British Virgin Island (BVI) is situated in the Atlantic Ocean and only 96 km east of Puerto Rico with a population of 25,000. It is the leading offshore jurisdiction with over 750,000 offshore companies incorporated since 1984.
The names of beneficial shareholders of a BVI Offshore Company are not required to be disclosed to the authorities.
Company Setup Requirements for British Virgin Island
| Minimum Shareholder | 1 |
| Minimum Director | 1 |
| Corporate Directors and Shareholders | Permitted |
| Local Secretary Required | No |
| Local Registered Office | Required (included in our package) |
| Minimum Paid Up Capital | US$1 |
| Bearer Shares Permitted | Yes (However, this might create problems with bank account opening ) |
| Annual Reporting or Auditing | Not Required |
| Local Tax on Foreign Income | Exempted |
Note: Shareholder(s), director(s) and Corporate Secretary can be the same individual person or a corporate entity.
Offshore companies cannot engage in business in BVI.
Read more about Singapore Offshore Company Formation.
Incorporate an offshore company quickly and easily
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