British Virgin Islands Company Formation FAQs

Nominee services are available in the British Virgin Islands and are popular with people who open up entities there. 

You would have to apply for residency but there is talk of a scheme that would grant immediate residency or citizenship to those individuals with significant ties to enterprises or high net-worth individuals making a direct investment whose net worth is at least $100 million. 

The British Virgin Islands does not have any residency requirements for any vehicles. However, you must have a local registered agent. 

The British Virgin Islands government does not levy any income tax.  There are other forms of favourable compensation in the form of not taxing dividends, interests, rent or royalties, among other tax incentives. 

While you can open a bank account in the British Virgin Islands, many offshore company owners choose to open accounts in another jurisdiction as there are few banks that cater to an international clientele.

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