British Virgin Islands
Business Expansion
made easy.

Why British Virgin Islands?

British Virgin Islands (“BVI”) is one of the most popular offshore jurisdictions for trust and entity set-up, with an English Common Law framework and modern and flexible companies’ legislation. The BVI Business Company, governed by the BVI Business Companies Act, 2004 and its subsequent amendments, is a widely accepted corporate vehicle among international investment fund managers and investors for its administrative simplicity. 

 

The ‘two pillars’ of BVI economy are tourism and financial services. 51.8% of the Government's revenue comes directly from licence fees for offshore companies, and considerable further sums are raised directly or indirectly from payroll taxes relating to salaries paid within the financial services industry sector (which tend to be higher on average than those paid in the tourism sector).

The legislation is flexible, with the goal of enticing legitimate offshore activities, and keeping out money-laundering and other criminal activity.

Reasons to do business in BVI include:

  • Comprehensive regulatory compliance
  • Minimal taxation and no exchange control
  • Ease of operation, maintenance and control
  • Ease of communication

Doing Business in the British Virgin Islands

There is no single approach that can be applied to every business. Each type of offshore entity and each jurisdiction will have its own unique strengths and appropriate uses. Tricor’s dedicated team of expert advisors can work with you to determine what type of offshore corporation strategy will work best for your business.

It is important to seek expert advice and ensure your company is in full compliance while making the most of attractive government incentives and tax breaks. Tricor's unique expertise and deep understanding of the global market and international regulations can guide your business towards achieving its strategic goals.

Planning to set up or further expand in British Virgin Islands? Download our BVI business expansion guide to learn more.

Set up your company in BVI

How Tricor can help in the British Virgin Islands

BVI’s many attractions have resulted in the territory becoming one of the world’s fastest growing offshore corporate centres in recent years.

Tricor BVI offers a full range of corporate formation and fund/trust establishment, corporate governance, company secretarial, accounting and administration services and  provision of registered agent and registered office services for all BVI corporate entities as well as director and shareholder services in approved cases.

Our services include:

  • Formation, registered office and registered agent services
  • Services for BVI investment funds
  • Trust services
  • Maintaining accounting books and records
  • Providing bank signatories, settling of payment obligations and bank account reconciliation/management
  • FATCA/CRS reporting

Tricor provides licensed registered agent services in BVI through a Tricor company Tricor Services (BVI) Limited which is based in Road Town, Tortola.

Tricor provides licensed trustee services in BVI, through another Tricor company, Equity Trustee Limited, to traditional discretionary trusts and VISTA trusts. Tricor also provides trust administration and compliance services to family trusts using private trustee companies (PTC) incorporated in BVI.

In addition to our local BVI team, we have a Hong Kong team dedicated to and well-versed in offshore operations. This allows our clients incorporated in BVI to enjoy 24-hour assistance.

Tricor is well positioned to unlock the potential of your business, and help your company stay one step ahead of today’s diverse and fast evolving regulatory environment.

Tricor Group operates across a network of offices in 47 cities across 21 countries / territories.

We serve over 30,000 clients, including ~1,800 companies publicly listed in Asia, over 40% of the Fortune Global 500 companies, as well as a significant share of multinationals and private enterprises operating across international markets.

Tricor provides the building blocks for, and catalyses every stage of your business growth.

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Tricor Services in the British Virgin Islands

Client Success Stories with Tricor

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