British Virgin Islands

The British Virgin Islands is a state located in the Caribbean Sea. The archipelago consists of more than 50 islands and has nearly 30,000 inhabitants living in an area of almost 153 km2. The official language is English, currency is the US dollar (USD) and the capital is Road Town. The British Virgin Islands are a British Overseas Territory, headed by the British monarch Elizabeth II, own government and prime minister.

The archipelago is the most popular offshore destination for the establishment of a business company (BC) and holding shares in ordinary companies. Companies from the British Virgin Islands hold the majority of lucrative properties in the UK.

BASIC INFORMATION FOR ESTABLISHING A COMPANY IN THE BRITISH VIRGIN ISLANDS:

  • Type of company: BC (business company)
  • Time to start a company: 3 days
  • Type of law: common law (as in the UK, USA, etc.)

  • Tax rate for companies: 0%
  • Obligation to file a tax return: no
  • Obligation to keep accounts: formally yes, but does not require its submission

  • Minimum number of shareholders (partners): 1
  • Minimum number of directors (managers): 1
  • Share capital: 50,000 USD by default, there is no obligation to pay it
  • Currency to denote capital: USD by default, but can be any other currency
  • Publicly available register of companies: no
  • Obligation to appoint a company secretary: no
  • Change of residence to another country: yes
  • Inclusion of the country in the OECD grey list: no
  • Venue of the General Assembly session: anywhere in the world
  • The existence of agreements on avoidance of double taxation with Slovakia and the Czech Republic: no
  • The existence of agreements on the exchange of tax information with Slovakia and the Czech Republic: no
PRICE FOR ESTABLISHMENT FIRST YEAR FOLLOWING YEARS
BC company: € 1199 € 999
BC + full nominee service: € 1999 € 1699

The price includes all the necessary documents, courier and power of attorney for business, certified with apostil (Certificate of Incorporation, Memorandum and Articles of Incorporation, Share Register Form, General Power of Attorney, etc., in the first year of business).

ADDITIONAL SERVICES:
Changes in the company such as a change of shareholders and managers € 299
Issuance of additional copies of documents with apostil € 199
Issuance of additional copies of power of attorney with apostil € 199
Modification of the registration agent and company headquarters € 299
Issuance of a “Good Standing” certificate € 149
Issuance of a “Incumbency” certificate € 149
Courier service to deliver documents from € 70
More information is available when meeting our representative in person.
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