Frequently Asked Questions About BVI Companies Incorporation

How can I name my BVI company?

When naming a BVI International Business Company (IBC), it must end with specific suffixes such as “Limited,” “Corporation,” “Incorporated,” “Société Anonyme,” or “Sociedad Anónima,” including their relevant abbreviations. Names identical or similar to existing companies, or names suggesting endorsement by the Royal Family or the Government of the British Virgin Islands, are restricted. For more information, visit BVI FSC’s guidelines.

Who can be a member of a BVI company?

A BVI company must have at least one director to be incorporated. The director can also be the sole shareholder and ultimate beneficial owner (UBO). Both natural persons and corporate entities can be members of a BVI company. In cases where a corporate entity is the UBO, it must be a publicly listed company.

Which business activities require licenses to incorporate in BVI?

Certain business activities in the BVI require licenses, including banking, building societies, savings and loans, insurance, reinsurance, fund management, investment funds, trust services, Chamber of Commerce activities, universities, and municipalities, along with their foreign language equivalents. You can check the BVI Financial Services Commission for details on specific license requirements.

What is included in BVI incorporation fees with Fionza?

At Fionza, our BVI incorporation package includes essential services such as:

• Company name search & document preparation
• Drafting of the Company Memorandum and Articles of Association (M&A)
• Full incorporation process
• 1-year government fee
• 1-year Registered Agent services, including local management and reporting
• 1-year Local Office Registered Address services

What are the advantages of incorporating a BVI company?

Incorporating a BVI company offers numerous benefits:

1. Strong legal framework: The BVI is well-regulated, ensuring stability for businesses.
2. Tax incentives: The BVI provides a variety of tax incentives to help companies reduce their overall tax burden.
3. Skilled workforce: The jurisdiction boasts a highly educated and skilled labor force, helping businesses thrive.

How much does it cost to set up a company in BVI?

The cost of setting up a BVI company involves government registration fees and registered agent fees.

• For a company authorized to issue up to 50,000 shares, the government incorporation fee is US$550.
• For companies authorized to issue more than 50,000 shares, the fee increases to US$1,350.
• Registered agent fees typically range from US$500 to US$1,000per year.

By incorporating in the BVI, you can leverage a favorable business environment with low costs and strategic advantages for international growth. Contact Фионса today for expert guidance and seamless incorporation services.