Q1. How do I form and register a BVI company?
There are two methods to register a BVI company.
1.Ready-made company
Companies that are already incorporated. Certificate of Incorporation is issued and the company kit is available for each of those companies. We are pleased to provide a list of ready-made companies on your request or click here to see the list first. It will take about 1-2 working days to complete the procedures of registration and obtain a company kit with original Certificate of Incorporation.
2.Tailor-made company
If there is a preference as to the name of company, amount of authorised capital, we shall help you to form a company according to your requirement. It will take 1 day to form the company and 7-10 working days more to have the Certificate of Incorporation and company kit.
Q2. Is there any basic requirement on incorporation of a BVI company?
Yes. The requirement is listed as below:
| 1. No. of Shares: | No maximum but at least 1 share of any value. Ready-made company is generally 50,000 shares of US$1.00 each. |
| 2. No. of Shareholders: | At least 1 shareholder above 18 years old. |
| 3. No. of Directors: | At least 1 director above 18 years old. |
| 4. Company Secretary: | Optional. |
| 5. Registered Office: | It must be in British Virgin Islands, provided by the Registered Agent. |
Q3. Must all the directors and shareholders present to sign the documents?
No. The documents may be sent to you by email or by courier for your signature and then you return the original signed documents to us for our handling.
Q4. Are there any restrictions of language in company name?
A company may be registered with an English name only or English and Chinese name. A company name with a combination of English words/letters and Chinese characters is not allowed. It is required that the last word of an English company name must be “Limited”, “Incorporation”, “Ltd.” or “Inc”
Q5. What documents will be obtained after incorporation of a BVI company?
- A set of Incorporation documents.
- Certificate of Incorporation
- Statutory Registers
- 5 printed copies of Memorandum and Articles of Association
- 1 Common Seal
- 1 Signature Stamp
- 1 Company Kit
Q6. How do my Company have a bank account in Hong Kong?
Please note that all opening, closing and any changes to the method of operation of a bank account must be approved by the directors of the Company and the requirements of each bank are different.
Generally, the sole director/any two directors, all authorized signatories and all beneficial owners (holding not less than 10% of issued share capital) must present in Hong Kong for the account opening. You need to make appointment with bank first and bring the requested documents to bank for opening bank account. (We can provide the opening bank account services)
Q7. What documents are required to be prepared from the sole director/any two directors, all authorized signatories and all beneficial owners to bank officer to review first before going to bank?
The required documents/information are listed below:
- Certified a full set of corporate documents by Certified Public Accounts
- Organization chart showing % shareholding, the country of incorporation and the country of business address of each company up to the Beneficial Owners of the Company certified by director
- The identification document and latest 3 months residential address proof
- Your Business Card (if any)
Note: We can help to prepare the item 1 and 2.
Q8. Can I know what questions will be asked by Bank?
The following items may be asked by Bank:
- Business Nature
- Purpose to open account
- How many employee under the newly company.
- Turnover of the company for each month
- Your working experience and mainly in which business
- Estimate of first deposit into this account (come from which company and where will the fund come from and how much will remain in this account)
