Steps to open a BVI company

1.1 What are the requirements to register an offshore company in BVI?

In order to set up a company in BVI, you need at least:

• 1 director
• 1 shareholder

The shareholders, directors, and officers of a BVI Business Company may be individuals or corporations and of any nationality. All of them can be the same person. Directors and shareholders must have the adequate capability, legal status and must be at least 18 years old.

 1.2 How long does it take to register a BVI offshore company?

It often takes from 7 to 10 working days to complete the BVI offshore company registration process. Additional time may be needed if required.

1.3 What are the steps of BVI offshore company formation?

There are three (3) main steps to incorporate a BVI offshore company with Global Link Asia Consulting:

1.3.1. Prepare a company name

Choose three (3) different company names and Global Link Asia Consulting will help to check if any of the names are available. Companies in BVI need to be named as follows:

• The name of a limited company must end with the word “Limited”, “Corporation”, “Incorporation”, “Incorporated”; the words “Societe Anonyme”, “Sociedad Anonima”, the relevant abbreviations (Ltd., Corp., Inc., S.A.) or other word or words, or abbreviations thereof.
• The name of an unlimited company must end with the word “unlimited” or the abbreviation “Unltd”.
• The name of a restricted purpose company must end with “(SPV) Limited” or “(SPV) Ltd”.
• The name of a segregated portfolio company must end with “Segregated Portfolio Company Limited”; “Segregated Portfolio Company Ltd”; “SPC Limited”; “SPC Ltd”; or, in the case of a segregated portfolio company that is a restricted purposes company, one of the phrases specified in this paragraph with “(SPV)” inserted immediately before that phrase or immediately before “Limited” or “Ltd”.
• The name of a BVI Business Company includes the expression “BVI Company Number”, followed by company number in figures and the ending required, for example, “ BVI Company Number 937238 Ltd”. Such company names may also contain additional foreign characters between the company number and the ending.

• 1.3.2. Prepare the documents required

• Global Link Incorporation will send you a list of documents required to set up a company in BVI and will support you in preparing these documents.Depending on your business needs, Global Link Incorporation can assist you to open a physical bank account in the BVI or other countries (Singapore, Hong Kong, etc.). We will also help you to open an online international bank account.The outcome of your application to open a physical bank account depends solely on the bank. Thanks to our extensive partnership with various financial service providers, Global Link Asia Consulting can help you estimate your chance of successful application with the bank, speed up the application process, and negotiate better rates.

Global Link Incorporation will:

• Assess your business needs and provide a comprehensive business strategy for you before opening a company
• Review and prepare all required documents to register a company in BVI
• Pay all required incorporation fees to the BVI government
• Provide a registered office address for 01 (one) year
• Provide all corporate documents and a company stamp set
• Assist to open a bank account in Singapore (or an online bank account in the United States (“the US”). Please note that the application outcome depends on the bank’s assessment.