Statutory Requirements for a BVI Business Company (BC)
1. Shareholders:
• Minimum one.
• Individual or Corporation.
• No residency requirement.
2. Directors:
• Minimum one.
• Individual or Corporation.
• No residency requirement.
3. Company Secretary:
• Optional.
4. Registered Office:
• Must be maintained in the BVI.
• Statutory books of the company must be kept.
5. Auditors:
• Optional.
6. Share Certificates:
• Registered shares.
• Bearer shares permitted but must be customized by a permitted custodian.
7. Share Capital:
• No minimum capital requirement.
• Can be denominated in any currency.
8. Time to Incorporate:
• When the name is available, a company can be incorporated in 5 working days.
