Incorporation Features

Procedure to incorporate

BVI Company Registration – Incorporation Services

Procedure to incorporate

To register company in BVI, following submission is required: the Memorandum and Articles of Association and a Certificate from the Registered Agent confirming compliance with the requirements of the ordinance.

Restrictions on trading

BVI company cannot trade within the British Virgin Islands or own real estate there. Cannot undertake the business of banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship, the rendering of investment advice or any other activity that would suggest an association with the banking or insurance industries. They cannot offer its shares for sale to the public.

Powers on company

A company incorporated in BVI has the same powers as a natural person.

Language of legislation and corporate documents

English

Name restrictions

Any name that is identical or similar to an existing company or any name that suggests the patronage of the Royal Family or the Government of the British Virgin Islands.

Shelf companies available

Our incorporation services in BVI do also include, at client’s option, the availability of readymade (shelf) companies, of which we do have in stock since 2015.

Language of name

Latin alphabet; any name in a language other than English must be accompanied by a translation to ensure that the name is not restricted.

Registered office required

Yes. To register a company in BVI, a registered office in the British Virgin Islands is required, and it must be maintained at the office of a licensed management company.

Names requiring consent or license

For company registration in BVI , the following names require consent or license: Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, Chamber of Commerce, university, municipal or their foreign language equivalents.

Suffixes to denote limited liability

Register a BVI company, following suffixes are legally allowed: Limited, Corporation, Incorporated, ‘Société Anonyme’, ‘Sociedad Anónima’ or their relevant abbreviations.

Disclosure of beneficial ownership to authorities

The Beneficial Ownership Secure Search System Act, 2017 (the Act) comes into force on 30 June 2017. The Act requires that registered agents maintain a database of the corporate and legal entities for whom they act as registered agent (the RA Database). The RA Database will be private. It will, however, be searchable by certain BVI Governmental bodies via BOSS, which enables an electronic secure search of each RA Database.

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