Get Licence Application Form

Best uses for a BVI company The BVIs are a great jurisdiction to establish an offshore entity to book global profits while minimizing tax. While a BVI BC does not have to pay corporate tax on its global profits, our Client's income through a BVI BC may be subject to personal income tax in the country of residence.

Company Formation Requirements for BVI Certificate of incorporation; Articles and Memorandum of Association; Minimum of one shareholder and director; A legal registered office; A legal registered agent; Directors Acceptance Letter; Share(s) certificate; Articles and Plan of Consolidation;

Process. Step 1: Collect Application Form and Check List from the 1st floor of the Department of Trade or online in the link below. Step 2: Complete form; submit to the Department of Trade. An Officer will peruse the application to ensure that all necessary documents are included.

The CRVL Act provides that a commercial recreational vessel is any vessel offered for hire, for payment or reward, with or without crew, for the conveyance of passengers for a particular period of time, and that a non-commercial recreational vessel is any vessel other than a commercial recreational vessel.

Each person wishing to fish in BVI waters must be in possession of a recreational fishing license. These can be obtained from The Department of Agriculture and Fisheries via their website for a fee of $45. BVISUPCO are happy to assist with this process for a fee of $60 including the governmental fee.

There are currently more than 500,000 foreign businesses incorporated in the BVI. The BVI pre-eminence as an offshore financial centre started with its enactment of the International Business Companies Act of 1984, which provisioned for the formation of International Business Companies (IBCs) in its territories.