How long does it take to incorporate a BVI company?
The incorporation process typically takes between 1 and 3 business days
Is a local presence or physical office in the BVI required?
There is no obligation to maintain a physical office or presence in the BVI beyond the statutory requirement for a registered agent and registered office.
What are the new economic substance requirements?
Entities engaged in “relevant activities” such as finance, intellectual property, or similar sectors are required to demonstrate adequate local presence in the British Virgin Islands. Holding companies are subject to less stringent obligations.
What are the requirements to incorporate a company in the BVI?
Incorporation of a company in the British Virgin Islands requires at least one director and one shareholder (these may be the same individual or entity), a registered agent, and a registered office located within the BVI.
Do BVI companies need to meet economic substance requirements?
Economic substance requirements apply only to companies involved in “relevant activities” (including finance, insurance, intellectual property, etc.). Holding companies are subject to reduced compliance obligations.
