The British Virgin Islands is an archipelago of over 40 islands, 16 of which are inhabited. Discovered by Columbus, who is said to have been so impressed by their large number that he named them "Las Virgenes" in honor of St. Ursula and her 11,000 attendant virgins, they lie to the north west of the United States Virgin Islands. The neighbour with the largest land area is Puerto Rico, 96 km to the west. Except for Anegada, which is a flat reef surrounded island of coral limestone, the Islands are hilly and enjoy a subtropical climate. Their greatest tourist attraction is their superb beaches.
Key Corporate Features and Requirements
General
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Type of entity: Business Corporation (BC)
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Type of law: Common
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Shelf companies available: Yes
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Time to establish a new company: 3-5 working days
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Corporate taxation: Nil
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Double taxation treaty access: No
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Standard currency: US$ (Dollars)
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Permitted currencies: Any
Directors
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Minimum number: One
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Local required: No
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Corporate Directors Permitted: Yes
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Publicly accessible records: No
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Location of meetings: Anywhere
Shareholders
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Minimum number: One
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Publicly accessible records: No
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Location of meetings: Anywhere
Company Secretary
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Required: Optional
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Local or qualified: No
Accounts
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Requirement to prepare: Yes
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Audit requirements: No
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Requirement to file accounts: Yes
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Publicly accessible accounts: No
Other
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Requirement to file annual return: No
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Change in domicile permitted: Yes
Are you interested in setting up a company in the BVI? Then contact us by filling in the form below.