Procedure to Incorporate
Submission of the Memorandum and Articles of Association and a Certificate from the Registered Agent confirming compliance with the requirements of the ordinance
Restrictions on Trading
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 of Company
A company incorporated in the British Virgin Islands has the same powers as a natural person.
Language of Legislation and CorporatedocumentsEnglish
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 AvailableYes.
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 RequiredYes, must be maintained in the British Virgin Islands, and must be maintained at the office of a licensed management company.
Names requiring Consent or LicenseBank, 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 LiabilityLimited, 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.
British Virgin Islands Today!
Matter you would like to discuss with us
Our multi-lingual team of business advisors is happy to assist you with all upcoming questions and issues in relation to your company. You may call or email us, and we will be happy to assist you in a fast and efficient manner. You can also come visit us at one of our offices near you, to personally discuss all matters you need to clarify, before you take a decision. Arrange an appointment and we will be happy to meet with you.
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