new BVI company. How, in a nutshell?

blackeric

Building Trust
Entrepreneur
I'm not EU and not US resident.

How difficult is it to open it? How much does it -- opening it -- cost approximately? Is it possible to do it remotely?

Is it a good fit for 1-person company?
 

Sols

Trusted Member
Business Angel
It's very easy and costs anywhere from around 800 to 2,000 USD to form a BVI company. It can be done entirely remotely. Just speak with a couple of service providers (registered agents): Registered Agents | British Virgin Islands Financial Services Commission

Whether it's good or not depends on where you live and what your intentions are.

If you plan to run a business, it's almost always better to just form a local company or, if your situation permits, move to a low-tax jurisdiction.
 

Bmw850

Banned User
BANNED MEMBER
Business Angel
You got all prices from 800 usd to no limits, 1200 usd is a normal pricing
You can do it remotely by the use of CSP.
Your citizenship is not important , but you should check what are your banking options next.
ICO something?....
 

Outlander

Building Trust
Entrepreneur
Not ICO. 1) E-commerce 2) consulting

How about a bank account there?
E-commerce, as long as not high risk e-commerce, should be ok for opening a bank account.

Consulting is generally not ok, it's a haven for money laundering.

Banking in the BVI is not an option, the banks there serve mostly the local market, not offshores.

You could open accounts in the US and Singapore for your BVI. I have done it myself.
 

unicorn

Active Member
Outlander, do you have a BVI company with or without "substance" please ?

Which company structure please if you don't mind sharing ?

What I find a bit strange, is that all "classic" off shore jurisdictions get banned and torpedo-ed from all banking, although they offer exactly the same benefits like BVI. What makes the BVI so highly respected ?

Sorry if it is a silly question.
 

Outlander

Building Trust
Entrepreneur
Outlander, do you have a BVI company with or without "substance" please ?

Which company structure please if you don't mind sharing ?

What I find a bit strange, is that all "classic" off shore jurisdictions get banned and torpedo-ed from all banking, although they offer exactly the same benefits like BVI. What makes the BVI so highly respected ?

Sorry if it is a silly question.
I have both with and without. But the company with substance has had very little activity.

I would disagree with Admin re. his judgement on BVI. The environment is getting harder everywhere, not just BVI, but if you manage to comply with the silliness, then BVI is better than Panama or Belize, for example.
 

mange38

Trusted Member
Business Angel
Outlander, do you have a BVI company with or without "substance" please ?

Which company structure please if you don't mind sharing ?

What I find a bit strange, is that all "classic" off shore jurisdictions get banned and torpedo-ed from all banking, although they offer exactly the same benefits like BVI. What makes the BVI so highly respected ?

Sorry if it is a silly question.
What is the problem you're trying to solve?
 
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