British Virgin Islands Company Formation Requirements
What are the requirements for company formation in the British Virgin Islands? You may form corporations with only one director and one shareholder, who can be one and the same, and companies can also fall under corporate ownership and shareholders. There are no requirements for the filing of financial statements and all income generated outside of BVI territory is tax-exempt.
What are the other requirements for British Virgin Islands company formation?
You must submit the full name and address for shareholders along with the proposed company names. You may also appoint nominee shareholders. There are no nationality requirements nor do names appear on the public record. A director does not need to be a resident. Businesses operating in the BVI need a physical address which you can procure through the Emirates Europe Group associate office.
The documents you must submit to satisfy the British Virgin Islands company formation requirements are:
- Name(s), of the director(s) along with their date of birth, address and nationality
- A passport for every director and shareholder/beneficial owner
- Three proposed names for your entity