Offshore BVI Guarantee Company Formation, Registration and Online Non-Profit Incorporation in British Virgin Islands: Open an Offshore Bank Account in BVI
. We provide reasonable and budgeted BVI guarantee company formation, ready-made companies limited by guarantee, bookkeeping & accounting, tax planning, tax filing and a wide range of corporate services. We also provide the registered office addresses in the BVI, a virtual office; assistance with the opening of a BVI offshore or UK corporate bank accounts for our local and overseas customers. You can incorporate a BVI limited company by guarantee online using our own company registration software. Our firm has been establishing to provide the practical guidance and qualified assistance in starting and running a business within offshore and UK jurisdictions. Our web-site summarises the procedures and costs associated with setting up a business in BVI and in other countries. We advise you on the most appropriate business legal entity to suit your individual or business circumstances, so that you do not need to spend your cost-effective time to research or guess with the different options. We have years of experience behind us and have established a well respected name and reputation. Allow us to help you to establish a company and get it running; or to select the best type of business for incorporation, and register your general trading, branch, place of business, subsidiary or BVI holding company. We may assist to register a right to manage, flat property management, intellectual property management, ship management, or charitable companies.
BVI Non-Profit Company Formations Agent - Companies Limited by Guarantee Registrar & BVI Offshore Banking
: We are a BVI company formation and business administration firm offers a comprehensive range of starting business solutions, corporate, legal, and tax advice. Since 1993, we have developed an excellent international reputation for providing the highest quality solutions and advice for our clients. We provide exactly the same service as most other agents, but apart from the other corporate service providers, we are not a home-based family business with only online presence. In addition, although most of professionals have conventionally worked on an hourly basis, our main target is selling the amount of high-grade products and first-rate services than high-cost time. Where the scope of the work can be adequately specified, we keenly encourage alternative fixed-fee arrangements, or an applicable percentage; as the simplest example: from the legally tax-reductions. The BVI Companies Act (Cap. 285) provides for the establishment of domestic private companies limited by guarantee. Such companies have no authorised share capital and no shareholders. A domestic company can apply to the BVI Companies Registry for status as a "non-resident company" and thereby secure exempt status from BVI corporation tax on income not sourced in or remitted to the BVI. BVI company limited by guarantee can achieve (through specialised drafting of the memorandum and articles of association) several purposes, including serving as an offshore holding company, asset protection, charity, investment, private company in lieu of a private trust, real estate, succession company in lieu of a will or grant of administration, or private annuity company.
BVI Company Limted by Guarantee Name Registration & Small BVI Business Start-Up Advice
: A company limited by guarantee must have a minimum of two members; the memorandum of association contains a statement of the amount up to which the members guarantee the company's debts. The articles can provide for the members to have differing 'shares' of the assets and liabilities. The company limited by guarantee has certain advantages, including that there is no list of members on the annual return, and that control over assets can be achieved without the use of shares; in some jurisdictions, profits realised from such companies are classified as capital gains rather than as income. BVI companies limited by guarantee can be resident or non-resident, as for those limited by shares.
Coddan offers three packages which are designed to meet the varying needs of our clients. All of our packages include a local registered agent and a local registered office address in BVI, both of which are statutory requirements. Our Economy package is perfect for those wishing to form a company with their own officers. If you do not have the requisite minimum officers, or if you prefer to maintain a level of anonymity for legitimate business reasons, our Premier and Deluxe packages are the perfect solution. With our Premier package, Coddan will act as a nominee director for your company. In addition to a nominee director, our Deluxe package includes a nominee member for your company. We may also help you to establish and open an offshore bank account in British Virgin Islands for your company.
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Economy Package
£ 1,185
Annual Maintenance Fee £669.00
This is one of our most popular packages with worldwide customers, and includes: -
The formation of a BVI company limited by guarantee usually takes as little as five to seven working days from the time that your application and payment are received by Coddan;
The registration your BVI company limited by guarantee from scratch using our registered agent & registered office address; and appoint your own candidates to the roles of director, and members;
The government and initiation fees for incorporation are included in the price of this package;
The search for a company name availability, confirmation, and reservation;
The preparation and submission of the memorandum and articles of association;
A local registered office address and a local registered agent for 12 months are included in the price of this package (our registered agent & office address service are charged annually);
To receive an original of the certificate of incorporation from the Companies Registrar usually takes as little as two to three days from the time of incorporation.
The following hard bound copy of corporate documents, will be posted to you upon formation of your company limited by guarantee: -
An original certificate of incorporation;
A hard bound copy of the memorandum and articles of association;
The minutes of the first meeting of the board of directors;
A completed register of directors and members;
An elegant printed membership certificates;
A pliers seal.
Premier Package
£ 1,445
Annual Maintenance Fee £929.00
This is another one very popular package with worldwide customers, and includes: -
The formation of a company limited by guarantee usually takes as little as five to seven working days from the time that your application and payment are received by Coddan;
The incorporation your BVI company limited by guarantee from scratch using our registered agent & registered office address, and appoint your own candidate to the role of a members;
The government and initiation fees for incorporation are included in the price of this package;
The search for a company name availability, confirmation, and reservation;
The preparation and submission of the memorandum and articles of association;
A local registered office address and a local registered agent for 12 months are included in the price of this package (our registered agent & office address service are charged annually);
The provision of a nominee director for one year is also included in the price of this package (our nominee director service is charged annually);
To receive an original of the certificate of incorporation from the Companies Registrar usually takes as little as two to three days from the time of incorporation.
The following hard bound copy of corporate documents, will be posted to you upon formation of your company limited by guarantee: -
An original certificate of incorporation;
A hard bound copy of the memorandum and articles of association;
The minutes of the first meeting of the board of directors;
A completed register of directors and members;
An elegant printed membership certificates;
A pliers seal;
The general power of attorney signed by a nominee director (additional fee applies);
Pre-signed, undated resignation letter from a nominee director;
The agreement for the provision of a nominee service and indemnification of nominee.
Deluxe Package
£ 1,640
Annual Maintenance Fee £1,124
This is our most popular package with international customers, and includes: -
The formation of a company limited by guarantee usually takes as little as five to seven working days from the time that your application and payment are received by Coddan;
The registration your BVI company limited by guarantee from scratch using our registered agent & registered office address, and appoint our own candidates to the role of a nominee director and a nominee member;
The government and initiation fees for incorporation are included in the price of this package;
The search for a company name availability, confirmation, and reservation;
The preparation and submission of the memorandum and articles of association;
A local registered office address and a local registered agent for one year are included in the price of this package (our registered agent & office address service are charged annually);
The provision of a nominee director for 12 months is included in the price of this package (our nominee director service is charged annually);
The provision of a nominee member for 12 months is also included in the price of this package (our nominee member service is charged annually);
To receive an original of the certificate of incorporation from the Companies Registrar usually takes as little as two to three days from the time of incorporation.
The following hard bound copy of corporate documents, will be posted to you upon formation of your company limited by guarantee: -
An original certificate of incorporation;
A hard bound copy of the memorandum and articles of association;
The minutes of the first meeting of the board of directors;
A completed register of directors and members;
An elegant printed membership certificates;
A pliers seal;
Pre-signed, undated letters of resignation from a nominee director and a nominee member;
A general power of attorney signed by a nominee director (additional fee applies);
A declaration of trust from a nominee member;
An indemnity letter for the power of attorney;
A nominee agreement which provides for the indemnification of the nominees.
BVI Guarantee Company Incorporation Legal Requirements
A company limited by guarantee can trade within the British Virgin Islands or own real estate in the jurisdiction of the BVI.
A company limited by guarantee is required to have a registered office address in the British Virgin Islands.
A company is required to have a registered agent in the British Virgin Islands.
At least one director must be appointed as a managing director of a business company.
There is no maximum number of directors.
A director can be of any nationality.
Director(s) can be corporate bodies (another company, trust or a partnership) or private individuals.
At minimum, two members must be appointed.
Members can be corporate bodies (another company, trust or a partnership) or private individuals.
The same person can be appointed both as a member and a director. You need at least two persons to form this type of company.
Company officers may be resident outside of the British Virgin Islands.
The names and addresses of directors and members are not available on the public record.
There is no requirement for appointing a resident member or a resident director.
There is no requirement for a resident secretary, but it is advisable.
A domestic company can apply to the BVI Companies Registry for status as a non-resident company and thereby secure exempt status from BVI corporation tax on income not sourced in or remitted to the BVI.
A company limited by guarantee can undertake commercial activities without the need for any subscribed equity capital.
A BVI company limited by guarantee can achieve (through specialised drafting of the memorandum and articles of association) several purposes, including serving as an offshore holding company, asset protection, charity, investment, private company in lieu of a private trust, real estate, succession company in lieu of a will or grant of administration, or private annuity company
Confidentiality is one of the key features of the BVI business company as details of the company beneficial owners, directors and members are not part of public record. Register of members, register of directors and all minutes and resolutions by the company are kept only at the offices of the registered agent in complete confidentiality.
The British Virgin Islands seem to have got as close to being a perfect 'private' offshore international financial centre as can be imagined. For 25 years the Government has welcomed offshore business, and has created a world-standard regulatory structure to avoid money-laundering and other criminal activity. Like Bermuda, the BVI decided not to encourage the growth of offshore banking, but instead introduced the BVI international business company which must be the world's most successful offshore entity, and is used extensively in financial holding and investment structures, as well as in trust management. The BVI have also been successful in developing mutual funds and captives, although not being the leading jurisdiction in either case. Finally, the BVI have a strong position in yachting both as a registry and as an operating base.
The British Virgin Islands (BVI) are the group of islands located about sixty miles due east of Puerto Rico. The principal islands are Tortola and Virgin Gorda. Road Town is the capital city and financial centre of the BVI, located on the island of Tortola, which is connected by a toll bridge to Beef Island and where the international airport is situated. The islands of the BVI were christened by Christopher Columbus when sighted in 1493 on his second expedition to the New World as "Las Once Mil Virgines", in honour of St. Ursula and her maidens who sacrificed their lives for God in 4th Century Cologne. The Crest of Saint Ursula is the national symbol of the BVI. The BVI is politically stable; under the 1967 constitution, the Governor represents the Queen and heads an Executive Council. There is a 13-member elected Legislative Council.
As a British Overseas Territory with a long history of political stability, the BVI offers all the security traditionally associated with the British flag. The territory is responsible for its own internal self-government, and is governed by a democratically elected Legislative and Executive Council. Democratic elections are held at least once every four years. BVI Law is based on the British Legal System and English Common Law. The court system is made up of a Magistrates Court, a High Court and a Circuit Court of Appeal of the Eastern Caribbean Supreme Court with final appeal to the Privy Council in England. International banking, commercial and financial services are available in Road Town, and communication facilities in the BVI are first rate.
1. A company limited by guarantee registered in the British Virgin Islands can trade within the British Virgin Islands or own real estate in the jurisdiction of the BVI. 2. There is no minimum paid up capital requirement, and capital may be expressed in foreign currency. 3. At minimum, one member must be appointed. Subscribers (members) may include an individual, a corporation or a trust; an offshore company may have a nominee member, who can be provided by Coddan. 4. At least one director must be appointed as a managing director of a non-profit company, there is no maximum number of directors, a director can be of any nationality. Director(s) can be corporate bodies (another company, trust or a partnership) or private individuals. A BVI offshore company limited by guarantee may have a nominee director, who can be provided by us. 5. A secretary is not legally required (but can be useful). 6. There is no requirement for appointing a resident member or director. Directors, secretary and members can be of any nationality. 7. Each BVI offshore company limited by a guarantee must maintain a registered agent and a local registered office address using licensed agents - these are the only details about an offshore business company that are available on the public file. 8. A BVI registered non-profit companies do have an obligation to prepare of file financial accounts. Records must be kept that are sufficient to show and explain the company's transactions; and will, at any time, enable the financial position of the company to be determined with reasonable accuracy. 9. A BVI non-profit company can be exempt from the BVI income tax, the same exemption applies to all dividends, interest, rents, royalties, compensations and other amounts paid by a company, and all capital gains realised with respect to any shares, debt obligations or other securities of the company. 10. Confidentiality is one of the key features of the BVI non-for-profit company as details of the company beneficial owners, directors and shareholders are not part of public record. Register of members, register of directors and all minutes and resolutions by the company are kept only at the offices of the registered agent in complete confidentiality.
The only significant tax in the BVI is income tax, which applies to the relatively few local companies and to individuals; there are customs duties and some real estate taxes. The population of 19,000 is of mixed European and Caribbean origin. There is minor tension between the settled population and recently arrived Caribbean economic migrants. The economy is highly dependent on tourism, with financial services also important. There is no pressure for constitutional change. The local currency is the US dollar, and there are no exchange controls.
The BVI introduced its outstandingly successful international business company (IBC) in 1984; there are now more than 400,000 IBCs, with Hong Kong and Latin America the main sources of clients. The BVI has significant mutual fund and captive insurance sectors. Banking activity is, by design, quite minor. The BVI has tried hard to exclude money laundering, mostly with success, and has a relatively good reputation. Offshore business uses the international business company, the limited partnership and the trust; all are exempt from taxation. In conclusion, the BVI Government has a clear understanding of the value and importance of the Financial Services Sector to the local economy.
It is uncommon that any government devotes so much of its planning and resources to make the private sector so globally competitive. Government licence fees and charges by the BVI Companies Registry have remained unchanged and as such are extremely reasonable in contrast with other offshore jurisdictions. As the global economy continues to open up to free trade, OFCs will also develop and expand their range of financial services. It is evident from observing the evolution of BVI law, and its resultant economic activity, that emerging worldwide markets will continue to assist this trend, making the British Virgin Islands a key international commercial and financial business center in the 21st Century.
Incorporate a Company Limited by Guarantee in BVI: What We Can Do for You
Coddan is the firm with many years experience in assisting clients with business formations in offshore countries, such as the British Virgin Islands, UK (England, Wales, and Scotland), Ireland (Republic of Ireland and Northern Ireland), and as well as with the formation of companies in USA (Delaware, New York, Florida, etc), offering in most circumstances the online offshore company incorporation. Our expert knowledge and extensive experience of setting-up of business and offshore companies' structures has made us possible to provide the professional, prompt, and efficient service.
Our team of consultants will be pleased to assist with your enquiries related to establishing and maintaining BVI offshore companies limited by guarantee, tax-free limited partnerships or creating complex BVI offshore corporate legal structures. On our web-site, you will find a number of useful tips and information, downloadable documents, which may help you to learn what to take into consideration when deciding among public companies, offshore private limited liability companies, limited partnerships, offshore mutual funds and other offshore business structures.
Our fully trained, experienced and efficient staff can help you start your own business in the BVI without the hassling, time-consuming and demanding aspects of paper work and red tape tangles. If you are seeking quality information and practical guidance to setting up and running your limited company in the British Virgin Islands, we can assist you and provide a higher standard of support and advice than any other offshore BVI non-profit company formation agency. Our expert team of professionals and consultants can get your tax-free company registered online directly from the ground up.
We understand that every individual organization has its own unique set of resources and circumstances which the company structure needs to channel. The right BVI non-profit company structure can make the difference between achieving good and great results. If you are caught up in the maze of deciding the right type of business, allow us to help you out. We can provide you with the necessary assistant to help you set up your dream project of BVI business company (BVI BC), BVI trusts (private trusts, express private trusts, resulting trust, constructive trust, implied trusts, charitable trusts, fixed trusts, discretionary trust) and BVI ship non-profit or charitable company in just couple of days.
We provide different offshore incorporation packages with the different options depending on your business needs; each package offers the complete formation of a BVI company limited by guarantee, which is usually ready to commence trading within couple of days. Our British Virgin Islands offshore non-profit entities incorporation packages offer the perfect results for those people who are taking the first step into the business or smaller companies whose budget won't stretch to bespoke business solutions, there are no dumbfounds and no hidden charges, - what you see is what you pay! We can also assist clients with the special needs or requirements, we could make a tailor made package that would suit your personal needs and wants. If you choose us as your offshore corporate service provider, you will almost immediately realise that our team of proficient advisors, is your own dedicated support team.
British Virgin Islands company registration documents submitted electronically, which allows us to offer you a timesaving service and eliminate the necessity to complete the paper forms, sign them by your company officers, and certify by a solicitor or notary public.
We are a business formation and business administration firm offers a comprehensive range of starting business solutions, corporate, legal, and tax advice. Since 1993, we have developed an excellent international reputation for providing the highest quality solutions and advice for our clients.
In addition, although most of offshore professionals have conventionally worked on an hourly basis, our main target is selling the amount of high-grade products and first-rate services than high-cost time. Where the scope of the work can be adequately specified, we keenly encourage alternative fixed-fee arrangements, or an applicable percentage (as the simplest example: from the legally tax-reductions).
Why Choose Coddan to Incorporate in the BVI?
We are a BVI and UK company formation and business administration firm offers a comprehensive range of starting offshore business solutions, corporate, legal, and tax advice. Since 1993, we have developed an excellent international reputation for providing the highest quality solutions and advice for our clients.
We provide exactly the same service as most other agents, but apart from the other offshore corporate service providers, we are not a home-based family business with only online presence. Our main UK office building is located on 124 Baker Street, in the first, second and third floors; in the heart of the Central of London, just few minutes walk from the Marylebone Road. Nearest station: Baker Street.
In addition, although most of offshore and UK professionals have conventionally worked on an hourly basis, our main target is selling the amount of high-grade products and first-rate services than high-cost time. Where the scope of the work can be adequately specified, we keenly encourage alternative fixed-fee arrangements, or an applicable percentage (as the simplest example: from the legally tax-reductions).
We can guarantee accurate, confidential, personalised, and reliable services at highly competitive prices; we are a customer-oriented company, we value our consumers and offer comprehensive services to every one of them. We are fully aware of our client's needs and desires and try to make the process of our teamwork as comfortable as possible.
We can incorporate a company within few days may help you with the opening of the corporate bank account operated by the BVI or UK banks. This is exactly what you will get if you choose to incorporate with Coddan. We are the real company, not a dot.co.uk or a bargain-basement internet company, our knowledgebase and practical with thousands of registered companies and partnerships has shown us that many new business owners want the fastest and easiest route to get their new business started.
As you endeavour to manage the growth and overall success of your business, you will want to have a team of adviser with the focus on providing advice from start-ups to mature business issues to clients throughout the region. Coddan provides clients with continuing business advisory services and has specialists who understand the pressures facing small businesses. Experienced business consultants ensure clients get practical and adventitious advice.
Coddan' team supplies a wide variety of hands on business help that is personalised to your requirements and extremely useful. Our services are earmarked to meet the needs of UK and overseas business entrepreneurs, with a solid reputation in delivering bespoke solutions to small and medium-size businesses there is no better team of advisers to have on your side.
Our organisation specialises in the intricate field of private and public company's formation, incorporation of business structures and their management in Europe and eighteen offshore countries. Furthermore, our consultants are competent to advice how to select the best type of business for incorporation, and register your general trading, subsidiary or holding company. We may assist to register a right to manage, flat property management, intellectual property management, ship management, or charitable companies. Our local lawyers and accountants are the best in their field, carefully selected for their professional ability, reliability, and integrity. Therefore, there is no need for you to spend hour after hour mastering the main regulating law, scaling bulk of paperwork or trying to recruit people that you can trust - we have already done that for you!
Coddan is a professional company which has been servicing the UK and international community with a diverse range of top quality of domestic and offshore corporate structures incorporation and management services for many years. We incorporate companies, partnerships, joint-venture entities, and foundations throughout the UK, Ireland, United States of America, and many offshore locations. We provide the first-rate business support services (corporate and private bank accounts, business and tax planning, reviewing and updating company' constitutional documents, preparation minutes of meetings and directors or/and shareholders resolutions, etc.).
We do not hide any fees from our consumers, because price transparency is essential to us. Our service' fees and business filings fees are provided to our customers upfront. Our online filing makes the ordering and incorporating processes easy and convenient, Coddan is an industry leader in online business incorporation and documents processing. With our passion for service and client success, we strive to make Coddan the preferred choice of the small business start-up and new business formation facilities market. We are able to offer a full range of business registration services to business starters or existent business owners; we can undertake most types of corporate management related work.
Call us and speak with one of our knowledgeable advisor. There is no cost or obligation, let us help you to start a new business. We will be pleased to discuss your plans, requirements and suggestions, and to help you understand how the incorporation process works.
Professionals answer our phone lines during business hours, not by an answering machine. We appreciate the value of your time and understand that the real person cannot be replaced by a contemporary technology. This is especially true when it comes to make an important business decision and where interaction and multiple views are essential. When you call to request an appointment with our advisors, the receptionist will ask you series of questions to qualify the appointment. We are continually enhancing our services to better assist our clients and meet their needs.
Economy
Premier
Deluxe
Our BVI offshore companies limited by guarantee are formed with your specific objects. They might typically specify the kinds of activities and areas which the company is allowed to engage in. Starting from just £1,185, we offer a range of packages designed to suit the varying requirements of our customers. Our BVI formations typically take from five to seven days to effect, and include: our service charge, the government fee for incorporation, the first year's fees for a registered office address and registered agent are included in the price of this package. Upon formation of your BVI company limited by guarantee, we will courier all of the company documents directly to you.
THE FOLLOWING UPGRADES CAN BE ADDED TO OUR ECONOMY PACKAGE:
1. Nominee director service for 12 months - £260.00. 2. Nominee secretary service for 12 months - £150.00. 3. Nominee member service for 12 months - £195.00. 4. Opening a bank account from - £500.00. 5. Certificate of incumbency - £120.00. 6. Certificate of good standing - £100.00. 7. Certificate of tax exemption - £125.00. 8. A BVI domain name registration for two years - £120.00. 9. All documents notarised and apostilled - £125.00. 10. Corporate kit - £40.00.
Our BVI offshore companies limited by guarantee are formed with your specific objects. They might typically specify the kinds of activities and areas which the company is allowed to engage in. Starting from just £1,445, we offer a range of packages designed to suit the varying requirements of our customers. Our BVI formations typically take from five to seven days to effect, and include: our service charge, the government fee for incorporation, the first year's fees for a registered office address, registered agent and a nominee director are included in the price of this package. Upon formation of your BVI company limited by guarantee, we will courier all of the company documents directly to you.
THE FOLLOWING UPGRADES CAN BE ADDED TO OUR PREMIER PACKAGE:
1. Nominee secretary service for 12 months - £150.00. 2. Nominee member service for 12 months - £195.00. 3. Opening a bank account from - £500.00. 4. Certificate of incumbency - £120.00. 5. Certificate of good standing - £100.00. 6. Certificate of tax exemption - £125.00. 7. A BVI domain name registration for two years - £120.00. 8. All documents notarised and apostilled - £125.00. 9. Corporate kit - £40.00.
Our BVI offshore companies limited by guarantee are formed with your specific objects. They might typically specify the kinds of activities and areas which the company is allowed to engage in. Starting from just £1,640, we offer a range of packages designed to suit the varying requirements of our customers. Our BVI formations typically take from five to seven days to effect, and include: our service charge, the government fee for incorporation, the first year's fees for a registered office address, registered agent, a nominee director and a nominee member are included in the price of this package. Upon formation of your BVI company limited by guarantee, we will courier all of the company documents directly to you.
THE FOLLOWING UPGRADES CAN BE ADDED TO OUR DELUXE PACKAGE:
1. Nominee secretary service for 12 months - £150.00. 2. Opening a bank account from - £500.00. 3. Certificate of incumbency - £120.00. 4. Certificate of good standing - £100.00. 5. Certificate of tax exemption - £125.00. 6. A BVI domain name registration for two years - £120.00. 7. All documents notarised and apostilled - £125.00. 8. Corporate kit - £40.00.
In addition to these, as has been mentioned above, we offer tailored packages for your individual requirements, whether you intend to set-up your own business or act on your customers behalf, you can rely on Coddan. You will not be faced with high expensive solicitors or legal jargon that you do not understand. Instead, you will find us very approachable, providing a straight-talking and stress-free route to a professionally registered company. Our widespread, cost-saving services enclosed everything you need from simplest firms registration to provision of all the necessary corporate documentation, obtaining notary, or apostille authorisation.
If you would like a personal face-to-face consultation and dedicated help with your BVI offshore business start-up, call us on +44 (0) 207.935.5171, or 033 0808-0089 to discuss your requirements and make an appointment with one of our consultants. A consultant will contact you at a pre-arranged appointment time to discuss your individual circumstances, as well as your suggestions in relation to your offshore BVI incorporation needs. Our project begins with a short meeting, where our advisors gather the information required to register an offshore company for each client. The result includes personal assistance with the order form submission.
If you have questions about legal aspects of your British Virgin Islands company incorporation application, you should speak to one of our consultants. We are very happy to provide a practical support, we have a team of professional business advisers and consultants who can support you to strengthen and grow your business. We can help if you need a qualified advice and guidance in any of the following areas: -
How to select the best BVI offshore business form;
How to start and register your own business in BVI jurisdiction;
How to get your British Virgin Island offshore company up and running;
How to establish a subsidiary company or a branch in the British Virgin Islands;
How to manage your already established a BVI offshore company.
The main areas of our practice: -
Determination of the best offshore business structure for tax purposes;
Formation of companies in BVI (we can advise upon and assist with establishing of an offshore business companies, offshore shipping and property management companies, offshore companies with the bearer shares, royalty, patent, and offshore holding companies, etc.);
Assistance with the opening BVI offshore banking accounts, we are working closely with many offshore banks, such as HSBC, Scotia Bank PLC, First Caribbean Bank, Banco Popular, Barclays Bank PLC, First Caribbean International Bank, Banco Popular De Puerto Rico, Firstbank Virgin Islands, London International Bank and Trust Company Ltd, Rathbone Bank (BVI) Limited, the Bank of East Asia (BVI) Limited, VP Bank (BVI) Ltd;
We can also help with opening UK business bank accounts for your BVI offshore corporation or any other offshore business entity;
Provision of the registered office addresses and registered agent services;
Provision of the British Virgin Islands nominee officers (nominee secretary, nominee director and nominee shareholder/member);
Bookkeeping and preparation of management accounts;
Preparation and filling of statutory accounts;
Registration as a money service business;
Acquisition and transfer of ownership for new companies;
Amendment of company structure, shareholders and directors;
Transfer, disposal and acquisition of shares and assets;
Commercial contracts and agreements;
Intellectual property rights and IT related matters;
Restructuring finances, financial arrangements and documentation and funding agreements;
Voluntary striking-off, dissolution and restoration of companies to the register.
You will not be left on your own once you have started up an offshore company in the British Virgin Islands, we still are here to help you with any problems that you may face as you establish and grow your offshore business. Our advisers will answer any questions you may have and explain what you, or we, might do in your current circumstances. If necessary, you may return to us for further help as matters progress. Our team of full-time professional business advisers can guide you through the essential steps to launching your own business. Please, take a note that we can have meetings with current of positional customers by appointment only. If you do not need to get an advice or guidance how to register offshore company, you may simply place an order online with automatic e-mail confirmation, status updates, and e-mail notifications of filing status changes.
Guide Regarding Initial Consultations
Please take the note, that the initial or further consultation fee for incorporation of an offshore company is not included in the price of our offshore companies formation packages. Coddan is happy to help you find answers to any general question you may have regarding the offshore companies formation. We ask that you send your initial inquiries via e-mail if you have a specific question. However, generally, a large volume of e-mail's or phone calls does impede us from completing work for our existing clients.
You will generally get the most value from our communications if, before e-mailing or calling, you review the information on our website carefully towards answering your question(s). Many of your basic questions can be efficiently answered by searching our website using the search on the left toolbar, and by the LiveChat. After getting your basic questions answered through our website, you will have enough time to ask us more detailed questions, possibly more relevant to your unique situation.
Coddan promptly responds to e-mails regarding the firm's current lead-time and ability to accept new clients. Although we make every attempt to provide free information online to answer all your questions about most common situations, you may have more detailed questions.
Due to our high-volume practice, before contacting us by phone, it is less burdensome on our workload if you e-mail us your question(s). Generally, we will respond to your e-mail questions in a timely manner; however at times, our heavy caseload may delay our response time somewhat. The vast majority of the time, the combination of our free online information and e-mail response will efficiently answer your questions. If the combination of our online resources and e-mail or LiveChat interaction are not efficient towards answering your questions and/or resolving any concerns, and if the cost of the services you are interested will be at least £125.00, then we will setup a time that a Coddan offshore business practitioner will be available for a meeting to quickly resolve your general questions.
If this informational call is less than 10 minutes long, then there is no charge for our time. Thereafter, if your questions have not been resolved, then you may want to arrange an initial consultation with a Coddan offshore business practitioner who can evaluate your unique situation in more detail.
The cost of our initial consultation depends on the category of service you seek. Our services can be grouped into are two general categories, each having its respective consultation costs as follows: -
Flat-fee services under £2,000 - £125.00 per hour.
Offshore jurisdictions are often associated with large corporations and millionaires, but are in fact extremely well suited for small and medium businesses and individuals. Offshore companies adhere to the laws and regulations of the country in which they are situated. Coddan can help you set up a BVI offshore company in a very cost effective yet efficient manner and help you fully understand the many nuances associated with each offshore jurisdiction. Our services are completely legal and include the creation of various types of offshore corporate and trust vehicles for reasons like international trading, intellectual property activities, securities and property holding and financial and estate planning through trusts. Our focus is to integrate and combine various estate planning processes into an estate plan with sensible asset protection components. When used in connection with an offshore trust, an offshore corporation can become a very effective international financial or estate planning structure. Coddan helps you set up all major offshore structures such as companies, trusts, foundations, bank accounts, giving you full freedom, security & confidentiality within the legal framework. We cater to the needs of both individual and professional clients all across the globe. We can help you with: -
BVI offshore company registration services
Guidance and support in the smooth functioning of the business structure
Maintenance of the incorporation
Special licensing applications
Specialist advisory on business & tax issues
Provision of company management & administration services
Preparation of corporate documentation, etc.
Provision of the registered address, agent and residing secretary
Provision of company management and administration services
Offshore BVI bank account introductions
Mail forwarding
Preparation of corporate documentation
General administration
We are agile in business formation, integrating and influencing offshore business entities with new or already present asset-protection structures in all major offshore jurisdictions. Coddan CPM LTD grants you privacy and security, and wishes you success in your new venture. A meeting with one of our consultants is all that's required to start your offshore incorporation process.
Related Articles
British Virgin Islands - Forms of Offshore Operation
The vast majority of companies formed in the BVI for offshore purposes are incorporated under the International Business Companies Act 1984. However this law did not supersede the existing Companies Law 1963, also known as Cap. 285, which is based on English law and is used to form various types of company used by businesses trading in the BVI, and also for certain other special purposes.
Companies formed under the Companies Act 1963 are often referred to as 'CAC', 'CapCo', or 'Cap. 285' companies. They can be BVI private companies limited by shares, limited by guarantee, or hybrid; or they can be unlimited, but that is rare. Public companies can also be formed under the Act. For all these types of company, memorandum and articles of association must be filed at the Companies Registry, along with the company registration fee. For companies limited by shares the articles of association can follow the memorandum - 'Table A' applies if no articles are registered. Foreign companies can re-establish themselves in the BVI without the necessity for reciprocal arrangements in the original country of incorporation. An BVI registered company wishing to leave (re-domicile) the BVI may do so.
A BVI Offshore Company: Companies Limited by Guarantee
A company limited by guarantee is normally registered for non-profit making functions. The company has no share capital. A company limited by guarantee has members, rather than shareholders, the members of the company guarantee (undertake) to contribute a predetermined sum to the liabilities of the company which becomes due in the event of the company being wound up. It cannot distribute its profits to its members, and is therefore eligible to apply for charitable status if necessary. Guarantee companies are useful for non-profit organisations that require corporate status. This means that its profits are not distributed to its members but are retained to be used for the purposes of the guarantee company.
Of course this does not mean that the BVI guarantee company cannot make a profit, as indeed it is almost paramount that it can and does so. These companies are normally used for non profit making or charitable causes, the memorandum and articles of association state the general objects of the company, prohibit the payment of dividends to members and if the company is wound up all assets must be transferred to another organisation with similar objects or to a charity.
Under the Companies Act, a company limited by guarantee must have a minimum of two members; the memorandum of association contains a statement of the amount up to which the members guarantee the company's debts. The Articles can provide for the members to have differing 'shares' of the assets and liabilities.
The company limited by guarantee has certain advantages, including that there is no list of members on the annual return, and that control over assets can be achieved without the use of shares; in some jurisdictions, profits realised from such companies are classified as capital gains rather than as income. Specialist advice is required by anyone considering the use of a company limited by guarantee.
The BVI Companies Act (Cap. 285) provides for the establishment of domestic companies limited by guarantee. Such companies have no authorised share capital and no shareholders. A domestic company can apply to the BVI Companies Registry for status as a "non-resident company" and thereby secure exempt status from BVI corporation tax on income not sourced in or remitted to the BVI.
A company limited by guarantee is a registered company having the liability of its members limited by the memorandum to such amounts as the members may respectively undertake to contribute to the assets of the company in the event of its being wound up. Such companies are widely used for schools, professional and trade associations, clubs and management companies for blocks of flats (check our special property management package.) You May Use This Form to Register a New BVI Company Limited by Guarantee: Click Here if You Want to Form a BVI Guarantee Company Online - £1,185
Incorporation of a Corporate Vehicle for a Charitable Use in the British Virgin Islands: Introduction
Under British Virgin Islands' law, there are four types of company which might be suitable for use as charitable vehicles. Very briefly, these are: an international business company. A company limited by guarantee and not having a share capital or shares. A company limited by guarantee but having a share capital. A company limited by guarantee, not having a share capital but having shares. A brief outline of the major advantages and disadvantages of each of the various alternative company structures is as follows: -
British Virgin Islands Company Limited by Guarantee
The BVI Companies Act (Cap. 285) provides for the establishment of domestic private companies limited by guarantee. Such companies have no authorised share capital and no shareholders. A domestic company can apply to the BVI Companies Registry for status as a "non-resident company" and thereby secure exempt status from BVI corporation tax on income not sourced in or remitted to the BVI. It is required under the BVI Companies Act that the memorandum and articles of association of a company limited by guarantee shall contain a declaration that each member undertakes to contribute (quote) "to the assets of the company, in the event of the same being wound up during the time that he is a member, or within one year afterwards, for payment of the debts and liabilities of the company contracted before the time at which he ceases to be a member, and of the costs, charges and expenses of winding up the company, and for the adjustment of the rights of the contributories amongst themselves, such amount as may be required, not exceeding a specified amount".
The name of the proposed company must end in "Limited". The articles of association can be drafted so that membership rights are pari passu, or in whatever fixed proportions as are set out therein. A company limited by guarantee can undertake commercial activities without the need for any subscribed equity capital.
BVI company limited by guarantee can achieve (through specialised drafting of the memorandum and articles of association) several purposes, including serving as an offshore holding company, asset protection, charity, investment, private company in lieu of a private trust, real estate, succession company in lieu of a will or grant of administration, or private annuity company. Note that there are slight differences between incorporating a CAP 285 company limited by guarantee and a normal CAP 285 domestic company, and therefore the procedure will vary slightly.
Nota Bene: it is possible to incorporate a BVI company limited by guarantee under the Companies Act (Cap 285) for non-BVI residents, but it will be a local company, rather than a business company. It is possible, however, to then request that in the Companies Registry they give the company status as non-resident, which will secure exempt status from BVI corporation tax on income not sourced in or remitted to the BVI.
The following special features are available to a company by guarantee: control of the company is achieved without holding of shares. Exclusion of the membership from registration on a share register or annual return of shareholders. Ownership in the form of membership can be made non-transferable in the articles of association. Ability to utilize the company as a succession vehicle. Asset devolution on the death of a member can be achieved without requirement for probate. Ability (subject to appropriate tax advice being taken by the client) in certain tax jurisdictions for distribution from the company to be categorized as capital gain rather than as income. Independent tax advice should be obtained by the client in the client's tax domicile.
British Virgin Islands Hybrid 'CAP 285' Company
BVI hybrid company under the Companies Act usually has a group of shareholding members which is distinct from the group of guarantors. The shareholders can have 100% of the voting power, and can execute a trust deed in respect of their shareholdings; under the BVI's trust legislation. A trust Protector can be appointed to oversee the trustees' actions. The result, if the company is set up correctly, is to separate control and membership of the company from beneficial interest, which is sometimes desirable. Hybrid companies can be resident or non-resident, as for companies limited by shares. The fee payable on incorporation and the annual registration fees are as for companies limited by shares. Order a 'CAP 285' company:click here to order a company limited by guarantee in BVI
Company Limited by Guarantee with No Share Capital and No Shares
A company limited by guarantee would need to be incorporated under the Companies Act (Cap. 285) since such a company may not be incorporated under the International Business Companies Act. Again, to be recognised as a charity under British Virgin Islands law, its objects would need to be exclusively charitable under the Territory's laws.
The company would be obliged to have a registered office in the British Virgin Islands to which communications and notices may be addressed. Details of the registered office must be notified to the Registrar and the company must affix its name conspicuously on the outside of such registered office. The company would be obliged to hold a general meeting at least once a year. The company would be a public company and would have to be incorporated with at least five members.
Since the company would have no share capital and no shares, the persons who held "interests" in the company would not be "shareholders" but they would instead be "members". The company's articles would have to state the number of members with which the company proposed to be registered and the company would be obliged to serve notice of any increase to the Registrar.
Members would be able to have equal voting powers. Members would be able to resign their membership or transfer the same. In the event that the company is wound up, the members' liability would be limited to the amount guaranteed by them. As a matter of British Virgin Islands law, this liability remains for one year after their ceasing to be members of the company. The company would not have to file an annual return and accordingly, the names of the members would not be a matter of public record. The company would be obliged to keep a register of members at its registered office, which would be open to inspection gratis, by any member upon request and by any other person upon payment of the sum of US$0.24.
The company would have to maintain a register of directors and would be obliged to file the same with the Registrar of Companies and notify the Registrar of any changes to it. The company would not be obliged to file any audited accounts with the Registrar of Companies. As in the case of an IBC, if the company is to be a charity, its articles would need to be structured in such away as to ensure that its shareholders receive no dividends and are not entitled to any benefits, for example, on a winding up.
Company Limited by Guarantee Having a Share Capital
The company would be incorporated under the Companies Act (Cap. 285) since it may not be incorporated under the International Business Companies Act. To be regarded as a charity under British Virgin Islands law, its objects would need to be exclusively charitable. The company would be obliged to have a registered office in the British Virgin Islands to which communications and notices may be addressed. Details of the registered office must be notified to the Registrar and the name of the company must affix its name conspicuously on the outside of such registered office.
The company would be obliged to hold a general meeting at least once a year. In the event that the company is wound up, members' liability would be limited to the amount guaranteed by them and any amounts owing on their shares. As a matter of British Virgin Islands law, this liability remains for one year after their ceasing to be members of the company. The company would be obliged to state the amount of its share capital in its articles and the company would be obliged to serve notice of any increase to the Registrar.
The company would have to file an annual return listing its present members and those who have ceased to be so within the past year. The names of the members would therefore, be a matter of public record. The company would be obliged to keep a register of members at its registered office, which would be open to inspection gratis, by any member upon request and by any other person upon payment of the sum of US$0.24. Provided that it was not constituted as a public company, the company would not be obliged to file audited accounts with the Registrar of Companies.
Again, if the company is to be a charity, its articles would need to be structured in such a way as to ensure that its shareholders receive no dividends and are not entitled to any benefits, for example, on a winding up.
Company Limited by Guarantee Having No Share Capital but With Shares
This is similar to the form of guarantee company that was permitted in the UK prior to the 1900 UK Companies Act. Members' liability here is limited to the amount of their guarantee, the shares merely providing a method of determining relevant members' interests within the company. The company would be incorporated under the Companies Act (Cap. 285) since it may not be incorporated under the International Business Companies Act. To be regarded as a charity its objects would need to be exclusively charitable as a matter of British Virgin Islands law.
The company would be obliged to have a registered office in the British Virgin Islands to which communications and notices may be addressed. Details of the registered office must be notified to the Registrar and the name of the company must affix its name conspicuously on the outside of such registered office.
The company would be obliged to hold a general meeting at least once a year. In the event that the company was wound up, members' liability would be limited to the amount guaranteed by them. As a matter of British Virgin Islands law, this liability remains for one year after their ceasing to be members of the company.
The company would not have to file an annual return and accordingly, the names of the members would not be a matter of public record. The company's articles would have to state the number of members with which the company proposed to be registered and the company would be obliged to serve notice of any increase to the Registrar.
The company would be obliged to keep a register of members at its registered office, which would be open to inspection gratis, by any member upon request and by any other person upon payment of the sum of US$0.24. The company would have to maintain a register of directors and would be obliged to file the same with the Registrar of Companies and notify him of any changes to it. If the company was constituted as a private company, it would be required to have a minimum of two members at all times. The company would not be required to file any audited accounts with the Registrar of Companies. If the company is to be a charity, its articles would need to be structured in such a way as to ensure that its shareholders receive no dividends and are not entitled to any benefits, for example, on a winding up.
General Comments
With respect to companies incorporated under the Companies Act (C-E above), please note that: -
The Companies Act specifically allows that if an association to be formed as a limited company is to be formed for promoting commerce, art, science, religion, charity or any other useful object, and intends to apply its profits, if any, other income in promoting its objects, and to prohibit the payment of any dividend to its members, the Registrar may allow registration of the company without the word "Limited" as part of its name; and
Companies Act companies are subject to income tax in the British Virgin Islands. If the company is deemed to be "resident" in the British Virgin Islands (which depends on from where the company is managed and controlled), it will pay income tax at 15% on its worldwide income. A company which is deemed non-resident is only liable to tax at 15% upon the profits arising or received in the British Virgin Islands. If a company is resident, but is an "offshore trading company", meaning that 90% of its profits arise from business carried on exclusively outside the British Virgin Islands, it is only liable to pay income tax at the rate of 1%. However, companies which are charities are generally exempt from income tax (other than that on any income from any trade or business carried on by the charity).
If you would like further information on British Virgin Islands Trust or Charity law or details of how Coddan can help you with your trust enquiries, please contact us.
British Virgin Islands Double Tax Treaties
The British Virgin Islands have double tax treaties with the UK, Japan and Switzerland; in the last two cases, this means just that the UK's treaty with the countries concerned has been extended to the BVI. Prior to the introduction of the BVI BC Act, the benefit of these Double Tax Treaties applied only to BVI resident companies, which had to take the form of Companies Act (Cap. 285 - see this type of entity above) Companies. Since the overwhelming majority of BVI companies took the form of the business company, the limited partnership or the trust, all of which were exempt from taxes and fell outside the ambit of the Double Tax Treaties, offshore investors were not in a position to use the BVI Double Tax Treaties.
Coddan offers three packages which are designed to meet the varying needs of our clients. All of our packages include a local registered agent and a local registered office address in the British Virgin Islands, both of which are statutory requirements. Our Economy package is perfect for those wishing to form a company with their own officers.
If you do not have the requisite minimum officers, or if you prefer to maintain a level of anonymity for legitimate business reasons, our Premier and Deluxe packages are the perfect solution. With our Premier package, Coddan will act as a nominee director for your company allowing the beneficial director's name to be left off the public record.
In addition to a nominee director, our Deluxe package includes a nominee member for your company, which means that both the beneficial director's and the beneficial member's details will not appear on the public record. Because the statutory requirements dictate that there must be at least one director and one member, our Deluxe package may also be used to meet all of the statutory requirements for a company limited by guarantee in the British Virgin Islands.
Economy Company Limited by Guarantee Package for Just £1,185
The Economy BVI company limited by guarantee package is a fast and easy offshore option. It is ideal for small to medium businesses who wish to appoint their own members. It includes: -
The electronic submission of your application and the registration of your BVI company limited by guarantee with the registrar of companies;
The payment of the first year's legal and initiation fees;
Certificate of incorporation;
Bound copies of the memorandum and articles of association;
Minutes of the first meeting of the board of directors;
Registration of directors and members;
Membership certificates;
Company seal.
All of the documents included in this package are sent directly to you by courier.
This option allows you to immediately appoint your own directors and members. Upon registration these appointees will be recorded as the original company officers. A myriad of equity or debt financing options are available to companies that are registered in a person's name where that person is responsible for the operations of the company. This package also includes the first year's fees for a local registered office address and a local registered agent, both of which are statutory requirements in the British Virgin Islands. The yearly renewal fee for this package is £669.00, which includes the cost of the BVI Government renewal license fee, the provision of a local registered office address and a registered agent. If your offshore company has been struck off, additional reinstatement fees will be charged by the registered agent and b the British Virgin Islands Companies Registry Office.
Different types of company require different combinations of officers; a company limited by guarantee in the British Virgin Islands must have at least one director, one member and may have a secretary. If you do not have the requisite officers, or if you wish to protect your privacy, you can use our nominee officer services. The Economy package can be upgraded with the addition of many complementary services, including: BVI offshore business and investment banking introductions, management services, registration of shipping vessels, administrative services, BVI domain name registration, additional sets of corporate documents, nominee officer services, bookkeeping and accounting services, notarisation & apostille certification services. Order the Economy non-profit company package:Economy BVI non-profit company package £1,185 (incorporation, government taxes and government fees are included).
Premier BVI Business Company Package for Just £1,445
The Premier BVI non-for-profit company package is a fast and easy offshore option. It is ideal for small to medium businesses who wish to appoint a nominee director in order to maintain anonymity. It includes: -
The electronic submission of your application and the registration of your company limited by guarantee with the BVI registrar of companies;
The payment of the first year's legal and initiation fees;
Certificate of incorporation;
Bound copies of the memorandum and articles of association;
Minutes of the first meeting of the board of directors;
Register of directors and members;
Membership certificates;
A general power of attorney signed by nominee director (for a small an additional fee);
An indemnity letter for the power of attorney;
Pre-signed, undated resignation letter from nominee director;
A nominee agreement which provides for the indemnification of the nominees;
Company seal.
All of the documents included in this package are sent directly to you by courier.
By using the nominee director that is included in this package, you can protect your privacy by not having your name listed as a company director. You will retain full control and ownership of the company by virtue of a special agreement between Coddan and yourself. This package also includes the first year's fees for a local registered office address and a local registered agent, both of which are statutory requirements in the British Virgin Islands. The yearly renewal fee for this package is £929.00, which includes the cost of the BVI Government renewal license fee, the provision of a registered office address, a registered agent, and a nominee director.
Different types of company require different combinations of officers; a company limited by guarantee in the British Virgin Islands must have at least one director and one member, you may also have a secretary. If you do not have the requisite officers, or if you wish to further protect your privacy, you can use our nominee officer services. The Premier package can be upgraded with the addition of many complementary services, including: BVI commercial and investment offshore banking introductions, management services, registration of shipping vessels, administrative services, BVI domain name registration, additional sets of corporate documents, nominee secretary and nominee membership services, bookkeeping and accounting services, notarisation & apostille stamp certification services. Order the Premier BVI company limited by guarantee package: Premier business company package £1,445 (incorporation, government taxes and government fees are included).
Deluxe BVI Non-For-Profit Company Package for Just £1,640
The Deluxe BVI offshore non-profit company package is a fast and easy offshore option. It is ideal for small to medium businesses who wish to appoint a nominee director and a nominee member in order to maintain anonymity. It includes: -
The electronic submission of your application and the registration of your company with the registrar of companies;
The payment of the first year's legal and initiation fees;
Certificate of incorporation;
Bound copies of the memorandum and articles of association;
Minutes of the first meeting of the board of directors;
Register of directors and members;
Membership certificates;
A completed register of directors and members;
Pre-signed, undated letters of resignation from a nominee director and nominee shareholder;
A general power of attorney signed by the nominee director (for an additional small fee);
A declaration of trust from the nominee shareholder;
An indemnity letter for the power of attorney;
A nominee agreement which provides for the indemnification of the nominees;
Company seal.
All of the documents included in this package are sent directly to you by courier.
By using the nominee director, and nominee member services that are included in this package, you can protect your privacy by not having your name listed as either a company director or company member. You will retain full control and ownership of the company and its shares by virtue of a special agreement between Coddan and yourself. This package also includes the first year's fees for a local registered office address and a local registered agent, both of which are statutory requirements in the British Virgin Islands. The yearly renewal fee for this package is £1,124, which includes the cost of the BVI Government renewal license fee, the provision of a registered office address, a registered agent, a nominee director, and a nominee member services.
Different types of company require different combinations of officers; a business company in the British Virgin Islands must have at least one director and one member; the Deluxe package provides all that you need to meet the statutory requirements of a business company in the British Virgin Islands. The Deluxe package can be upgraded with the addition of many complementary services, including: BVI business bank account and investment BVI banking introductions, management services, registration of shipping vessels, administrative services, BVI domain name registration, additional sets of corporate documents, nominee secretary services, bookkeeping and accounting services, notarisation & apostille stamp legalisation services. Order the Deluxe BVI non-for-profit company package:Deluxe BVI offshore company limited by guarantee package £1,640 (incorporation, government taxes and government fees are included).
Offshore Banking in BVI - Opening an Offshore Bank Account in BVI
Access and manage offshore business accounts anywhere anytime without leaving your home or office. All BVI offshore banks with whom we work provide you with a complete solution to real time Internet banking in a highly effective and secured environment.
Control your business finances, access real time account information, pay bills online, increase efficiency and lower operating costs with minimal risks and complications. Take full advantage of your investment in technology. An offshore BVI international bank accounts enable BVI offshore companies limited by guarantee' owners to manage their finances wherever they are in the world. These accounts are tax-free and not subject to currency controls. Accounts are available to both personal and corporate clients in US Dollars, Canadian Dollars, Pounds and Euros.
Most of BVI offshore banks provide a full range of BVI offshore banking services including: -
Euro, US and Canadian Dollars, Pounds & other foreign currency bank accounts;
Minimum deposit of US$ 1,000 (or currency equivalent) to open accounts should be maintained at all times;
Overdraft available upon request (refer to the Credit).
Our BVI offshore banking introductory services include an account application package, support with completing documents, and revision of the necessary documentation before we send them to the Bank. For further information, please contact us at info@ukincorp.co.uk or call 0 800.081.1510, or +44 (0) 207.935.5171.
Live Help
You can chat with one of our advisors right now. Just click on the image to the left to start chatting. Live Help is a real time chat feature which enables you to interact with our customer service representative without a phone call. Get answers to your questions while using our web-site. Clicking the "Live Help" button will start an online session with one of our representatives. Live Help is currently available during normal business hours. Outside of the indicated below opening hours, our Live Help centre will be closed, when you click on the chat button, you will see an e-mail form that allows you to send us an e-mail request with your questions. Our Live Help is free, there are no hidden fees.
Our hours of operation are posted on the contact page at all times. Telephone and Live Chat assistance is only available during business hours.
Opening Hours:
Monday - Friday: 9:30 a.m. to 18:00 p.m. Saturday: offices are closed Sunday: offices are closed Holidays: offices are closed on all recognised UK holidays.
Dear customers, ladies and gentlemen, while having a chat session with our visitors, we are frequently requested to give an advice on tax planning or business structuring, and we would like to inform you that it is against our principles to provide an online free advice pertaining to these issues.
The points and tips that can be covered during a chat session include: our packages, services description and charges, legal requirements to start-up a business offshore, bank account arrangements, trademark registration, post incorporation services, notaries, consulate or apostille legalisation and other authentication services, documentation preparation and filing, mail forwarding overseas, telephone, fax and virtual office facilities, bookkeeping and accounting services, offshore incorporation service, ways to place an order, methods of payment etc.
If you wish us to provide you an advice or recommendations on tax savings and tax minimisation, or corporate business structuring methods, you should be aware that this service has chargeable elements.
Money and Payment Policy
Coddan accepts all major currencies; we accept Visa, Visa Electron, Visa Purchasing, JCB, MasterCard, Maestro, Solo, and Delta, we also accept cheques (may be held 10 days to clear), postal orders or cash deposit, and bank transfers from anywhere to our UK and USA bank accounts. After you place an order, details about the banking transfer will be e-mailed to you on the second e-mail notification. If you missed that e-mail, please call our phone number that is given on the order confirmation. The customer is responsible for the reimbursement of any bank wire transfer payments.
Our credit card payment processing is by WorldPay - an important part of The Royal Bank of Scotland Group, the 5th biggest banking group in the world. We do not charge surcharges for the debit and credit card transactions. Credit or debit card payment is now authorised online in real time. You will be informed immediately if your credit or debit card is declined. If declined, you may check the accuracy of the card number and expiration date, or choose a different card to try.
We need to receive a payment before we can proceed with a new company formation. For regular or corporate clients, we can open a professional credit account. However, this benefit cannot be provided to a new customer, who never placed orders with us.
If you do not feel comfortable transmitting your credit card details on the Internet, we suggest you place an order online, choose the option "Credit Card via the Phone" as the payment method, and then phone in to give us your credit card number over the phone. We will charge your credit card manually. We can also accept credit or debit card payments by fax, to do so, we will e-mail you a credit or debit card authorisation form, and you will need to print out the form, complete the details by hand and send it to us by fax to: + 44 (0) 207.681.3318.
Check Your Order Status
£ 1,185
This is one of our most popular packages with worldwide customers, and includes: -
The formation of a BVI company limited by guarantee usually takes as little as five to seven working days from the time that your application and payment are received by Coddan;
The provision of a nominee director for one year is also included in the price of this package (our nominee director service is charged annually);
+44 (0) 207.935.5171
+44 (0) 141.530.8188
+44 (0) 289.099.8744
Call us and speak with one of our knowledgeable advisor. There is no cost or obligation, let us help you to start a new business. We will be pleased to discuss your plans, requirements and suggestions, and to help you understand how the incorporation process works. 
