Aurion client Clients Worldwide

RAK Offshore

BRITISH VIRGIN ISLANDS

Progressive legislation

The British Virgin Islands IBC legislation was introduced in 1984 but was developing and subsequently amended taking into consideration the changes required by the persons providing BVI offshore services. Now BVI companies are governed by "The BVI Business Companies Act, 2004".

Efficient Incorporation/Registration

Under normal circumstances, BVI Corporations can be incorporated/Registered within 7 working days.

Flexibility in company structure of an offshore British Virgin Islands Company

  • Only one director or shareholder required for the company formation.
  • Shareholder(s) and director(s) may be the same person.
  • The shareholder(s) and director(s) can be a natural person or a corporate body.
  • There is no requirement of appointing local shareholder(s) and director(s) for British Virgin Island Companies.
  • There is no requirement of resident secretary.

Privacy for identity of principals

The BVI incorporation documents do not carry the name or identity of any shareholder of director. The names or identities of these persons do not appear in any public record.

Confidentiality

Shareholder(s) and director(s) nominee services are allowed to ensure confidentiality of beneficiaries.

Shares and Capital requirements for British Virgin Islands Corporations

  • Shares can be issued with or without par value;
  • Shares may be issued in any recognizable currency or in more than one recognizable currency;
  • Shares may be paid up in cash or through the transfer of other assets or for other consideration;
  • The standard share capital is USD $50,000 or an equivalent in another recognizable currency.

Minimum capitalization

The minimum paid in and issued capital may be one share which is fully paid.

Taxation of the BVI IBC on Profits

Zero taxation

Maintain company books and records in BVI

BVI Companies records and accounts do not have to be held or filed with the authorities. If the shareholders, directors or officers decide to maintain such records or accounts, these may be held anywhere in the world.

Annual financial statements and other records

There is no requirement for any financial statements accounts or records to be kept for a BVI Company;
If it is found to be desirable or necessary by the director(s) or shareholder(s) these records may be held anywhere in the world. Meetings of shareholder(s) and director(s) There is no requirement for meetings of shareholder(s) and/or director(s) If meetings of shareholder(s) and/or director(s) are desirable these meetings can be held by telephone or any other electronic means of communication providing that all participants can clearly hear each other.
Meetings if thought necessary can be held anywhere in the world.

Doing business with BVI residents and companies

A company in the BVI is restricted from doing business with BVI residents or companies except where:

  • It makes or maintains professional contact with solicitors, barristers, accountants, bookkeepers, trust companies, management or secretarial companies, investment advisors, or other similar persons or entities carrying on business within the BVI.
  • It prepares or maintains books and records within the BVI (if it decides to keep such books and records).
  • It holds within the BVI, meetings of its directors or members (if it so desires).
  • It holds a lease on property for use as an office from which to communicate with members or where books and records of the company are prepared or maintained (if so decided).
  • It holds debt obligations, shares or other securities in British Virgin Island IBCs or any other locally incorporated company.
  • Shares, debts obligations or other securities in the company are owned by any person resident in the BVI or by any BVI IBC or any other locally incorporated company.

Restrictions on BVI IBCs on carrying on any business activities outside the BVI

There are no restrictions on doing business outside of the BVI by IBCs except illegal activities or such activities that require additional licensing such as: provision of the banking services, services of the insurance and trusts.

Documents Required

  • Certified passport copy – Certified copy of passport (photo page, visa page & signature page should be there). This copy is to be certified by a Bank Manager or a Lawyer or Accountant.
  • Original Recent Utility bill – must be under the shareholder’s name, showing his/her residence address
  • Original Bank reference letter – can be from any bank in the world (Template can be provided)
  • a.) 3 proposed Company name in the order of priority. As per Article 17 Clause (1) of The BVI Business Companies Act 2004 :- The Company names should end with the word "Limited", "Corporation", "Incorporated" or the abbreviation "Ltd", "Corp", "Inc." or "Societe Anonyme" or "S.A" b.) Share percentage c.) Details of proposed activities of company

BVI New Company Incorporation Fee

DESCRIPTION

AMOUNT

BVI Company Incorporation / Obtaining BVI Apostilled, Certificate of Incorporation, Memorandum of Association & Articles of Association, Share Register & Company Seal

 

USD 3,500 / AED 12,775

TOTAL

USD 3,500 / AED 12,775

Time span for incorporation – 7 working days
* If you want your apostilled BVI company documents to be further attested in the UK, the cost will be more.



Apply Now

Send Enquiry

Clients Testimonials

  • I am a Japanese Chartered Accountant in NewYork and my Japanese Clients are feeling really comfortable with AURIONs support in UAE Business. Actually I have never seen a firm like you in the USA.

    - Mr. Nobu Murata - JapanCREARE FZE
  • Setting up a new business can be a real challenge unless you have consultants who could provide proper guidance. Aurion expertise in incorporation has made things a lot easier to us.

    - Nasr Husain Warour - Syria Oolchi FZE
  • The most trust worthy professional group I've ever seen

    - Serge Ndiaye - France SN AERO FZE
  • It’s happy to note that Aurion registered the branch of BVI Company in Dubai Airport Freezone perfectly complying with all legal attestations. Thanks to Syam and team.

    - Edwin Marshall Berkins – USA MD, PEREGRINE Development International Inc.
  • Quality, excellence and quickness are the hallmark of Aurion.

    - Melanie Silke – Germany Mesity FZE
  • The entire job of setting up company in Freezone and getting warehouse was done in one day. Thanks to Aurion team.

    - Ndibe Obi – Nigeria Next International Middle East FZE
  • I have had the opportunity to share the last several weeks with your consultant. It has been an enlightening experience for me and the other company managers.

    - Wadi (M.Munther) Wadi Nabulsi - JordanBargain International FZE
  • I thank Aurion for their timely advice. If definitely saved me a lot of money & time.

    - Chyngyz Shermatov - Kyrgyz Republic Brimpex FZC
  • Aurion is one of the best consulting teams in the UAE for all activities of company formation and related matters. We trust them the most.

    - Ahmed Walid Halabi - US Managing Director, VSD Global (Branch)
  • AURION team has helped us to find the right location to register our company and we appreciate their professional approach.

    - Venkata Surya Prakash Bhaskarabhaitla - India24x7Guru.com
  • I am extremely satisfied with the services provided by AURION. They were very professional and got the work done with expediency.

    - Humaira Siddiqui - PakistanSTRYX FZE
  • Thanks to Aurion's team I am able to concentrate on my work as they handle all other issues in a rapid and professional way.

    - Mr. Marco - Italy PROGESUB GULF FZC
  • I was very impressed on how fast and efficient the team was in incorporating our company within a few days and the exceptional assistance I received in obtaining my visa well within the time advised.

    - Kiabod T Mashad - BritainECAP FZE
  • Very friendly, professional and cost effective company that created a stress free company establishment for GQ Holdings.

    - Adam Wadi - Australia GQ HOLDINGS LTD
  • We feel safe in professional hands of Aurion since 2010 and we are sure we could not feel any safer without them. THANK YOU, AURION!

    - Mr. Hydyr - Turkmenistan Hibrius
  • AURION Team did a great job in Incorporating our Company within the expected time and without any hassle. We were happy and satisfy with their Service. Thanking you!

    - Mr. Lukas - Germany JM HYGIENE MIDDLE EAST FZC
  • Simply the best. Trustworthy, Professional and Caring. Highly recommended to anyone who is looking to set-up Free Zone company in UAE.

    - Mr. Shidan Shabrokh - UK PENRIX FZE
  • AURION was the most professional Company to provide Customers with less experience in the UAE Company Establishment field a comprehensive Service and Support to get the Business started.

    - Mr. Chris Alan Schubert - GermanyArabian Consulting DWC LLC
  • It was a pleasure working with AURION, really professional, smart people who do their job FAST, EFFECTIVE and with JOY and HAPPINESS for doing the best.

    - Mr. Marcel Bettim Jacobi - BrasilVictory Global FZE

Our Corporate Video

Aurion provides assistance in