British Virgin Islands (BVI) Shelf Company Registration Package - BVI Company Registration and Maintenance -- Offshore Company -- kaizen
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British Virgin Islands (BVI) Shelf Company Registration Package - BVI Company Registration and Maintenance

British Virgin Islands (BVI) Shelf Company Registration Package
BVI Company Registration and Maintenance 

The British Virgin Islands (BVI) Company stated in this quotation refers to a business company registered in British Virgin Islands in accordance with the BVI Business Companies Act 2004.

Our fee for the registration of a Shelf Company in BVI is USD1,350 or above. The fee quoted includes our professional registration service, provision of a registered agent and registered office service for one year and the payment of official filing fees to the BVI Government. In short, our fees cover all formalities to bring a BVI Shelf Company into existence.

For the purpose of registration of a Shelf Company in BVI, you will need to provide the identity proof, such as passport or Certificate of Incorporation, and address proof, such as utility bill or address of registered office, of each person who will be the shareholder and director.

The registration of a Shelf Company in BVI can be completed in 2 working days. That said, if there is no outstanding documents and payment, it shall take earliest 2 days to complete the incorporation. However, 4 to 5 working days should be allowed for delivery of Certificate of Incorporation to reach Hong Kong and for the making of company chop.

Our fee quoted here does not cover the application for special permit or licence. If your BVI company will be engaging in business activities that require licence or permit both insider and outside of BVI, Kaizen can provide such services and our fees will be quoted separately.

Important Note: please note that the fees quoted here are for reference only and are subject to change from time to time.  
 

1.       Fee and Scope of Services of BVI Shelf Company Registration

Our fees for handling the registration of a Shelf Company in BVI with not more than 50,000 shares is USD1,350; or registration with more than 50,000 shares is USD2,250. In particular, our fees cover the services listed below.

(1) Preparation and filing of incorporation documents with the Registered for incorporation;
(2) Payment of official filing fee;
(3) Provision of first year registered office service;
(4) Provision of first year registered agent service;
(5) One company kit.

Note:
(1) The fee quoted above excludes delivery charge.
(2) If the Shelf Company purchased comes with a Chinese name, an extra fee of USD200 will be charged.

2.      Optional Services

No.


Description of Service


Fee (USD)


1


Certificate of Incumbency


250


2


Certificate of Good Standing


250


3


Opening of corporate bank account in Hong Kong or Singapore


600



3.       Time of Billing and Payment Methods

We currently accept Hong Kong Dollar check, cash or TT and credit card through PayPal only. If payment is settled through PayPal, extra 5% services fee will be charged. Upon receipt of your order, we will issue an invoice to you for your settlement. Because of the nature of services, we require full payment in advance. Also, once service is commenced, no service fee will be refunded except special cases. 

4.       Registration Procedures and Estimated Time Frame

The registration of BVI Shelf Company needs around 2 working days, plus 5 working days for delivery. That said, the whole process may take around 7 working days. The table below shows the estimated time frame for each of the steps for the registration process for your reference.

Step


Description


Time


        1          


Client selects at least two names in priority preference of Company Name at the BVI Shelf List and provides the documents and information listed in Section 5 to Kaizen by email or fax or post.


Clientís Schedule


        2          


Client arranges to have the identification documents of the shareholder(s) and director(s) certified by Kaizen or other attesting officers.


Clientís Schedule


        3          


Kaizen checks name availability and confirms with client the search results.


Day1


        4          


Kaizen or its associate in BVI files the incorporation documents with the Registrar of Companies.


Day2


        5          


Kaizen prepares other corporate documents and sends them to client for signing, then client returns the duly signed documents back to Kaizen by email or fax.


Clientís Schedule


        6          


The Certificate of Incorporation being delivered to Hong Kong.


Day 6


        7          


Company kit being delivered to Client.


Day 7



5.       Materials to be provided by Client

Client needs to provide the following documents and information to Kaizen by email or fax or post for purpose of registration of a Shelf Company in BVI:

(1)
The two Company Name selected from the BVI Shelf List;
(2)
One photocopy of passport and residential addresses proof which issued not more than 3 months and in English (such as utility bill or telephone bill or bank statement) in respect of each shareholder; if shareholder is another corporation, please provide Certificate of Incorporation, latest registered office address proof, latest register of directors, latest register of members and register of ultimate beneficial owners, and the identity and residential address proof of each shareholder or Ultimate Beneficial Owner holding more than 10% of shares in that company;
(3
One photocopy of passport and residential addresses proof which issued not more than 3 months and in English (such as utility bill or telephone bill or bank statement) in respect of each director; if director is another corporation, please provide Certificate of Incorporation and latest registered office address proof documents;
(4)
The latest organization chart which certified by the director of company for identification of ultimate beneficial owners;
(5)
A duly completed and signed Company Incorporation Order Form (Provide by Kaizen.

The identification documents listed above must be certified by a staff of Kaizen, or by a CPA, lawyer or attesting officer. Client can visit any of our offices with the original identification documents of the shareholders and directors and our staff will perform certification.

6.       Registration Documents Returned to Client after Registration

After the company is officially registered, Kaizen will return the following documents and materials for retention:

(1)
Original copy of Certificate of Incorporation;
(2)
3 printed copy of Memorandum and Articles of Association;
(3)
Appointment of First Director, First Board Written Resolution, Registers of Directors, Members and others;
(4)
Issued Share Certificates(s);
(5)
One Company Chop and one Common Seal.


7.       Annual Maintenance

Currently, starting from the year following the registration, a BVI company is required to pay an annual renewal fee of USD950 or above, to maintain in good standing. In particular, the annual maintenance fee covers the annual license fee, annual registered agent fee and annual registered office fee, but does not cover economic substance reporting.

For companies registered in the first half year (January to June), annual maintenance fees are due for payment on or before 31 March; for companies registered in the second half year (July to December), annual maintenance fees are due for payment on or before 30 September. We will send a renewal notice to all our clients 2 months before the due date for payment. If you do not receive our renewal notice, please inform us accordingly. 

In order to provide you with a clearer understanding of the cost to maintain a BVI Company, Kaizen lists out the maintenance costs incurred by a BVI Company each year in the following table.

Item


Description


Amount (USD)


Applicable to BVI company registered with not more than 50,000 shares


1


-     Annual license fee


-     Provision of registered agent fee


-     Provision of registered office fee


950


Applicable to BVI company registered with over 50,000 shares


2


-     Annual license fee


-     Provision of registered agent fee


-     Provision of registered office fee


1,950



It shall be noted that the fees listed above are for reference only and the actual cost may be higher than listed and it does not cover the fee for economic substance reporting.
 

Further reading: BVI Business Company Registration and Maintenance Guide.


In any case that you also need to have a corporate account in Hong Kong for your BVI company, you can choose our BVI Company Incorporation Package #BVIBC03 - Registration and Registered Agent Services and Certificate of Inumbency and Corporate Bank Account.



If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:
Email: info@kaizencpa.com  
Tel: +852 2341 1444
Mobile : +852 5616 4140, +86 152 1943 4614
WhatsApp/ Line/ Wechat: +852 5616 4140
Skype: kaizencpa

DOWNLOAD: BVI Company - Registration Procedures and Maintenance Fees [PDF]


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