Company Formation in BVI
STEPS OF COMPANY FORMATION IN BVI
In order to incorporate an offshore company in BVI, the following steps have to be considered:
- The name of the proposed company has to be checked on availability and upon approval be reserved with the BVI authorities;
- The name of the company, the address of the registration office, the appointment of the Registered Agent, the name of the shareholders and the number of shares issued to them and the name of the directors of the company must be provided to the BVI authorities;
- The company has to register the Memorandum and Articles of Association at the Companies Registrar. The registration is made through the Registered Agent, which must sign all the documents in behalf of the shareholders;
- The usual time frame for incorporating an offshore company in BVI is 3 to 4 working days.