Company Features
Usually, BVI corporations can be registered in a period of 3 working days. Only one director or shareholder required for the company formation, it can be the same person, either natural person or corporate body. There is no need to appoint local shareholders and directors, as well as secretary – resident of the BVI.
BVI IBC's are allowed to:
- Open and maintain bank accounts in BVI;
- Hold meetings of directors and shareholders in BVI;
- Hold company registers and records;
- Lease real estate or rent property to use it as local office;
- Hold shares of another BVI company.
BVI IBC's are not allowed to:
- Carry on any business activities with the residents of the BVI;
- Own real property located in BVI;
- Initiate company management business, without being licensed under the Company Management Act, 1990;
- Initiate any business connected with banks or trusts, without being licensed under the Banks and Trust Act, 1990;
- Provide service of Registered Agent or Registered Address to other companies incorporated in BVI.
- Act as insurance or reinsurance company, insurance agent or insurance broker without the proper license.
Privacy
The BVI incorporation documents do not carry the name or identity of any shareholder of director. The names or identities of these persons do not appear in any public record.
