Bestar Reply BVI Company Registration Services Inquiry
- Roger Pay
- Oct 11
- 6 min read
Updated: Oct 11
Unlock Global Opportunities: Seamless BVI Company Registration with Bestar
Thinking of setting up an offshore company? The British Virgin Islands (BVI) remains a top-tier jurisdiction for global entrepreneurs and investors seeking a flexible, tax-efficient, and confidential corporate structure.
As a leading corporate service provider, Bestar simplifies the entire BVI company formation process, ensuring your business is established swiftly, securely, and in full compliance with the BVI Business Companies Act.
Why Register a BVI Company with Bestar?
Key Advantage | Why It Matters for Your Business |
0% Corporate Tax | Maximize profits with no income tax, capital gains tax, or wealth tax on offshore earnings. |
Confidentiality | Beneficial Owner details are not publicly available, offering enhanced privacy. |
Fast & Efficient Setup | BVI incorporation can be completed in as little as 24-48 hours with all documents in order. |
Flexibility & Simplicity | Minimal requirements: only one Director and one Shareholder (of any nationality) and no minimum capital. |
Global Banking Access | BVI companies are widely accepted by major international banks for corporate account opening. |
Our Seamless BVI Company Formation Process
Bestar acts as your expert, guiding you through every step:
Step 1: Consultation & Name Reservation
The best structure is typically a BVI Business Company - BVI BC.
We check and reserve your desired company name with the BVI Registry of Corporate Affairs.
Step 2: Documentation & Due Diligence (KYC)
You provide certified copies of identification and proof of address for all directors, shareholders, and beneficial owners.
We handle all Know Your Customer (KYC) compliance checks.
Step 3: Filing & Incorporation
We prepare and file the Memorandum and Articles of Association and the Register of Directors/Members with the BVI Registrar.
Upon approval, you receive the Official Certificate of Incorporation.
Step 4: Post-Incorporation Support
We provide the complete corporate kit, including share certificates and company seal.
Our team offers ongoing support for annual renewals, compliance, and essential accounting record maintenance.
Ready to Launch your International Venture?
Launching an international venture with a BVI company is a great strategic move.
To move forward efficiently, we need to finalize the engagement and gather the initial information required for both the BVI incorporation and the bank account application.
Here is the breakdown of the next steps and the information we will need from you:
Step 1: Finalize Engagement and Payment
Scope Confirmation: We will provide a formal engagement letter and final invoice for the BVI Company Incorporation and the Corporate Bank Account Assistance, reflecting the costs (US$4,650 total for the first year, inclusive of all Bestar and government mandatory fees).
Payment: The services will commence upon receipt of the payment.
Step 2: Information Gathering & Due Diligence
You would need to complete Due Diligence (KYC) and PDPA Consent Forms and send these forms to us.
To comply with BVI regulations and bank Anti-Money Laundering (AML) requirements, we will need the following certified documents for all Directors, Shareholders, and Ultimate Beneficial Owners (UBOs):
Document Category | Requirement | Notes |
Identity Proof | Certified copy of a valid Passport. | Certification must be done by a Notary Public, lawyer, or certified accountant. |
Address Proof | Original or certified copy of a utility bill or bank statement (not older than 3 months). | Must show the full residential address. |
Professional CV | Your updated Curriculum Vitae (CV) or Resume. | Required by the bank to assess professional background and experience. |
Business Proof | Detailed Business Plan. | Crucial for the bank; must outline business activities, target customers, countries of operation, and expected transaction volumes. |
Source of Funds | Documentation showing the source of the initial capital/investment. | Required for all UBOs and must be clearly traceable (e.g., employment history, sale of assets, dividends). |
Step 3: Incorporation and Bank Application
Once we have the documents and payment, Bestar will:
BVI Incorporation:
Conduct the name check and reservation.
Prepare the Memorandum and Articles of Association (M&A).
File all necessary documents with the BVI Registry, including the Register of Directors and the Beneficial Ownership information.
The BVI company will typically be incorporated within 2–3 business days.
Bank Account Opening:
Provide you with a detailed list of required bank-specific documents (e.g., bank application forms).
Coordinate the certification of the BVI corporate documents we prepare (e.g., Certificate of Incumbency).
Submit the complete application to the chosen bank.
Arrange the required in-person or remote interview/meeting between you and the bank officer.
Bestar's BVI Company Fees
The total cost for BVI company registration and annual maintenance is composed of government fees, our professional service fees, and mandatory compliance-related disbursements.
Here is a breakdown of the typical costs you can expect when working with Bestar for a standard BVI Business Company (BC) with authorized share capital of up to 50,000 shares.
1. Initial Incorporation Fee (Year 1)
This covers the entire process of establishing your company.
Component | Cost (USD Equivalent) | Description |
Bestar Professional Fee | Included | Name check, preparation of M&A, filing of all statutory documents, first director/member documents, and corporate kit. |
BVI Government Fee | Included | Statutory fee for companies with up to 50,000 authorized shares. |
Company Secretary/Office Fee | US$ 700, Included | Mandatory requirement for the first year. |
Mandatory Filing Fees | Included | Includes filing of Register of Directors, Register of Members, and initial Beneficial Ownership filing (new requirements from 2025). |
Total Initial Cost | US$ 3,850 | One-time fee for full setup and 1st year compliance. |
2. Mandatory Annual Renewal Fee (Year 2 Onwards)
This is the recurring cost to keep your BVI company in Good Standing.
Component | Cost (USD Equivalent) | Description |
Bestar Annual Service Fee | US$ 700 | Maintenance of statutory records, KYC compliance update, Company Secretary/Office services, and handling of government filings. |
BVI Government Fee | US$ 550 | Annual license fee for companies with up to 50,000 authorized shares. |
Annual Return & ES Filing | US$ 500 | Professional fee for preparing and filing the mandatory Annual Return and Economic Substance (ES) declaration. |
Total Annual Renewal | US$ 1,750 | Annual fee for full BVI compliance and renewal. |
3. Optional & Add-on Services
Service | Cost (USD Equivalent) | Rationale & Use |
Apostille/Notarization | US$ 500 | Often required by banks for corporate account opening. |
Bank Account Introduction | US$ 800 to US$ 1,200 | Assistance with preparing documents and introducing you to our network of international banks. |
Good Standing Certificate | US$ 350 | Formal proof of compliance, often required by banks or third parties. |
📢 Important Compliance Deadlines & Penalties
To maintain Good Standing and avoid significant penalties, all BVI companies must strictly adhere to the following:
Requirement | Due Date | Penalty for Late Filing |
Annual Renewal Fee | May 31 or Nov 30 | Penalties start at 10% and increase to 50% of the Government Fee. |
Annual Financial Return | 9 months after the company's financial year-end. | Penalties start at US$300 and can reach up to US$5,000. |
Beneficial Ownership Filing | Within 30 days of a change/ incorporation. | Non-compliance can result in fines up to US$75,000 and imprisonment. |
We look forward to helping you move forward!
Assistance with Opening a Corporate Bank Account
Bestar can provide comprehensive assistance with opening a corporate bank account for your BVI company.
Due to global compliance standards, opening a bank account for an offshore company can be challenging, but our service is designed to streamline the process by leveraging our network and expertise.
Corporate Bank Account Assistance Fee
Our professional fee for bank account opening assistance is typically in the range of US$800 to US$1,200 per bank application.
This fee covers our professional services for bank engagement, documentation, and coordination, but does not include any potential application, maintenance, or transaction fees charged directly by the bank itself.
What Our Assistance Includes
Our service aims to significantly increase your chances of a successful application and speed up the process by providing:
Bank Recommendation: We consult with you to understand your business activities, transaction volumes, and currency needs to recommend banks or financial institutions (including reputable digital banks) that are most likely to accept BVI companies.
Document Preparation: We prepare and provide all necessary corporate documents from the BVI side in the format required by the bank, such as the Certificate of Incorporation, Memorandum and Articles of Association, Register of Directors, and Certificate of Incumbency.
Application Vetting: We review your business profile, Source of Wealth/Funds documentation, and detailed business plan to ensure it meets the bank's stringent compliance requirements before submission.
Coordination & Follow-up: We act as the central coordinator between you and the bank, assisting with all queries, clarification requests, and follow-ups until the account is successfully opened.
Key Banking Considerations for BVI Companies
Banks are highly selective with offshore entities. To maximize your success, you must be prepared for:
Consideration | Requirement |
Business Activity | A detailed business plan outlining your operations, customer/supplier base, and expected transaction flow is mandatory. |
Geographic Tie-in | Banks in financial hubs (like Singapore, Hong Kong, or Switzerland) prefer if you can demonstrate a clear, tangible tie between your BVI company and their jurisdiction (e.g., regional clients, local office presence, or director residency). |
Physical Presence | While some digital accounts can be opened remotely, most traditional banks still require the director(s) and authorized signatory(s) to be physically present in their jurisdiction for a face-to-face meeting. |
Initial Deposit | Banks often require a significant initial deposit or minimum balance (e.g., sometimes as high as US$10,000 to US$50,000) for offshore company accounts. |
We will work with you to choose the best option (traditional or digital) based on your needs and willingness to travel.
Contact Bestar today for a complimentary, no-obligation consultation.
📞 Call us now: +65 62994730/ +852 35651861/ +60 3 23893138
📧 Email us: admin@bestar.asia
Keywords: BVI company registration, offshore company formation, BVI incorporation services, Bestar BVI setup
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