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How to order a company from LAVECO Ltd
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Currency exchange rates: USD/1 unit
2017.06.28
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OFFSHORE COMPANY FORMATION
British Virgin Islands
The leading jurisdiction in the world offshore market, which basically introduced the IBC company format in 1984. Numerous countries and jurisdictions subsequently “copied” the company law. From the point of view of the number of companies formed, over the last 10 years the BVI has always been among the podium places. Extremely popular and the preferred jurisdiction of lawyers in particular.
 
Location: Between the Caribbean Sea and the North Atlantic Ocean, east of Puerto Rico.
Constitutional form:  British Overseas Territory
Population: cca. 30 000 (July 2010)
Area: 153 km²
Capital: Road Town
Currency: USD
Official languages English
Time Zone: GMT -4
INCORPORATION DATASHEET
Method of incorporation / registration: The Memorandum and Articles of Association must be signed by the subscriber. The subscriber must be a local person, licensed for the purpose.
Company legal form: Private Limited Company by shares
Company status: International Business Company (I.B.C.).
Source of corporate legislation: The International Business Companies Ordinance, 1984.
Possible suffixes to company name: Ltd., Limited, Incorporated, Inc., Corp., Corporation or S.A.
Restrictions on company name: The terms Bank, Insurance, Trust, Trustee, Chamber of Commerce, Municipal, Royal, British may not appear in the company name.
Time required for incorporation: 4-5 weeks
Number of directors: Minimum 1 of any nationality
Number of shareholders: Minimum 1
Capitalisation: No minimum requirements
Accounting / reporting requirements: Accounts not required, but documents of transactions must be kept.
Type of shares: Registered
Annual tax and duties: Minimum 350 USD if the authorized capital less than 50 000 USD
Information publicly available: Memorandum and Articles of Association, registered office and registered agent
Disclosure of beneficiaries: Not required
Registered office: Local registered office is required by law.
Registered secretary / agent: Local registered agent is required by law.
Double tax treaty: The BVI have DTTs with Japan and Switzerland.

 COMPULSORY COSTS (payable prior to registration)

FORMATION FEES
Incorporation fee: 380 USD
Notarial certification: 160 USD
International authentication (Apostille): 160 USD
Legal expenses, filing fees and stamp duties: 110 USD
Issuing of share certificates and initial minutes and forms: 70 USD
Corporate seal: 50 USD
Courier fees: 50 USD
Subtotal: 980 USD
ANNUAL FEES*
Registered office and registered agent: 890 USD
Annual tax and duties: 350 USD
Due diligence checking fee: 100 USD
Annual accounting declaration:  100 USD
Subtotal: 1440 USD
Total: 2420 USD

 * The annual fees for the first year are payable at the time of incorporation, and include the tax and registered agent fees for the calendar year in which the company is incorporated.

The amount of 1440 USD, payable annually, is due in the year following incorporation as follows:

  • for companies incorporated in the first half of the year, by April 1st of the subject year
  • for companies incorporated in the second half of the year, by October 1st of the subject year

The amount of 2420 USD includes the following services: formation of the company with authorised capital up to 50 000 USD, duties payable to the local authorities for the registration of the company, registration-related administration, provision of registered office and agent for the calendar year in which the company is incorporated, annual tax for the calendar year in which the company is incorporated, delivery of the company documents to the relevant office of the LAVECO Group, handmade luxury leather corporate kit containing the following documents: Certificate of Incorporation, Memorandum & Articles of Association, Appointment of First Directors, bound copy of the 3 documents mentioned above with notary public and international (Apostille) certification, minutes of directors’ and shareholders’ meetings, share certificate(s), registers of directors and shareholders, company seal, company stamp. The price contains no hidden costs.

OPTIONAL COSTS
Nominee Director (private person): 890 USD
Nominee shareholder: 0 USD
Certificate of Incumbency: 430 USD
Power of Attorney with Notarial Certification: 390 USD
Notarial Certification or Apostille: 160 USD
Certificate of Good Standing: 430 USD
In cases where the total number of attorneys, shareholders and beneficiaries in a company is more than 5, a supplement of 100 USD will be payable for each additional person.



LAVECO Ltd. is pleased to offer its clients shelf companies in BVI, which are available at the same price. In the case of purchase of a shelf company the paperwork and documentation involved can be completed in 1 week. Contact our office for details and a list of shelf companies!

SHELF COMPANY PACKAGE

Incorporation fee, including annual fees for the calendar year in which the company is established:
Ready made BVI company with nominee director, nominee shareholder and notarised Power of Attorney:

3700 USD
Fees payable from the second year. Annual tax and duties, registered office and registered agent, nominee director, nominee shareholder and notarised Power of Attorney, Due diligence checking fee, Annual accounting declaration: 2720 USD
Related news:
BVI and Canada are ready to apply TIEA    03.04.2014
92 Billion Flows Through BVI Each Year    05.02.2014
BVI's Foreign Investment Fourth Highest Globally In 2013    04.02.2014
BVI Given Top Tier Rank By Financial Stability Board    02.01.2014
BVI company incorporation figures show continued decline    21.11.2013
Bermuda, Jersey and BVI Branded as Tax Havens    25.09.2013
BVI admits France had reasons for blacklisting    23.09.2013
BVI in FATCA talks    22.08.2013
BVI Aims To Foster Stronger Ties With Dubai    20.03.2013
BVI Business Companies Act receives update through new Amendments and Regulations    03.12.2012
BVI: changes in company law    01.12.2012
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