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Law
BVI Business Companies Act 2004
Incorporation
Incorporation normally takes 3-5 working days, though an
“off the shelf/ready made” company could be quicker.
Company Name
The company name must end in “Limited (Ltd)”,
“Incorporated (Inc)”, “Corporation (Corp)”, “Society
Anonyme (SA)” and “Sociedad Anonima (SA)”. There are
also restrictions on the use of certain words or
business descriptions, such as Royal, bank, insurance.
Directors
The minimum number of directors is one.
The Director does not have to be resident
Corporate directors can be appointed
Secretary
A secretary is mandatory. The secretary does not have to
be resident
Share Capital
The minimum number of shareholders is one
Companies can issue bearer shares.
Shares do not have to be held by residents
Where some shareholders are nominees, the ultimate
beneficial ownership does not have to be declared.
Authorised share capital normally US$ 50,000
Meetings
No requirement to hold an Annual General Meeting (AGM).
Director meetings and the AGM may be held anywhere
Seal
A company seal is mandatory
Accounts/ Financial Statements
Accounts do
not have to be filed
Records to be
kept
There is no requirement for records to be kept in the
jurisdiction
Registered Office/Registered Agent
A registered agent is required in the jurisdiction
Annual return
An Annual return is not required.
Price
First year costs £1000. Annual renewal fee £750
(includes Registered Agent, Government fee)
UK & International
For telephone based ordering or
further information
please
call us on +44 (0)20 7353 9471
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