British Virgin Islands

We assist global clients looking to do  business in British Virgin Islands with the A to Z of business setup without the need for the client to travel to the territory. Some of our services include:

Company / Branch registration

Tax registration and obtaining PIN

Regulatory licenses across all sectors

Personal and corporate bank account opening

Accounting and tax support services

Provision of nominee directors and shareholders

Recruitment and employee hiring

Virtual/Physical Office space solutions

Employment and residency visas

The most common corporate structures preferred by foreign investors setting up in British Virgin Islands is the limited liability company (IBC)

Advantages and disadvantages of British Virgin Islands business setup

  • Zero corporate income tax on worldwide profits.
  • No capital gains or inheritance tax on assets.
  • Confidentiality with no public disclosure of directors or shareholders
  • Simple and quick incorporation process, usually within 2-5 days
  • Minimal reporting requirements and no financial audits.
  • Low annual fees to maintain the company
  • Full foreign ownership allowed with no local director required
  • Access to international banking and financing options
  • Stable political and economic environment with a trusted legal system
  • Ideal for holding companies due to tax-neutral status.
  • Limited economic substance – BVI companies may face challenges proving they have real offices or staff in the BVI, which can be a problem for doing business with some countries
  • No tax treaties – Without agreements to avoid double taxation, BVI companies might not be able to reduce taxes on international income.
  • Perceived as tax haven – The reputation as a place for tax avoidance can lead to mistrust or negative assumptions about a BVI company.
  • Regulatory changes risk – Laws and rules that govern BVI companies can change, which may affect how they operate and their benefits.
  • Scrutiny by foreign authorities – Authorities in other countries might look closely at BVI companies, which can lead to extra checks and questions about their activities.

Important links:

Company incorporation steps in British Virgin Islands:

  1. Choosing a company name: Girimba Consultants shall ensure the name is unique and complies with BVI regulations and shall reserve the name with the registration office
  2. Prepare incorporation documents: We shall draft the Memorandum and Articles of Association and other documents and have the Client append their signatures
  3. Submission of documents to the FSC: Girimba Consultants shall submit the incorporation documents and fees to the BVI Financial Services Commission (FSC)
  4. Certificate of Incorporation: The Certificate of Incorporation shall be Issued by the FSC within a week
  5. Trade Licenses and Permits: Our Team shall obtain the requisite industry specific licenses and permits for the company
  6. Register for Economic Substance compliance: Our team shall submit a report to ensure compliance with BVI Economic Substance regulations
  7. Registration for Social Security: Girimba Consultants shall register the Company with the BVI Social Security Board for employee contributions
  8. Registration for National Health Insurance (NHI): Our Team shall enroll the Company in the BVI NHI scheme for mandatory health contributions
  9. Registration for Payroll Tax (if applicable): Our Team will also register the Company with the Inland Revenue Department for payroll tax if employing local staff
  10. Opening a bank account: Our Team shall help our Client open a Bank Account with a top tier bank In British Virgin Islands

    Seek specific business information:

    Let us know more about your business needs by completing the form below. Our team will get back to you within twenty four hours.

    All information provided to Girimba via this form remains confidential, Girimba shall not sell, share or transfer any details to any authority or third parties except as may be required by law. If you however prefer not to fill up the form, you are welcomed to contact us by email or phone directly.

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    Girimba Consulting conducts business with openness, transperancy and honesty.We respect and uphold our Clients’ confidentiality, we offer quality service at affordable rates. Contact us for professional solutions.

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    Clarence S. Carlos

    Regional Cordinator

    Clarence is our regional cordinator and head of business setup secretariat.