BVI Company Formation

Overview – BVI

The British Virgin Islands (BVI) is a group of islands in the Caribbean Sea located approximately eighty kilometers east of Puerto Rico. It is a member of the British Commonwealth with a legal system based on the English Common Law.

Benefits of setting up a company in BVI: -

  • Absence of foreign exchange controls
  • Can be listed on the Hong Kong Stock Exchange
  • Company can adopt Chinese names
  • Ease of identifying legal support professionals
  • High privacy protection with minimal disclosure requirement
  • No tax reporting in BVI
  • Not required to prepare annual audited financial statements


Basic Information
Political Stability Good
Legal System English Common Law
Official Languages English
Corporate Requirement
Standard Registered Capital 50,000 shares
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Local Company Secretary Required Optional
Local Registered Agent Required Yes
Local Registered Address Required Yes
Disclosure Requirement
Disclosure of Beneficial Owners on Public File No
Disclosure of Shareholders on Public File No
Disclosure of Directors on Public File No
Filing of Register of Director to local government Yes (but not open to public)
Annual Requirement
Annual General Meeting No
Filing of Annual Return to government No
Preparation of Audited Financial Statement No
Tax filing No


Formation Requirement

Company Name

  • A company may be registered with an English name or an English name and a Chinese name.


Share Capital and Shareholder Requirement

  • The standard authorized share capital is 50,000 shares and company can decide the par value per share (e.g. USD 1 per share).
  • Must have at least one shareholder who may either be a natural person aged over 18 years old or a corporate body.
  • There are no nationality restrictions for shareholder(s).


Director Requirement

  • Must have at least one director who may either be a natural person aged over 18 years old or a corporate body. There are no residency restrictions for director(s).
  • A person who is an undischarged bankrupt must not act as director.
  • There are no nationality restrictions for director(s).


Company Secretary

  • Appointment of Company Secretary is optional in BVI.

BVI Company Formation Procedure

Step 1 - Select company name

  • Propose an English and Chinese name if required
  • Select an existing “Shelf Company” from our BVI Shelf Company List


Step 2: Provide shareholder and director information

  • Original / Certified copy of ID or passport of each Shareholder and Director
  • Original / Certified copy of latest residential address proof of each Shareholder and Director
  • Please specify the number of shares applied by each shareholder(s)
  • Please specify the paid-up share capital for each shareholder(s)


Step 3 - Submit application via any one of the following methods


Processing time

  • Tailor made company registration – 7 working days
  • Shelf company registration – 2 working days


Our representative will contact you within one working day after we received the above information.

Annual Maintenance – BVI Company

To ensure that the BVI Company is in good standing, it must carry out below basic annual renewal work: -


Renewal of Annual License

Each BVI company must arrange payment for its Annual License Renewal Fee based on below schedule: -


Company anniversary date Renewal due date
January to June (1st Half) April 15th
July to December (2nd Half) October 15th


Consequences of Non-Compliance

If company failed to settle its annual license renewal fee on time, late penalties will apply with higher renewal fee and the company will be struck off by the local Registrar. A struck off company still bear its obligations, clients are highly recommended to arrange proper dissolution of the company should they decided not to retain the company.



Contact Us

The Office

  • Address : Unit 1101-2 11/F, 29 Austin Road, Tsim Sha Tsui, Kowloon, Hong Kong
  • Email : [email protected]
  • Secondary Email : [email protected]
  • Phone : +852 2110 0018
  • Fax : +852 2110 3348

Business Hours

  • Monday to Friday : 9:00am - 6:00pm (GMT+8)
  • Lunch hours : 1:00pm - 2:00pm (GMT+8)