British Virgin Islands Shelf (Readymade) Business Company Registration Fees, Registration Procedures and Annual Maintenace Cost

1. BVI Business Company Registration Fees (Readymade Company)

BVI Company Registration Fees

With a standard share capital of less than or of 50,000 shares, the registration fee together with the first year maintenance fee is USD950. In particular, the fee covers:
(1) first year licence fee: USD350
(2) first year registered agent and registered office: USD400
(3) one complete company kit: USD60
(4) our incorporation service charge: USD140

For company with share capital of over 50,000 shares, the registration fee together with the first year maintenance fee is USD1,750. In particular, the fee covers:
(1) first year licence fee: USD1,100
(2) first year registered agent and registered office: USD400
(3) one complete company kit: USD60
(4) our incorporation service charge: USD190

Note:

(1) A extra fee of USD150 is applicable if Chinese name is also registered.
(2) The fees stated above does not include delivery fee, if any.

Step by Step to Purchase a British Virgin Islands Readymade Company

Procedures for Purchase of a Readymade Company incorporated in British Virgin Islands from Kaizen

Step 1
You confirm and engage Kaizen to register your BVI company by either sending Kaizen an email or fax. If so requested, Kaizen will prepare and sign an engagement letter with you.

Step 2
Kaizen email, fax or post the BVI Readymade Companies List (shelf company)to you and you select at least two names in priority preference and confirm with Kaizen your selection.

At the same time, you provide to Kaizen either by fax or scan and email the following materials:
1 One photocopy of passport (only the page showing the particulars of the holder) and residential address of each shareholder; if any shareholder is another corporation, please provide Certificate of Incorporation and Registered Office of that corporation;
2 One photocopy of passport (only the page showing the particulars of the holder) and residential address of each director; if any director is another corporation, please provide Certificate of Incorporation and Registered Office of that corporation;
3 Amounts of authorized share capital and issued capital, percentage of shareholdings if more than one shareholder.

Step 3
Kaizen check the availability of the selected readymade companies. If available, Kaizen issues an invoice to you and you arrange payment by check, transfer or wiring. Detailed payment instructions will be provided upon confirmation of order.

Step 4
After confirmation of payment, Kaizen proceed to registration; if not available, Kaizen will go back to you for more company names and perform the availability search again.

Step 5
Kaizen attend to the followings:
1. Printing Memorandum and Articles of Association
2. Prepare minutes of First Board Meeting
3. Prepare Application for Allotment of Share(s) for each shareholder
4. Prepare Consent to Act as Director for each director
5. Update Register of Members
6. Update Register of Directors
7. Prepare Share Certificate
8. Carve Common Seal and rubber chop

Step 6
Kaizen arrange to deliver the above documents/materials (together known as Company Kit) to you.

Step 7
Upon receipt of the Company Kit, you sign the following documents:-
1. Application for allotment of shares
2. Minutes of First Board Meeting
3. Consent to Act as Director
4. Share Certificate
and then either fax or scan and email a copy of the duly signed documents as listed above to Kaizen. Registration procedures completed.

Documents and Information Required

Documents and Information needed to be provided by you for the Purpose of Registration
1. A photocopy of identity card or passport of each director and shareholder
2. Residential addresses with proof of all directors and shareholders, such as utility bill, telephone bill.
3. Proposed name of the company
4. Amount of share capital (unless otherwise advised, all company will be incorporated with a standard share capital of USD50,000) and percentage of shareholding by each shareholder, if more than one shareholder

Time Frame

The whole registration processes for a readymade company could be completed in 2 working days.

Documents Given to Clients after Registration

1. Original copy of Certificate of Incorporation
2. Three (3) copies of Memorandum and Articles of Association
3. Ten (10) copies of share certificate
4. Register of Members and Register of Directors
5. Common Seal and company chop
6. Minutes for the appointment of first director(s)

2. Other Services (Optional)

Provision of Nominee Corporate Director: USD400 each/per annum
Provision of Nominee Shareholder: USD300 each/per year
Certificate of Good Standing: USD180
Certificate of Incumbency (Registered Agent’s Certificate): USD180
Opening of corporate bank account in Hong Kong: USD450 (for company registered by Kaizen)

3. BVI Company Annual Maintenance Fees

With a standard share capital of less than or of 50,000 shares, the annual maintenance fee of a BVI Company for second year and thereafter is USD750, which includes annual licence fee, registered agent and registered office fees.

With a standard share capital of more than 50,000 shares, the annual maintenance fee for second year and thereafter is USD1,600, which includes annual licence fee, registered agent and registered office fees.

Further reading: BVI Business Company Registration and Maintenance Guide.

In any case that you also need to have a corporate account in Hong Kong for your BVI company, you can choose our BVI Company Incorporation Package #BVIBC03 - Registration and Registered Agent Services and Certificate of Inumbency and Corporate Bank Account.

For further information or assistance, please call us:

Hong Kong Office: +852 2341 1444
Singapore Office: +65 6883 1061
Shenzhen Office: +86 755 8268 4480
Shanghai Office: +86 21 6439 4114
Beijing Office: +86 10 6874 8420

or send email to enquiries@bycpa.com.