Question Proof of address for operating address in BVI. How to receive it?

CALL US ON +971 50 4467827 - TO SETUP YOUR NON-CRS COMPANY STRUCTURE IN DUBAI.
Bank Accounts, Company Formations, Tax Planning, Residency Solutions, and more

Svetlana2021

New member
Hello everyone,
We have recently incorporated a BVI entity. Now during the registration at the crypto exchange, we should provide Proof of address for our operating address:
- it shouldn’t be a PO Box
- we should provide Proof of address - this can be a utility bill (a legit paper from a utility provider with our company’s name and address) or a rental agreement with monthly bills & payments.

Could you please recommend how we can act?
Can anyone provide us with such a service?

Thanks in advance.
 

JohnnyDoe

Schrödinger's guy
Mentor Group Gold
They are requesting you to show substance. Either you have it or you buy it from some providers (could also be in the form of darks).
 

JohnnyDoe

Schrödinger's guy
Mentor Group Gold
Thank you. We would like to rent an office or a virtual office. Do you think that a virtual office will work for us for the exchange registration? Is there such an experience for BVI companies?
Usually virtual offices are not good for this purpose. Your local service provider should be able to assist you.
 

Svetlana2021

New member
Usually virtual offices are not good for this purpose. Your local service provider should be able to assist you.
Our registered agent suggests now deleting the "PO box" at our registered address. That is why we are checking for other options, where the address will be real.

Just out of curiosity where are you banking with your BVI company?
Nowhere yet. In a process. Ask in a few weeks, maybe will have updates.
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
Thank you. We would like to rent an office or a virtual office. Do you think that a virtual office will work for us for the exchange registration? Is there such an experience for BVI companies?

Do you have personnel in the BVI for the company? Otherwise what is point of showing a bill and office if no one is employed there. You maybe should have incorporated with a provider that can provide economic substance out the bag for the BVI like what the below provider offers.

 

Jerry1911

Entrepreneur
Personally, I would get a proof of tax residence in a country that has no CRS connections to BVI. You can check here.
How would that help?

OP is probably opening a Binance account for his BVI company, and Binance wants some kind of proof of address.

You maybe should have incorporated with a provider that can provide economic substance out the bag for the BVI like what the below provider offers.
I've always wondered how much these services cost. Seems like they're asking for $10k per year or more: "If your BVI entity falls under the relevant activities, MJS & Associates can provide an annual package consisting of one director, an employee and a small office space as affordable as only $10,000 and up annually. "
 

TheCryptoAnt

Entrepreneur
Hello everyone,
We have recently incorporated a BVI entity. Now during the registration at the crypto exchange, we should provide Proof of address for our operating address:
- it shouldn’t be a PO Box
- we should provide Proof of address - this can be a utility bill (a legit paper from a utility provider with our company’s name and address) or a rental agreement with monthly bills & payments.

Could you please recommend how we can act?
Can anyone provide us with such a service?

Thanks in advance.

If its for a crypto exchange just create one, no need to spend money on it.
 

JackAlabama

Entrepreneur
True as they usually have a contact person/office.

But some random rental agreement/utility bill? G we were paid peanuts nobody was checking more than 'is it dated in the last 3 months?' and 'does name match?'
Banks in certain countries will not allow this and officers usually deny such request due to privacy laws. There is some cumbersome process involved for whitelisting such a check call, so the customer at least would have to agree to this kind of double check.
 

TheCryptoAnt

Entrepreneur
Banks in certain countries will not allow this and officers usually deny such request due to privacy laws. There is some cumbersome process involved for whitelisting such a check call, so the customer at least would have to agree to this kind of double check.

Even if it was approved by the customer I can assure you nobody would have called at that firm.
 

Latest Threads

Top