable British overseas territory, Hong Kong adopts the English common law system.
     

  • 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.
     

  • 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.
     

  • Simple incorporation process: Only one director and one shareholder (can be a company or an individual) are required, and incorporation can be completed remotely.
     

  • 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.
     

  • Diverse application scenarios: Suitable for cross-border holding companies, investment funds, intellectual property structures, and trade intermediaries.

Key compliance requirements for non-resident founders
  • Registered Agent and Registered Office: You must continue to appoint a BVI licensed registered agent and maintain a registered office.
     

  • Bearer shares: issuance is prohibited; nominee arrangements may be used to protect privacy.
     

  • Financial Reports: Annual unaudited financial statements (balance sheet and income statement) must be submitted to a registered agent.
     

  • Public filing is not required unless the company is engaged in regulated local business.
     

  • 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.
     

  • CRS/FATCA compliance: Ultimate beneficial owner information will be automatically exchanged under international reporting obligations.

Service Fees for Opening a British Virgin Islands Company
British Virgin Islands 英屬維京群島 (BVI)
USD
Incorporation (standard share capital of US$50,000) includes Physical Original CI
1,125
Chinese Name Surcharge (if any)
200
Certificate of Incumbency
225
Certificate of Good Standing
225 (Electronic Copy) 100 (Physical Certificate)
1st ROD Filing
200
1st ROM Filing
150
1st UBO Filing
250
Change of Shareholder update ROM filing
575
Change of Shareholder update of ROM Filing
225
Change of Director Update of ROD Filing
225
Change of Beneficial Ownership of BO Filing
275
Renewal (no. of shares is 50,000 or below, plus annual ES filing and annual return)
1,500
First Inc. 1,125 + 600 (Basic BVI Consolidation Fee)
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

Email:

Monday to Friday

9am to 6pm

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