You are here: / Tax havens / The British Virgin Islands

Do you have question or suggestion?

Contact us

The British Virgin Islands

The British Virgin Islands (BVI) are an overseas territory of the United Kingdom. The BVI includes over 50 small Caribbean islands. It is a well-known tax haven, however, in the present moment it can no longer provide too much anonymity.

Capital: Road Town
Official language: English
Currency: USD

Business in BVI - benefits local jurisdictions

It is a well-known tax haven. Unfortunately nowadays it can no longer provide too much anonymity. General meeting of the company can be held anywhere in the world by via a phone call. 

The legal form of the company

Business Company - Companies Limited by Shares, companies are obliged to keep headquarters on the British Virgin Islands


Anglo-American legal system
BVI Business Companies Act, 2004

Time needed for company formation

Usually within 4 days assuming all documents are submitted on time, delivery of documents in three weeks.


Minimum number: 1, natural or legal person, may be non-resident


Minimum quantity: 1, natural or legal person, may be non-resident Note: the higher the level of anonymity suitable local agent

Share capital

There is no minimum amount

Bearer shares (bearer)

Allowed (must be deposited with an authorized intermediary, such as a registration agent)


BC Companies do not pay taxes on income from business activities outside the islands, income from dividends, interest, rents, royalties, capital gains on securities. No local tax obligation, including inheritance tax, gift tax, real estate tax, stamp duty, customs, etc. The BC pay only an annual fee.


The financial statements are not required



Anonymity and confidentiality

Index of companies not publicly accessible (names of shareholders and directors are known only to the registration agent)

The most common use of the BVI

  • Holding (parent company) to another company for purposes of property privacy
  • Direct sale of goods or services where it is not necessary to use a system of agreements to avoid double taxation and no risk of withholding taxes
Reduced price of virtual office Prague 1

We have reduced the price of virtual office at Prague 1. Read more.

New virtual office at Prague 1

New virtual office for your company at Prague 1. For more info click here.

Open News Archive