Time & Procedures for Establishing a BVI IBC

In most cases the procedure of preparing documents for incorporation is simple and brief: the official approval at Companies House can be received in 24 hours + time for finding a suitable company name, for management and processing of the company by us + any postal or courier delays and check clearing through the banking system.

Steps for BVI Incorporation

1. select a name for your Offshore IBC company.

Your offshore IBC company name will have to end in Limited, Corporation, Incorporated, Sociedad Anónima, Société Anonyme or their abbreviations Ltd. Corp. Inc. S.A. to indicate the lmited liability of the shareholders.

A company name check can be carried out free of charge to see if your company name has already been registered.

We can reserve your company name with the registry for up to ten days.

You are not be allowed to use a name which is either identical or deceptively similar to one that is already used by another corporation.

Ensure the availability of your name by using our free company namecheck service.

2. Determine the number of shares each shareholder will have.
Share capital can be denominated in any currency.
Shares may be issued with or without par value.
No need for authorised share capital.
No restriction on a company purchasing its own shares.
No specified minimum paid up capital.

3. Appoint the directors of your company.

Directors may be of any nationality and may reside anywhere.

Your company only requires one director, although there can be several.
The names of directors do not appear on public record.
There is no requirement to appoint a local director.
Directors and shareholders meetings need not be held in the BVI.

4. Choose who will be the shareholders of your offshore BVI company.
Shareholders may be of any nationality and may reside anywhere. Your company only requires one shareholder, although there can be several.
A BVI IBC can have either registered shares or bearer shares.

5. Choose a registered office within the British Virgin Islands for your company.

A BVI registered office is required for your company.

Lemon Accountancy can provide this service.