British Virgin Islands
NEWS
FACT FILE
Location Eastern Caribbean.
Time Zone Greenwich Mean Time -4.
Population App. 28,280.
Capital Road Town.
Airport Beef Island.
Language English.
Currency US$.
Dialing Code +1 284.
Centre's Expertise Renowned as a corporate domicile for business companies, trust settlements, captive insurance, mutual funds and shipping registration.
Political System Democratic 13-member Ministerial Government.
Legal System System based on English common law. UK Privy Council is final court of appeal.
Personal Income Tax 0%.
Corporate Income Tax No income (profit) tax. Payroll tax-resident companies: 10% or 14% (employees: 8% fixed, employers: 2% or 6% depending on business size). Non-resident companies: same as resident, on BVI -based employees only.
Exchange Restrictions None.
Tax Treaties For full details, please go to www.ifcreview.com/TIEA
Permitted Currencies All currencies permitted. Official currency: US$.
Minimum Authorised Capital One share.
Minimum Share Issues One share.
Shelf Companies BVI business companies, limited partnerships, segregated portfolio companies, restricted purpose companies, companies limited by shares and/or guarantee.
Incorporation Time Scale 24 hours (BVI Business Companies, LPs).
Incorporation Fees None.
Annual Fees Business companies, US$350-US$1.100 depending on share capital structure (number and type of shares authorised for issue); limited partnership US$500.
Minimum Number One.
Residency Requirements None.
Corporate Directors Permitted.
Meetings/Frequency As directors determine.
Disclosure No.
Bearer Shares Permitted (must be held by an authorised recognised custodian).
Minimum Number One.
Public Share Registry No.
Meetings Frequency As directors or shareholders determine.
Annual Return No.
Audit Requirements No.
Registered Office Yes, must be in BVI and must be the registered agent.
Domicile Issues Re-domiciliation to and from BVI allowed under BVI law.
Company Naming Restrictions Restricted words such as ‘banking’, ‘insurance’, ‘fund’, ‘trustee’ will not be allowed without relevant licence.
ARTICLES
Above Board - We Actually Do It Right
  Legislative and regulatory agility and a strong partnership between industry and government are the secret ingredients required by those who aim to adapt and thrive in this new era. (02/10/2017)
The Global Reach of the BVI as an Investment Funds Jurisdiction
  The BVI is recognised globally as a leading funds jurisdiction. It has built up this reputation over the course of many successful decades, based upon the essential building blocks of being tax neutral, politically stable and economically secure. (18/09/2017)
The BVI’s Role in the Global Financial System - Finding a Workable Solution for Beneficial Ownership
  The British Virgin Islands prides itself on the role it plays in the international financial system. It has a robust regulatory framework, it signs up to international standards for financial services. (25/08/2017)
Martin Palmer, Director & Principal, Jordans Trust Company Limited
  This article highlights the key aspects of the Companies Amendment Acts passed in the BVI in 2015 and 2016. The provisions relating to the register of directors came into force on 1 April 2016. All other provisions were effective from 15 January 2016 (25/08/2017)
BVI – A Compliant Global Partner
  (23/08/2017)
Escape from Disclosure? – Not in the BVI
  The topic of publicly available beneficial ownership registers is hot. A lot of pressure has come on smaller International Financial Centres (IFCs) to give in and dish up. (01/08/2017)
The BVI’s Role in the Global Financial System - Finding a Workable Solution for Beneficial Ownership
  Orlando D Smith, Premier of the British Virgin Islands, looks ahead to what the BVI wants to see within the proposed global standards for beneficial ownership. (01/02/2017)
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FURTHER BACKGROUND INFORMATION
  British Virgin Islands Tax Treaties
  The BVI currently has 25 tax agreements in place consisting of 1 DTA and 24 TIEAs. - read more...
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