*The list is not exhaustive. The bank may request any other documents and information when changing the signatory to the bank account.
**BVI companies have no statutory reporting obligations, but every company is required to keep accounting records, contracts, invoices and other documents for 5 years from the date of their making, and inform the registered agent about the records keeping address and the name of the person responsible for keeping the records. The company must provide these documents if requested to do so.
TOTAL: 20 000 USD
***Government fee for a company with an authorized capital not exceeding 50 000 shares is $ 450, and is $ 1 200 for an authorized capital exceeding 50 000 shares.
The Beneficial Ownership Secure Search System Act came into force in the British Virgin Islands on 30 June 2017. It introduced a central system for collecting and maintaining information about beneficial owners of companies registered in the jurisdiction. The Act requires local registered agents to collect and keep information about the beneficial owners of every entity under their administration in their special database (RA Database). Information from all such databases is accumulated in the central Beneficial Ownership Secure Search (BOSS) System.
The BOSS system contains the following details of the beneficial owner(s) of an entity:
Following the coming into effect of the Economic Substance (Companies and Limited Partnerships) Act 2018, some companies, depending on their activities, may need to set up a real office in the BVI.
Services
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Fees (USD)
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Subsequent annual administration of the company (starting from the second year), including registered agent and secretary, and annual government fee
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1 390
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EU citizen as nominee director (for 1 year, including one apostilled power of attorney)
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4 500 EUR
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EU citizen as nominee shareholder (for 1 year)
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4 500 EUR
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Courier shipment from BVI to Russia
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250
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Expedited courier shipment from BVI to Russia
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250
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Compliance fee
Payable in the cases of: - Incorporation of s company, - renewal of a company, - liquidation of a company, - transfer out of a company, - issue of a power of attorney to a new attorney, - change of director / shareholder / beneficial owner, except the change to a nominee director / shareholder, - signing of documents. |
250 (standard rate – includes the check of 1 individual),
+ 150 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL, + 200 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL, 350 (check for High Risk companies, including the check of 1 individual), 100 (signing of documents). |