British Virgin Islands

The key features of a BVI Company Registration are:

Company transferred within 48 hours

Only 1 director and 1 shareholder are required in a BVI Company, the director and shareholder can be the same person
You do not need to be resident in BVI to be a director or shareholder
A BVI Company can be transferred with no personal visit required
No annual accounting requirements
Business can be conducted internationally
Exemption from all local taxes and stamp duty
Only 1 yearly renewal fee required for a BVI company

The British Virgin Islands is most commonly known as BVI. It is one of the oldest and most respected offshore financial centres in the world. BVI is a British overseas territory located to the east of Puerto Rico, in the Caribbean. To the North of the Island lies the North Atlantic Ocean, and to the South Lies the Caribbean Sea.

The most common BVI Company type in is an International Business Company (IBC).

IBC’s are companies in the British Virgin Islands under the International Business Companies Act, 2004.

Company Formation

What is Company Formation

Company formation is the process of legally incorporating a business as a limited company. It is also known as company incorporation and company registration. Company Formation is the leading company formation agent specialising in forming companies both in the United Kingdom and Worldwide.

What is a Limited Liability Company

A limited company is a business structure that is legally separate from its owners – usually the shareholders and subscribers. The main benefit of forming this entity is to enjoy the status of ‘limited liability’ which means the owners are not personally liable for the financial losses of the business. Other benefits are enhanced corporate image, tax efficiency, investment and lending opportunities, and ease of selling the business.

What is the process to form a Company?

It could not be easier to set up a limited company or LLP with Rapid Formations. To start the company registration process, simply enter your company name into our name check tool, select a company formation package, add any address services you may require, proceed to checkout and pay, and take 5 minutes to complete your company details.

How long does it take to form a Company?

It normally takes about 5 to 10 minutes to complete your company application on our website, and then between 3 and 6 working hours for your company registration to be approved, although this can take up to 24 hours – dependent on Companies House workload on the day. If it is important that you have your new company registered as soon as possible, or, on a specific day, we recommend you add the Guaranteed Same Day Service to your order on the Checkout page.

What documents do I need to form a Company?

To set up a limited company you simply need a company name, the business activity of the company, a registered office address in the UK, and the details of the company directors, shareholders and People with Significant Control (PSC). The beneficial owners of the company, those owning more than 25% of the issued shares, may also be required to provide proof of ID and address.

Do I need a business bank account?

It is not a legal requirement for a UK registered company to have a business bank account; however, in practice you will find it extremely hard to operate a business without its own bank account. We offer various business bank accounts with all company registration, both in the UK and Internationally.

How easy is it to close my company?

The process to dissolve your company is very quick and straight forward. We can deal with this on your behalf, every step of the way.

Registered Office / Virtual Office / Physical Office

What is a Registered Office?

A Registered Address is the legal address of your Company where all mail is scanned and emailed to you free of charge. In addition, this address will be used for the purpose of receiving all official correspondence for your Company.

Do I need a Registered Office?

Yes. All UK Limited Liability Company require a registered office which is used on all Company paperwork and other correspondence, including your website. This also means that your home address is not publicly visible so affords you a level of security and anonymity.

Can I use an address outside of the UK?

Unfortunately not. The Registered Office must be within the UK and therefore we are able to supply this address to you.

Bank Account Opening

Payment Processing

Accounting, VAT and Tax Returns

Nominee Services

Readymade / Shelf Companies

We have a large stock of Readymade and Shelf Companies in the United Kingdom and Worldwide to fit the needs and requirements of your business through our dedicated team at