British Virgin Islands Offshore Company Registration (BVI)

Overview

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Package Details

British Virgin Island (BVI) is situated in the Atlantic Ocean and only 96 km east of Puerto Rico with a population of 25,000. It is the leading offshore jurisdiction with over 750,000 offshore companies incorporated since 1984.

Company Setup Requirements for British Virgin Island

Minimum 1 Shareholder + 1 Resident Director

Note: Shareholder(s), director(s) and Corporate Secretary can be the same individual person or a corporate entity.

Features of BVI Offshore Companies

No minimum capital required.
Income is exempted from local tax.
No capital gains or withholding tax.
No annual reporting or auditing is required.
Offshore companies cannot engage in business in BVI.

Snapshot Of BVI

Currency: US dollars
Time zone: GMT minus 4
Language: English
Population: approximately 25,000

Offshore Company Registration

The incorporation and 1st year fees include everything you need to legally operate and manage your offshore company:

First year Government fees
Our incorporation fees
First year Registered Office address in the jurisdiction and Agent Fees
One complete company kit (2 sets of Memorandum and Articles of Association and common seal and rubber stamp etc)

The following original corporate documents are issued with a new British Virgin Islands incorporation and are all included in the price quoted. These are all documents you need to legally run, manage and operate your British Virgin Islands company.

Certificate of Incorporation
Consent of Incorporator
Articles of Incorporation
Endorsement Certificate
Bylaws
Minutes of a Meeting of the Board of Directors
Certificate of Incumbency by the Director
Register of Directors
Stock Ledger
Share Certificates

Optional Documents:

Memorandum Regarding Resignation of the Nominee Director (If Applicable)
Nominee Declaration or Declaration of Trust (If Applicable)

Optional Services

CORPORATE CORRESPONDENCE ADDRESS

An address for your company is required by law, whether it be for ordinary business correspondence or for the service of legal documents. This address will be where letters from your business partners, clients, the general public and authorities can write to you, and at which you must be contactable on matters relating to your business.

CERTIFICATE OF INCUMBENCY

A certificate of incumbency is one required of companies incorporated overseas, which is for the purposes of showing to the authorities certain information, namely:

The directors of the company
The date of incorporation
The certification of good legal standing in the company of incorporation
The principal shareholders and the number of shares the company is authorised to issue

Process

STEP 1 – SUBMIT INCORPORATION ORDER FORM FOR BVI COMPANY INCORPORATION.

Please provide us your email address in the package details and we will email you the necessary incorporation forms.

Upon receipt of the above from you, we will

Check your proposed company’s name availability
Follow-up with you to clarify queries (if any) and advise accordingly
Send you an invoice for our services.

STEP 2 – MAKE PAYMENT FOR OFFSHORE COMPANY

Upon receiving the payment for our services, we will prepare the incorporation documents to be duly signed either in Singapore before us or overseas before Notary Public.

STEP 3 – INCORPORATE BRITISH VIRGIN ISLANDS COMPANY

Upon the signing of the incorporation documents, we will proceed to register the BVI Offshore Incorporation. Once the company has been incorporated, you may proceed to open a corporate bank account.

Requirements

Items	Description
Company Name Approval	The proposed company name of your British Virgin Islands offshore company can be in any language with Roman characters. Company name ending can have any suffix
Directors	Minimum of one director (Can be individual or a corporate entity of any nationality). No resident director is required. Any number of additional directors can be appointed. We also offer nominee director service at an additional fee.
Shareholders	A minimum of one shareholder is required. A director and shareholder can be the same or different person. A shareholder can be an individual or corporate body. There is no limit of number of shareholders.
Company Secretary	Company secretary can be an individual or corporate body. The same director/shareholder can act as the company secretary. We act as the company secretary for all offshore companies we incorporate.
Paid-up Capital	Minimum paid-up capital: One share of par value in any currency. Standard Authorised Capital/Shares: 50,000 shares of US$1.00 par value.
Registered Address	We will provide you a registered address in the British Virgin Islands at no cost.
Documents Required for Incorporation	Passports and Residential address proof (certified copy) of proposed shareholders and directors. Details of the parent company if the shareholder is a corporate entity. Copy may be certified by Lawyer/CPA/Bank or the original must be sighted by us
Bank Account Opening	We will assist you with bank account opening for your offshore company in Singapore.