FAQ: BVI Company Formation for Non-Residents




1. Can a non-resident own 100% of a BVI company?

Yes. There are no restrictions on foreign ownership. A non-resident can be the sole shareholder and director.


2. Is a BVI company legal in my home country?

Generally yes, as long as you declare your foreign holdings and comply with local tax and disclosure laws.


3. What documents are required to form a BVI company?

  • Certified passport copy
  • Proof of address
  • Know Your Customer (KYC) and due diligence forms


4. How long does BVI company formation take?

Typically 1–3 business days once documents are submitted.


5. Is there a public company register?

Only directors' names are filed with the public registry. Shareholders and beneficial owners remain confidential.


6. What is the role of a Registered Agent?

A licensed Registered Agent is legally required to incorporate and maintain your BVI company. They handle filings, compliance, and recordkeeping.


7. Do I need to file tax returns in the BVI?

No local tax filings are required unless your company falls under the economic substance regime.


8. Can a BVI company open a bank account?

Yes, though not in the BVI itself. Most non-residents open accounts in Hong Kong, Singapore, Switzerland, or the UAE.


9. What is the Economic Substance Rule?

Certain business activities (banking, insurance, IP holding) require BVI presence (staff, premises, management). Pure holding companies have minimal requirements.


10. Which BVI company type is best for me?

  • For most non-residents: BVI Business Company (BC)
  • For funds or investments: LP or SPC
  • For estate planning: PTC or trust
  • For financial structuring: RPC


Final Thoughts: Choosing the Right BVI Company Type

BVI company formation offers exceptional flexibility for non-residents. From standard Business Companies to specialized entities like SPCs and PTCs, the jurisdiction allows you to build offshore structures aligned with your financial goals and international strategy.

When deciding which type of company to establish, consider the purpose, compliance obligations, and operational needs. Consulting a licensed Registered Agent or offshore advisor can help you identify the most suitable vehicle and remain compliant with both BVI laws and your home country regulations.

If you're ready to get started, reach out to a trusted BVI formation service provider to guide you through the process efficiently and legally.

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