A British Virgin Islands company is a corporation created by one or more persons or organizations in the British Virgin Islands. The International Business Company is the official name for what most of the community deal with “offshore companies”. A person can accept it for international business activity just because he can avoid certain taxes. In addition, offshore companies in the BVI have a flexible organizational structure and strict confidentiality conditions. In addition, the BVI yacht registration happens to be the most popular large yacht registry today.

BVI joined the world of offshore banking in the year 1980. In 1984, the British Virgin Islands Commercial Companies Ordinance was passed. The islands have become such a suitable destination for universal companies.

The British Virgin Islands have strong political stability and low international authority. Thus, it is an ideal place for an offshore tax haven. Based on English common law, The BVI has an independent judiciary. A momentous portion of the country's gross domestic product comes from offshore economic centers. More than 550,000 are registered in the BVI incorporation, and more than 4,000 new companies are registered each month.


BVI company registration

The Registrar of Corporate Affairs maintains a register of any foreign companies, registered companies, or fees, According to the British Virgin Islands Commercial Companies Act 2004. They must empower and license any company or person who aims to provide financial business services in the BVI and coordinate these services when they work from or for the BVI Company.

When registering a company, the company name must have a corporate suffix. For example, BVI corporations, also called BVIs of a limited liability company, must end their names such as Ltd., Corp., Inc., and SA.

BVI has a modern application system. This allows your agent to create and register companies electronically. This leads to a quick turnaround in the registration process. The process usually takes three to five days plus delivery time.