Registering a BVI (British Virgin Islands) company is a popular choice for setting up an offshore company. BVI is the abbreviation for British Virgin Islands, which is the world's fastest-growing offshore investment center. In Hong Kong, many listed companies use BVI companies as their holding companies, and one of the benefits of setting up a BVI company is its high level of privacy, as the information of directors and shareholders is not available for public inspection.
British Virgin Islands company registration fees (first-year cost) | ||||||
Description of Services | Newly incorporated | Bank account opening package | Full Package | |||
Company registration (up to 50,000 shares) | ✓ | ✓ | ✓ | |||
Registered address for company registration | ✓ | ✓ | ✓ | |||
Company seal (including the round chop, signature chop & common seal) | ✓ | ✓ | ✓ | |||
Certificate of company incorporation (electronic version | ✓ | ✓ | ✓ | |||
Company constitution (5 copies) | ✓ | ✓ | ✓ | |||
Company constitution (Certified Copies 2 copies) | ✓ | ✓ | ✓ | |||
Share certificate (current shareholders) | ✓ | ✓ | ✓ | |||
Share certificate (for reserve, 10 pieces) | ✓ | ✓ | ✓ | |||
Register of current directors (1 set) | ✓ | ✓ | ✓ | |||
Register of directors (for reserve, 5 copies) | ✓ | ✓ | ✓ | |||
BVI company registration government fees | ✓ | ✓ | ✓ | |||
Original copy of certificate of company incorporation | ✓ | ✓ | ||||
Director's employment certificate (valid for 6 months) | ✓ | ✓ | ||||
Registered address service for Hong Kong company registration | ✓ | |||||
Including: first-year government fees + registered address + annual filing fees | ✓ | ✓ | ✓ | |||
Initial registration fees | HKD 17,880 | HKD 20,880 | HKD 22,880 |
1. Certified copies of the valid passport of all directors and shareholders.
2. Proof of address for all directors and shareholders (i.e. bank statements, utility bills, etc. dated within the last three months).
3. Selfie photographs of all directors and shareholders holding their valid passports (passport details must be clearly visible).
4. Suggested company name (in English or English + Chinese).
5. Nature of business.
6. Source of funds.
Proposed number/value of shares to be issued (usually 50,000 ordinary shares with no par value of USD 1 each).
8. Completed BVI company application form.
* Fully online application.
Other related fees for British Virgin Islands company (second year onwards) | ||||||
Description of Services | Price (HKD) | Remarks | ||||
Addition of a Chinese company name | 2000 | One-time | ||||
More than 50,000 shares of capital | 10000 | |||||
Application for Hong Kong Business Registration Certificate for BVI company | 7040 | |||||
BVI business bank account opening (virtual bank / US bank) *Note 1,2 | 5000 | |||||
BVI business bank account opening (Hong Kong bank) - secondary bank (additional wealth management products) Note 1, 3 | 10000 | |||||
BVI business bank account opening (Hong Kong bank) - primary bank (additional wealth management products) Note 1, 3 | 20000 | |||||
Original copy of certificate of company incorporation | 1500 | |||||
Director's employment certificate (valid for 6 months) | 3200 | |||||
Certificate of Good Standing (valid for 6 months) | 5200 | |||||
Registered address service for Hong Kong company registration | 2500 | Annual fee | ||||
Maintenance fee - 50k shares or below *Note 4 | 14400 | |||||
Maintenance fee - over 50k shares *Note 4 | 24000 |
*Note 1: Does not include any bank account opening fees.
*Note 2: Fully online processing
*Note 3: Hong Kong banks may require BVI companies to hold a Hong Kong Business Registration (BR) and arrange for all authorized signatories and most directors (in some cases, even all directors and shareholders) to attend a bank interview in person. Our bank account opening service is limited to providing assistance, including preparing some of the required account opening documents, conducting a preliminary review of the account opening materials provided by the client, scheduling the bank interview on your behalf, and forwarding bank correspondence and tokens.
*Note 4: Includes 1. BVI government/license fee, 2. registered office fee, and 3. agent economic substance fee.