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Expert Offshore Company Formation Services in the British Virgin Islands (BVI)

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General Information

Overview of the British Virgin Islands (BVI)

The Virgin Islands, commonly known as the British Virgin Islands (BVI), is a British overseas territory located in the Caribbean to the east of Puerto Rico. The islands make up part of the Virgin Islands archipelago, the remaining islands constitute the US Virgin Islands and the Spanish Virgin Islands.

The official name of the Territory is still simply the “Virgin Islands”, but the prefix “British” is often used to distinguish it from the neighbouring American territory which changed its name from the “Danish West Indies” to “Virgin Islands of the United States” in 1917. British Virgin Islands government publications continue to begin with the name “The Territory of the Virgin Islands”, passports simply refer to the “Virgin Islands”, and all laws begin with the words “Virgin Islands”. Moreover, the Territory’s Constitutional Commission has expressed the view that “every effort should be made”, to encourage the use of the name “Virgin Islands”.

The British Virgin Islands consist of the main islands of Tortola, Virgin Gorda, Anegada, and Jost Van Dyke, along with over fifty other smaller islands and cays. About 15 of the islands are inhabited. The capital, Road Town, is situated on Tortola, the largest island, which is approximately 20 km (12 mi) long and 5 km (3 mi) wide. The islands have a population of about 27,800, of whom approximately 23,000 live on Tortola.

British Virgin Islanders are classed as British Overseas Territories citizens and since 2002 have had full British citizenship. Although the territory is not part of the European Union and not directly subject to EU law, its citizens are deemed to be citizens of the EU as well.

Key Facts about the British Virgin Islands (BVI)

Why the BVI Stands Out as an Offshore Destination

The British Virgin Islands combine political stability, legal clarity, and global recognition as a leading offshore financial centre. Its flexible corporate framework and investor-friendly environment make it ideal for international company formation.

British Overseas Territory

The BVI is a British overseas territory located in the Caribbean, east of Puerto Rico.

Official Name: Virgin Islands

Though commonly referred to as the BVI, the official name remains simply “Virgin Islands”.

Capital and Main Island

The capital, Road Town, is located on Tortola — approximately 20 km long and 5 km wide.

Geography and Population

The territory includes over 50 islands, with about 15 inhabited. Most of the ~27,800 residents live on Tortola, the largest island.

Citizenship and EU Status

British Virgin Islanders hold full British citizenship since 2002 and are considered EU citizens, even though the territory is not part of the EU.

Legal and Business Framework

The BVI offers a well-established legal system based on English common law, with efficient company legislation ideal for international business and asset holding.

Thinking of forming a company in the BVI?

Let Adiuvo help you benefit from one of the world’s most respected offshore jurisdictions.
Type of company BC
Type of law Common
Shelf company availability Yes
Our time to establish a new company 2 day
Minimum government fees (excl. Tax) 0
Corporate Taxation Nil
Double Taxation Treaty Access No
Share capital or equivalent
Standard currency Usd
Permitted currencies Any
Minimum paid up usd1
Usual authorised US 50.000
Minimum number 1
Local required No
Publicity accessible records No
Location of meetings Anywhere
Secretary No*
Minimum number 1
Local required No
Publicity accessible records No
Annual Tax Return No
Audit requirments No
Requirments to file accounts No
Publicity accessible records No
Requirment to file annual return No
Change in domicle permitted Yes
Recurring Government Costs
Minimum Annual Tax / Licence Fee USD 350*
Annual Return Filling Fee Nil
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