Once you have submitted all of the documentation, you can complete the BVI business formation process. The process of setting up company bvi is streamlined and significantly faster than in countries such as Germany, France, and Brazil.
Choose your company’s name
Your registered agent checks to see if your name is on the Registry of Corporate Affairs. You must use an ending that includes “Limited,” “Ltd,” “Corporation,” “Corp,” “Incorporated,” or “Inc.”
Complete the due diligence obligations
Provide identification documents for all directors, shareholders, and beneficial owners. Passports, utility bills, and professional references are examples of compliance documents.
Prepare the incorporation documents
Your agent prepares the Memorandum and Articles of Association. These outline your company’s structure, share capital, and basic rules.
File with the registrar
Your incorporation documents are submitted to the BVI Registrar of Corporate Affairs. Filing fees, depending on your authorised share capital.
Receive your certificate
Once authorised, you will receive your Certificate of Incorporation and company number. That’s when your company is formally established.
Receive your corporate kit
Your final package includes share certificates, company registers, a business seal, and board resolutions. You are now ready to establish BVI company structures for international business.
The paperwork is minimal as compared to other countries. That is a major reason entrepreneurs prefer the BVI for company establishment.
How To Open A Corporate BVI Bank Account
You do not need to open a bank account in the BVI; institutions globally recognise BVI firms, and setup typically takes 7-10 days remotely.
Choose a bank that caters to your market; common choices include OCBC, Standard Chartered, HSBC, DBS, and VP Bank.
Banks require approved incorporation paperwork, evidence of finances, identification, and a business plan. They conduct extensive due diligence on all proprietors.
Fees, minimum deposits, and services such as multi-currency accounts or online banking differ greatly, so examine your options before registering.
How to Designate a Registered Agent and Register Your Office
Prior to establishment, each BVI business must appoint a licensed local registered agent. They function as your representative and handle official correspondence for the BVI Financial Services Commission.
A registered agent for setting up company bvi maintains:
- statutory corporation records
- file annual returns and papers
- Serves as contact for regulators
- Ensures conformity with BVI laws
Atrium-Bvi submits incorporation documents and appears in public records. You must also have a registered office in the British Virgin Islands, which is normally provided by the agent. Many organisations hire us to assist keep records organised and document board meetings and resolutions.
