Relatively inexpensive to form & maintain.

No public register of officers and shareholders

BVI IBC’s Jurisdiction facts guide

Zero corporate taxation.

Strong privacy.

Formation details

Company formation can be completed quickly usually within 2 days. Documents are generally received at our offices in 7 days.  

Company names must end with an indication that the company has a limited liability and may include “Ltd.”, “Corp”, “Inc” “SA” or “GmbH” etc.  

Name restrictions. Certain words including “Bank” and “Royal” are restricted.

Taxes & Accounts

BVI companies pay no taxes in the BVI other than a nominal “franchise fee”.  Accounts need not be filed in the BVI.

Directors and Shareholder requirements

A minimum of one director and one shareholder are required. Corporate directors and shareholders are acceptable and these included are part of our corporate BVI package.

Directors and shareholders are not on the public record. However it is now a requirement for the register of members and directors to be maintained by the registered agent on the island together with details of the beneficial owner. This is not subject to public inspection except under court order.

Bank account

A BVI company can open a bank account worldwide.  We have links with a number of banks and can assist with the opening and maintenance of accounts.

Please note, that certain banks (particularly in Hong Kong) will not open accounts for BVI companies.

The BVI - an Overseas Territory of the United Kingdom, is located in the Eastern Caribbean.  English is the official language and currency is the US $.

The BVI has an English common law base together with political stability. The British Virgin Islands Companies Act 2004 eliminated the distinction between local companies and IBC’s.  Trust Legislation is modern and familiar to lawyers and advisors worldwide.


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Copyright © 2013 - 2020. is a trading name of Tai Pan Management Services Ltd.
Company Service Provider Licence No. TC004077 Registered in Hong Kong. No 1942748
All rights reserved.

Please note that Tai Pan provides an execution only service in respect of the formation of companies, opening bank accounts and related services.
Therefore comments or suggestions made by us should not be considered as formal advice.
Should you require formal structuring advice, please visit our sister company TaiPan.