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.

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

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. 

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.	Client’s Schedule
2	Client arranges to have the identification documents of the shareholder(s) and director(s) certified by Kaizen or other attesting officers.	Client’s 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.	Client’s Schedule
6	The Certificate of Incorporation being delivered to Hong Kong.	Day 6
7	Company kit being delivered to Client.	Day 7

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.

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.

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.