British Virgin Islands

The Virgin Islands, often called the British Virgin Islands (BVI), is a British overseas territory located in the Caribbean to the east of Puerto Rico.

The British Virgin Islands consist of the main islands of Tortola, Virgin Gorda, Anegada, and Jost Van Dyke, along with over fifty other smaller islands and cays. About 15 of the islands are inhabited. The capital, Road Town, is situated on Tortola, the largest island, which is approximately 20 km long and 5 km wide. It is one of the world’s most popular offshore company formation centres due to ease of company formation and compliance laws.


Corporate requirements

Every BVI company must have a Registered Agent and Registered office in the BVI, provided by licensed service provider.

The company must have at least one director and one shareholder. Corporate shareholders and directors are permitted in the company. The company must maintain a register of shareholders and directors and it must be kept at the office of the Registered Agent but this information do not appear on the public record, although there are provisions for optional filing of this information at the Registry of Corporate Affairs, if required.

There is no requirement of annual returns, annual meetings or audited accounts.


Information and documents required

Individual Shareholder/Director/Secretary of the company
Identity document like copy of the Passport / Hong Kong Identity Card of each individual
Individual Shareholder/Director/Secretary of the company
Residential address with proof valid in the past 3 months of use in the name of the individual (Utility bill like electricity, telephone, mobile, Bank statements, government notifications) of each individual
Corporate Shareholder/Director/Secretary of the company
  1. Company Name as registered in the country of the domicile
  2. Registered office address
  3. Company number or copy of the Incorporation Certificate
  4. Details of shareholders and directors (Corporate tree if necessary)
  5. Copy of the Memorandum and Articles of Association of the Company.
  6. Minutes of the meeting of the Board of Directors of the company approving the establishment of company in the HKSAR and appointment of authorized signatory.

(All the above required for each corporate shareholder/director)

If more than one shareholder
Details of shareholding of each person by either the number of shares or percentage of the issued capital of the company
If more than one director
Details as in above for each individual person or corporate