British Virgin Islands
Location Eastern Caribbean.
Time Zone Greenwich Mean Time -4.
Population App. 28,280.
Capital Road Town.
Airport Beef Island.
Language English.
Currency US$.
Dialing Code +1 284.
Centre's Expertise Renowned as a corporate domicile for business companies, trust settlements, captive insurance, mutual funds and shipping registration.
Political System Democratic 13-member Ministerial Government.
Legal System System based on English common law. UK Privy Council is final court of appeal.
Personal Income Tax 0%.
Corporate Income Tax No income (profit) tax. Payroll tax-resident companies: 10% or 14% (employees: 8% fixed, employers: 2% or 6% depending on business size). Non-resident companies: same as resident, on BVI -based employees only.
Exchange Restrictions None.
Tax Treaties For full details, please go to
Permitted Currencies All currencies permitted. Official currency: US$.
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.
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)
Statutory and Case Law Developments in BVI’s Trust and Estates Law
  Helene Anne Lewis examines the latest developments within the BVI's Trusts and Estate Law. (01/02/2017)
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)
China’s HNWI Growth Provides Opportunities for the BVI Financial Sector
  Claire Abrehart examines the opportunities the growth in the number of Chinese HNWI's provides for the BVI (01/11/2016)
Back to the Future: BVI Forward
  Ayana Hull considers how BVI has positioned itself to maintain its dominant position in the financial services realm. (01/08/2016)
Stays Of Proceedings In Favour Of Arbitration: When Is The Duty To Stay Triggered?
  Alistair Abbott examines the recent Privy Council judgment in Anzen Limited and others v Hermes One Limited. (01/08/2016)
Caribbean IFCs: Challenges and Future Prospects in 2016
  With criticism of Caribbean IFCs leading to calls for further draconian legislative efforts, Paul Byles examines how IFCs can weather this regulatory storm. (01/06/2016)
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  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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