Incorporation – BVI

ncorporating a BVI Company / Establishing an Offshore Business
Incorporating a BVI company (British Virgin Islands) is a top choice for offshore business formation. The BVI, a rapidly growing offshore financial hub, is widely adopted by Hong Kong-listed firms as holding entities, particularly due to its high privacy standards—director and shareholder details are not publicly disclosed.

Evershine Accounting offers one-stop BVI company incorporation services, including streamlined online bank account setup, ensuring efficiency and convenience.

Why Choose a BVI Company?

1. Privacy & Confidentiality
   
   • No public registry for director/shareholder information, ideal for asset protection and discreet operations.
2. Tax Advantages
   
   • Zero corporate tax on offshore income and unrestricted foreign exchange flows.
3. Global Credibility
   
   • BVI’s robust legal framework and international recognition enhance trust for cross-border transactions.

BVI Company Registration Process

1. Name Reservation
   
   • Ensure the name ends with “Limited” and avoids sensitive terms (e.g., “Royal” or “Government”). Unique names are mandatory.
2. Documentation
   
   • Submit:
     
     • Articles of Association (customized or template-based).
     • Director/shareholder details (minimum one director and shareholder; no residency requirements).
     • Proof of registered agent services (mandatory for BVI compliance).
3. Submission & Approval
   
   • Processed through a licensed registered agent. Approval typically takes 1–2 weeks, with issuance of a Certificate of Incorporation.

Opening a BVI Company Bank Account

Evershine Accounting facilitates remote account setup with flexible options:

• Traditional Banks (e.g., HSBC):
  
  • Requires in-person interviews, company documents, and business activity proof.
• Neobanks/International Banks (e.g., CBI Bank):
  
  • Video verification and minimal documentation, ideal for expedited access.
• Multi-Currency Accounts:
  
  • HSBC and other institutions offer accounts in USD, EUR, HKD, etc., supporting global trade.

Post-Registration Compliance

• Annual Requirements: Renew registered agent services, file economic substance declarations (if applicable), and maintain accounting records.
• SCR (Significant Controllers Register): Mandatory for companies engaged in regulated activities.