Incorporation

Register your BVI Company with Skala

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British Virgin Islands
from $5,000
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BVI Taxation

Corporate Income Tax
None for foreign-sourced income
Capital Gains Tax
None
Withholding Tax
None on dividends, interest, royalties, or other payments to foreign shareholders
Sales Tax/VAT
None
Reporting and Filing
Minimal, no annual tax return or financial statement filing required
Skala does not provide tax, legal, or accounting advice. This table has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors.
Corporate Income Tax
None for foreign-sourced income
Capital Gains Tax
None
Withholding Tax
None on dividends, interest, royalties, or other payments to foreign shareholders
Sales Tax/VAT
None
Reporting and Filing
Minimal, no annual tax return or financial statement filing required
Skala does not provide tax, legal, or accounting advice. This table has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors.

Formation Timeline

Onboarding
Fill out the questionnaire with the company details: name, contact details, management, etc.
Day 1
KYC & Company Incorporation
We’ll file the KYC documents and company application to the BVI Company Registry.
Day 2
Corporate Documents
We’ll upload corporate documents to the company dashboard.
Day 14

Pricing

The Basic Setup
$5,000
Affordable registration option.
Get started
What’s Included
Government Fees
KYC/AML Compliance Fee
1-year Registered Agent Fee
1-year Registered Address Fee
Basic Corporate Documents
Free for everyone:
Team
Fundraising
Legal Templates
Marketplace

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FAQ

What are the annual maintenance costs?

The annual maintenance costs may vary depending on your particular business operations. However, the usual annual cost breakdown is as follows:

  • $980 Registered Address & Office
  • $190 Due Diligence
  • $550 Government Fee
  • $340 Economic Substance filing (ESA)
  • $250 Annual Return Filing
Is information about the BVI companies and their owners private?

Yes, information about BVI companies and their owners is generally private. The BVI does not publicly disclose beneficial ownership information, and ownership details are only accessible to relevant authorities. However, certain disclosures may be required under international regulations like anti-money laundering laws.

Do I need a local director in the BVI?

No, a local director is not required in the BVI.

What documents are required to set up a BVI company?

To set up a BVI company, you’ll need to provide the following documents for every shareholder and director of the company:

  • a certified passport copy
  • a certified copy of the second ID (e.g., drivers license or residence permit)
  • a certified copy of the document confirming the residential address (utility bill, bank statement, or rental agreement) issued not later than 90 days prior to the company incorporation date
  • proof of source of income (e.g., services agreement or employment contract)
  • professional reference letter from a lawyer or accountant
  • most recent CV
Do I need to have a physical office in the BVI?

No, you do not need a physical office in the BVI to incorporate a company. BVI companies can operate without a physical presence, as long as they have a registered agent and a registered office address in the BVI.