Incorporation + Compliance

Company Incorporation in the British Virgin Islands

Effortlessly incorporate and manage your company in the BVI with Vepapu—offering all-in-one services from registration to compliance, banking, and visa support.

Why British Virgin Islands

BVI as Your Business Destination

Unlock Growth Opportunities in an Emerging Market

Zero Tax

Zero Tax

No tax on the income generated outside of the BVI.

Privacy

Privacy

No public record of company members' identities.

No Auditing

No Auditing

Auditing books of accounts and records is not required.

No residency requirements

No Residency

Foreigners can easily set up a company with no restrictions.

All-in-one Package

Company Incorporation Package

Everything You Need for Seamless Company Formation

COMPANY REGISTRATION

Online Company Incorporation

Experience seamless company formation from anywhere with Vepapu. Our digital incorporation services ensure you can register your company online without the need to travel or submit paperwork in person.

We guide you through each step of the process, ensuring compliance with local regulations and providing support for any incorporation-related queries.

Online Company Incorporation

Registered Agent and Address

LOCAL ESSENTIALS

Registered Agent and Address

Meet the local requirements online with Vepapu. Having a local registered agent and office address is mandatory for your company's registration and we will help you meet this requirement. We will receive, scan, and email you if any mail is received from the authorities at your address.

You can also build a physical presence in the country by opting for our nominee director services, who will act as your company's director while you retain total control over your company.

ACCESS BANKING

Bank Account Opening

You can capitalise on our strong banking relationships with traditional banks as well as digital-first banking providers.

You would need to physically visit the bank's location if you opt for a traditional brick-and-mortar bank, while modern digital banking providers welcome you with an online onboarding process.

Bank Account Opening

Entity Structure

Two Company Types

Business Company (BC)

A versatile corporate structure allowing for various activities, often used for international business with minimal reporting requirements.

Docs & Info

Documents Required

Mandatory documents and information required for your company formation

If you are an individual:

Proof of Identity:

A certified true copy (scanned version) of the passport (valid for at least 6 months)

A comprehensive Curriculum Vitae (C.V.), Resumé, or Linkedin profile.

Proof of Address:

One of the scanned copies of a bank reference, bank statement, Utility bill, or Driver license.

It should clearly show the holder's full name along with a physical address written in English (P.O. Box addresses are not accepted).

It must be the most recent version and dated within the last 3 months.

If you are an organisation:

Company Documents:

Please provide us with certified true copy (scanned version) of the following company documents:

Included

Certificate of Incorporation

Included

Memorandum and Articles of Association / Constitution

Included

Register of Director

Included

Register of Shareholder / UBO

Included

Extract of the company’s details from the Registrar of Companies, which can include any of the following: Business Profile / Certificate of Incumbency / Certificate of Good standing (valid for within 6 months if any).

Company Members:

All members of the corporation, including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact persons, must provide identity and address proofs as mentioned above.

No hidden Charges

All-in-One and All-Inclusive Pricing

Compare Packs

Inclusive of government fees
Renew from year 2 @ $1,499 annually

Basic

US$ 1,499

Proceed to Pay
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Standard

US$ 2,349

Proceed to Pay
Secured by Stripe

Premium

Pack Description

Company, Compliance

Company, Compliance, Banking

Build what you need

COMPANY REGISTRATION

Company Registration Timeline

7-10 days

7-10 days

7-10 days

Business Company (BC) Registration

Included

Included

Included

Unlimited Name Availability Check

Included

Included

Included

Government Fee for Incorporation

Included

Included

Included

Registered Agent

Included

Included

Included

Registered Address

Included

Included

Included

Preparation of Company Memorandum

Included

Included

Included

Preparation of Article of Association

Included

Included

Included

Certificate of Incorporation

Included

Included

Included

Share Certificates for Shareholder(s)

Included

Included

Included

Physical Delivery of Documents

$159

$159

$159

TOTAL COMPLIANCE

Automated Compliance Reminders

Included

Included

Included

Preparation of Annual Returns

Included

Included

Included

Annual Financial Return Filing

Included

Included

Included

Company's Annual Renewal

Included

Included

Included

Government Fee for Renewal

Included

Included

Included

Active Register of Directors

Included

Included

Included

Active Register of Shareholders

Included

Included

Included

Written Resolution of the Directors

Included

Included

Included

Economic Substance BOSS Filing

$299/yr

$299/yr

$299/yr

Bookkeeping by Experts

Not included in the package

Not included in the package

Contact Us

BANK ACCOUNT

Bank Account Opening Assistance

Not included in the package

Included

Included

Support up to 3 traditional banks

Not included in the package

Included

Included

Support up to 2 digital-first banks

Not included in the package

Included

Included

Remote Opening Process

Not included in the package

Included

Included

MISCELLANEOUS

Nominee Director

Not included in the package

Not included in the package

$1,499/yr

Nominee Shareholder

Not included in the package

Not included in the package

$1,499/yr

Change in Authorized Share Capital

Not included in the package

Not included in the package

Included

Company Chop and Seal

Not included in the package

Not included in the package

$349

Certificate of Good Standing

Not included in the package

Not included in the package

$349

Certificate of Incumbency

Not included in the package

Not included in the package

$349

Certified by Registered Agent

Not included in the package

Not included in the package

$249

Certified by Notary Public

Not included in the package

Not included in the package

$349

Apostille on Document

Not included in the package

Not included in the package

$299

Certified by a CPA

Not included in the package

Not included in the package

$299

Dedicated Account Manager

Not included in the package

Not included in the package

Included

Acting as Your Legal Admin

Included

Included

Included

Compare Packs

Company & Compliance

US$ 1,499

$1,999

Discount Offer

Use promo "BVIINC1" to get $500 OFF

•

Renew at $1,499 per year

•

Includes all govt. fees

Proceed to Pay ┃Secured by Stripe

COMPANY REGISTRATION

Company Registration Timeline

7-10 days

Business Company (BC) Registration

Included

Unlimited Name Availability Check

Included

Government Fee for Incorporation

Included

Registered Agent

Included

Registered Address

Included

Preparation of Company Memorandum

Included

Preparation of Article of Association

Included

Certificate of Incorporation

Included

Share Certificates for Shareholder(s)

Included

Physical Delivery of Documents

Included

TOTAL COMPLIANCE

Automated Compliance Reminders

Included

Preparation of Annual Returns

Included

Annual Financial Return Filing

Included

Company's Annual Renewal

Included

Government Fee for Renewal

Included

Active Register of Directors

Included

Active Register of Shareholders

Included

Written Resolution of the Directors

Included

Economic Substance BOSS Filing

$299

Bookkeeping by Experts

Not included in the package

BANK ACCOUNT

Account Opening Assistance

Not included in the package

Support up to 3 traditional banks

Not included in the package

Support up to 2 digital-first banks

Not included in the package

Remote Opening Process

Not included in the package

MISCELLANEOUS

Nominee Director

Not included in the package

Nominee Shareholder

Not included in the package

Change in Authorized Share Capital

Not included in the package

Company Chop and Seal

Not included in the package

Certificate of Good Standing

Not included in the package

Certificate of Incumbency

Not included in the package

Certified by Registered Agent

Not included in the package

Certified by Notary Public

Not included in the package

Apostille on Document

Not included in the package

Certified by a CPA

Not included in the package

Acting as Your Legal Admin

Included

Dedicated Account Manager

Not included in the package

Proceed to Pay ┃
Secured by Stripe

Company, Compliance, Banking

US$ 2,349

$2,999

Discount Offer

Use promo "BVIINC2" to get $650 OFF

•

Renew at $1,499 per year

•

Includes all govt. fees

Proceed to Pay ┃Secured by Stripe

COMPANY REGISTRATION

Company Registration Timeline

7-10 days

Business Company (BC) Registration

Included

Unlimited Name Availability Check

Included

Government Fee for Incorporation

Included

Registered Agent

Included

Registered Address

Included

Preparation of Company Memorandum

Included

Preparation of Article of Association

Included

Certificate of Incorporation

Included

Share Certificates for Shareholder(s)

Included

Physical Delivery of Documents

$159

TOTAL COMPLIANCE

Automated Compliance Reminders

Included

Preparation of Annual Returns

Included

Annual Financial Return Filing

Included

Company's Annual Renewal

Included

Government Fee for Renewal

Included

Active Register of Directors

Included

Active Register of Shareholders

Included

Written Resolution of the Directors

Included

Bookkeeping by Experts

$299

Economic Substance BOSS Filing

Not included in the package

BANK ACCOUNT

Account Opening Assistance

Included

Support up to 3 traditional banks

Included

Support up to 2 digital-first banks

Included

Remote Opening Process

Included

MISCELLANEOUS

Nominee Director

Not included in the package

Nominee Shareholder

Not included in the package

Change in Authorized Share Capital

Not included in the package

Company Chop and Seal

Not included in the package

Certificate of Good Standing

Not included in the package

Certificate of Incumbency

Not included in the package

Certified by Registered Agent

Not included in the package

Certified by Notary Public

Not included in the package

Apostille on Document

Not included in the package

Certified by a CPA

Not included in the package

Acting as Your Legal Admin

Included

Dedicated Account Manager

Not included in the package

Proceed to Pay ┃
Secured by Stripe

Build what you need

COMPANY REGISTRATION

Company Registration Timeline

7-10 Days

Business Company (BC) Registration

Included

Unlimited Name Availability Check

Included

Government Fee for Incorporation

Included

Registered Agent

Included

Registered Address

Included

Preparation of Company Memorandum

Included

Preparation of Article of Association

Included

Certificate of Incorporation

Included

Share Certificates for Shareholder(s)

Included

Physical Delivery of Documents

$159

TOTAL COMPLIANCE

Automated Compliance Reminders

Included

Preparation of Annual Returns

Included

Annual Financial Return Filing

Included

Company's Annual Renewal

Included

Government Fee for Renewal

Included

Active Register of Directors

Included

Active Register of Shareholders

Included

Written Resolution of the Directors

Included

Economic Substance BOSS Filing

$299

Bookkeeping by Experts

Contact Us

BANK ACCOUNT

Account Opening Assistance

Included

Support up to 3 traditional banks

Included

Support up to 2 digital-first banks

Included

Remote Opening Process

Included

MISCELLANEOUS

Nominee Director

$1,499 per yr

Nominee Shareholder

$1,499 per yr

Change in Authorized Share Capital

Included

Company Chop and Seal

$349

Certificate of Good Standing

$349

Certificate of Incumbency

$349

Certified by Registered Agent

$249

Certified by Notary Public

$349

Apostille on Document

$299

Certified by a CPA

$299

Acting as Your Legal Admin

Included

Dedicated Account Manager

Included

Flexible and secure payment options worldwide

PROCESS

Incorporate in 5 Easy Steps

From Paperwork to Approval: Making Company Formation Fast and Straightforward

Step 1

Tell us your requirements

Click here and fill out the short form to let us know your requirements.

Afterwards, our team will get in touch with you to guide you through the process.

Step 2

Documents and due-diligence

Begin the company incorporation process by sharing the requested documents, as listed here. This enables us to begin the mandatory KYC and due diligence procedures to comply with local and international laws.

During the process of due diligence, our team might request additional information, documents, or clarification as needed.

If you ever feel lost while organising the documents, please contact us, as your dedicated manager from Vepapu will guide you through it.

Step 3

Application and follow-up

Our team will now have the required information and documentation in hand to proceed with completing the required paperwork involved in incorporating your company.

We will complete one or multiple application forms as required and coordinate with the registry to submit them for their official approval.

We will do timely follow-ups with the registry and actively work with them if they require any further clarification or documentation before their approval.

Step 4

Other registrations, if required

If there are any other registrations with different government departments that are generally required before commencement of any business, required for your specific business industry, or that you have chosen voluntarily, we will promptly complete them.

Step 5

Ongoing compliance

As Vepapu strongly believes that company incorporation is just the first step in any business journey, we will accompany you throughout your business's life cycle by keeping it in good standing with local rules and regulations.

We will take care of monthly, quarterly, bi-annual, or annual reports and return filings with the authorities. We will timely inform you of the upcoming compliance deadlines, such as conducting an annual general meeting, for your prompt action.

FAQ

Frequently Asked Questions

General

Does my information be displayed publicly by the B.V.I. government?

There is no public directory in the BVI. Directors' and shareholders' details will not be made public under any circumstances.

The registers of company directors, shareholders, or beneficial owners should be kept at the address of the registered agent. The company has the option to file the information with the registrar for registration.

Are there any taxes in the BVI? Do I have to pay any taxes under my offshore company in the BVI?

when you set up an offshore company in the British Virgin Islands (BVI), your International Business Company (IBC) enjoys a tax-free status for the profits it makes. This includes all income earned outside of the BVI. Your business is exempt from local taxes, making it one of the most sorted options for offshore company founders.

How can Vepapu help with forming and managing my offshore company in the British Virgin Islands?

Vepapu simplifies the journey of forming and managing your offshore company in the British Virgin Islands (BVI). Our all-inclusive platform and expert services cover every step. We offer registered agent services, local business addresses, nominee director and shareholder options, and even accounting plans. With Vepapu, you'll navigate compliance seamlessly and manage your company effortlessly through our user-friendly online dashboard. Change company details, alter share capital, and more with ease. Your offshore success story starts with Vepapu, and we will ensure your journey is smooth and hassle-free.

What are the different company types or structures available in the BVI?

Below are the different forms of companies in the BVI:
1. A company limited by shares
2. A company limited by guarantee with or without shares
3. An unlimited company with or without shares

Management

Are there any accounting and auditing requirements for the BVI companies?

Companies are not required to provide financial documents when filing annual returns; hence, there is no need to do accounting and/or bookkeeping. Companies are not required to provide financial documents when filing annual returns.

If you want to have an accurate financial picture of your company, you can opt for an accounting and bookkeeping plan from Vepapu. This makes your journey very simple, transparent, and data-driven.

Are there any annual filing or return submission requirements in the BVI?

Every year, your company needs to pay a fee (which depends on the authorized share capital of the company) to the government.
1. For BVI offshore company authorized to issue no more than 50,000 shares, the renewal fee is US$550;
2. For BVI offshore company authorized to issue more than 50,000 shares, the fee is US$1,350.
This is to keep your company's records up-to-date and legal. You also have to send a report to the Registrar, which is like the official keeper of records. In this report, you say that no changes, other than ones already notified to the Registrar, have been made to the Memorandum of Association, and no business has been carried out within the country. This keeps everything transparent and in line with the rules.

We make sure that you don't miss these steps, so your business can run smoothly without any issues. We will inform you of these encounters at least 2 months in advance, which gives you flexibility to take actions easily on the Vepapu dashboard.

What ongoing compliance requirements do I need to fulfil for my BVI offshore company?

First, you need to keep your local registered agent and registered address in place. This helps keep your company's official records accurate and accessible.

Also, you have to pay an annual fee. This fee is based on the authorised share capital of the company. This keeps your company compliant with the BVI rules and regulations.

Are there any obligations to conduct Annual General Meeting (AGM) in the British Virgin Islands?

No, a BVI Exempted Company isn't required to hold an annual general meeting (AGM) as per the Companies Law. But if the company's Articles of Association say it should or if most of the Board of Directors agree, then an AGM can happen. It's not a must, but it's possible if you want to have one.

How much does it cost to maintain a company in the BVI?

The maintenance costs include the following:
1. Annual fee (depends on the authorised share capital of the company); and
2. Registered Agent fee.

Directors

Does my company need local directors or shareholders?

No, there is no need to have local directors or shareholders to form your offshore company in the BVI. A company must have at least one director in the company, but it can be yourself irrespective of your country of citizenship, origin, or residence.

Optionally, you can use Vepapu's Nominee Director and/or Nominee Shareholder services to hide your identity in your company formation documents as well.

Can a foreigner or a foreign company register a company in the BVI?

Foreigners can set up companies in the BVI, and 100% foreign ownership is not only allowed but encouraged by the government. Foreigners can easily set up a company as there are minimum requirements for setting up a company in the BVI, such as no residency requirements for directors.

What is the minimum number of directors or shareholders required to form a company in the BVI?

A minimum of one director or shareholder is required to form a company in the BVI. No specific requirements on the locality or qualification of directors or shareholders exist. A member of a BVI company can be a natural person or a corporate body. Especially, a corporation can be the UBO (ultimate beneficial owner) only if it is listed publicly.

Incorporation

How long will it take to incorporate a company in the BVI?

Normally, it takes about 2 to 4 working days from when all the required documents are in place to be filed for your company's formation with the Registrar.

What documents are required to form a company in the BVI?

1. Notarized / Certified true copies of valid passports for all directors/shareholders; and
2. Notarized / Certified true copies of residency proofs for all company directors and shareholders (i.e., utility bill or credit card bill).

These are the general documents needed for your BVI offshore company's formation.

How much does it cost to form a company in the British Virgin Islands?

The government fee for setting up a BVI Company is dependent on the authorised share capital of the company. For example, for BVI company authorised to issue no more than 50,000 shares, the incorporation fee is US$550 and for BVI company authorised to issue more than 50,000 shares, the incorporation fee is US$1,350.

While completing the company formation procedure with Vepapu, you can go through our transparent pricing before you commit anything. There will be no additional or hidden costs associated with forming your company in the BVI while working with Vepapu.

How to name a company in the BVI?

An International Business Company (IBC) in the British Virgin Islands needs a name that ends with terms like Limited, Corporation, Incorporated, and more, or their shorter forms. Also, the name can't be the same or like an existing company's name. Plus, it can't hint at being connected to the Royal Family or the Government of the British Virgin Islands. This keeps things clear and distinct.

We've got you covered; we offer unlimited name checks with the BVI. So, if your preferred name is available, you're all set.

Do I need to obtain any business licenses in the BVI?

Yes, there are certain business activities in the Cayman Islands that need a license from the Cayman Islands Monetary Authority (CIMA). These activities include things like banking, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment funds, trusts, trustees, Chamber of Commerce, universities, municipal or their foreign language equivalents. Some businesses are required to be licensed by the Financial Services Commission like banking, insurance, trust, fund management, investment business, etc.

What is the minimum registered capital or authorized share capital in the BVI?

There's no required minimum registered capital for your BVI company. Typically, the authorised capital is set at US$50,000.

say hi

Contact Us

Get in touch and ask us anything. We'd love to help.

Customer support executive

WhatsApp

+1 307-886-4647

Email

hello@vepapu.com

Live Chat

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Take your first step, the right one.

Yes, included

Company Registration

Yes, included

Bank Account

Yes, included

Total Compliance

GET STARTED NOW

Included in the package

Company Formation

Included in the package

Registered Agent

Included in the package

Registered Address

Included in the package

Nominee Services

Included in the package

Expert Bookkeeping

Included in the package

Bank Account Opening

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