Company formation in British Virgin Islands
BVI Business Company
Legal minimum, year 1£1,735
Legal minimum, per year after£810
Typical year 1£2,440
Corporation tax0%Ease Banking
Every fee
Setting up
Government fee£540
$550 to $700 incorporationRegistered agent and office (first year)£385 to 580
Required$500 to $750
Formation agent fee£0 to 630
Optional
Share capitalNone
Time to form2 to 5 days
Running it, per year
Government annual fee£425
Required$550
Registered agent and office£385 to 580
Required
Annual return and substance report£0 to 390
RequiredOften bundled by agent
Legal minimum after year 1£810
Audit: None legally requiredForeign ownersNo resident directorFully remote via licensed registered agent
Tax0%Dividend withholding: 0%VAT/GST: None
BankingVery hard to bank; most use EMIs or banks elsewhere
Annual return and economic substance report every year. Usually taxed where managed.
Questions
- How much does it cost to set up a company in British Virgin Islands?
- The legal minimum for the first year is £1,735, counting only what the law requires and doing every filing yourself. A typical first year, with an accountant, costs about £2,440. The government fee is £540 ($550 to $700 incorporation). Share capital is not included.
- How much does it cost per year to run a company in British Virgin Islands?
- The legal minimum after the first year is £810 a year. Running costs including optional and practically needed services range from £810 to 1,395. Audit: None legally required.
- Do I need a local director in British Virgin Islands?
- No. No resident director.
- Can a non-resident form a company in British Virgin Islands remotely?
- Yes. Fully remote via licensed registered agent.
- What is the corporation tax rate in British Virgin Islands?
- 0%. Dividend withholding: 0%. VAT/GST: None.
- How long does it take to form a company in British Virgin Islands?
- 2 to 5 days.
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