British Virgin Islands

British Virgin Islands - Common law
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British Virgin Islands taxes

If you want to incorporate in British Virgin Islands. This article explains the tax laws for a BC which is the most common company type in British Virgin Islands.

British Virgin Islands does not levy Corporate Income Tax. Therefore both income accrued onshore and income accrued offshore are not subject to taxation. This ranks British Virgin Islands as 1st overall in terms of corporate tax rate worldwide. An annual renewal fee of US$ 350 or US$ 1,100 may apply, depending on its number of authorized shares. A BC company may not have restrictions to trade or own real estate within the territory.

A BC may be formed by one or more shareholders, who may be natural or legal persons. Nominee shareholders, corporate shareholders and directors are permitted. There is no minimum capital requirement. Shares may be with or without a par value. Bearer shares may be issued, but Government fees for such companies may be higher. It may be required to keep records, but its location can be freely determined. There is no requirement to file annual reports or accounts. Beneficiaries, shareholders and directors may elect not to be public disclosed. Migration of domicile is permitted.
There is no value-added tax or sales tax in British Virgin Islands, that ranks the country as 1st as when compared to VAT globally. In terms of other taxation, an employer will contribute 3.75% to the equivalent of a social security fund and an employee will contribute 3.75%.

Thin capitalization rules are not in effect. Thin capitalisation refers to any sort of requirements on a business and the debt-to-asset ratios. There are no transfer pricing rules. These refers to the monetary values assigned to the products or services exchanged between the sub-units or divisions of an organization. Dividends paid or received are not subject to taxation. Dividends are distributions of earnings of the business, determined by the board of directors, to shareholders. Dividends can be issued as shares of stock, cash payments, or other property. Capital Gains are tax exempt. A capital gains tax is levied on the profits that a corporation or natural person realizes when he or she sells sells a capital asset for a price that is higher than the purchase price.

There are no withholding taxes in British Virgin Islands. This means that any kind of payment to non-residents, such as dividends, royalties, interests or fees are not subject to taxation.
There is no known tax on wealth in British Virgin Islands. There are no known inheritance taxes. There are real property taxes and a stamp duty on property transactions.

The above is not tax or legal advice for your individual circumstances. We can refer you to a tax advisor in British Virgin Islands who can give you the proper advice. Ready to get started? Click incorporate now if you are in a hurry, or press the free consultation button above.

It takes approximately - hours to file and prepare documents for a British Virgin Islands Common law.
The corporate tax is approximately 0% which is 1 in the world.

Owners of a company in British Virgin Islands are not allowed to carry back a loss .

The vat rate in British Virgin Islands is 0% which ranks 1 in the world.

Patent box
RND credit
Wealth tax
Estate tax
Transfer taxes
Asset taxes
Capital duties
0Tax treaties
0%Offshore Tax
0%Corp rate
-Loss carryback years
-Corporate time
0%VAT rate
0%Capital gains
2017AEOI planned

Read this to learn about incorporating a company in
British Virgin Islands

We can help you form a company in British Virgin Islands. Click the button above for a no-obligation quote. We will provide you with all the necessary documents to open a bank account as well as a registered office in British Virgin Islands, which is required by law.

British Virgin Islands Tax Treaties

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Country Info

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Virgin Islands (eng)
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Road Town
Native Languages