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.
The New BVI Limited Partnership Act
  Despite having been hit by two major hurricanes in September 2017, the BVI continues to demonstrate its commitment to being a leading IFC with the enactment of the new Limited Partnership Act. (01/07/2018)
The Appeal and Efficacy of Private Trust Companies
  "Legal advisers in international finance centres have devised an efficient vehicle that permits the modern settlor ‘control’, ‘confidentiality’ and ‘capacity’, explains the BVI's Hélène Anne Lewis (01/05/2018)
What May the Trump Presidency Mean for the Future of International Financial Centres?
  Simplification of the US tax code, FATCA, De-regulation, Immigration: Alicia Nicholls discusses the various implications of US Tax Reform for IFCs. (01/12/2017)
Reimagining the BVI Advantage
  Diligent, vigilant and resilient: Hélène Anne Lewis discusses the BVI ’s determination to excel as an international finance centre. (01/11/2017)
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)
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)
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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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