Process of registering a BVI company
1. BVI company name search: provide 3 English/Chinese and English company names for search (but not all Chinese names).
2. Prepare BVI registration application materials: photocopies of shareholders and directors’ passports or ID cards, valid address certificates, registered capital, and share distribution ratios (Bajie controls the information).
3. Submit company registration application: After the information is ready, submit the company registration application to the BVI government and pay the relevant fees.
4. BVI government approval: The BVI government can complete the approval procedures in about 10 working days.
5. BVI company registration is successful: a full set of documents (including company registration certificate, articles of association, stock book, notebook, seal, etc.).
Conditions for registering a BVI company
1. Company name: BVI companies are free to name, and Chinese and English company names are allowed, but the Chinese and English names must be translated accordingly; the name is allowed to contain words such as international, group, holding, industry, investment, etc.; at the same time, you can add the name of your favorite country or region before the name: such as: China, Hong Kong, China, etc.; the company name must end with "Limited Liability Company".
2. Registered capital: The standard authorized capital is US$50,000, divided into 50,000 shares, each share is US$1.00; (If the number of shares issued for the registered capital is greater than 50,000 shares, a government fee of USD1350 will be charged), and no capital verification is required.
3. Company directors: one or more; can be natural persons or legal persons (natural persons have no nationality restrictions and must be at least 18 years old); directors are board members elected by shareholders, and the chairman of the board is the person in charge of the board.
4. Company shareholders: one or more than one person; can be natural persons or legal persons; the government protects the interests of shareholders, and there is no need to disclose the identity information of beneficiaries; the shareholder register must be kept in the BVI registration agent; the company can only issue registered shares.
5. Registration address: The registered address of the BVI company must be in the British Virgin Islands.
6. Business scope: In principle, the company's business scope is not too restricted, and it can operate any type of business under the premise of legality; special industries such as finance, banking, credit, insurance, etc. require special approval from the government.