The British Virgin Islands Financial Services Commission is accountable for all commercial services that are carried out within the British Virgin Islands, including business, investment business, bankruptcy service, and security business. In extension, the BVI FSC is liable for company formation, company administration, and intellectual property in the British Virgin Islands. The BVI FSC is similarly bound for the issuing of financial licenses for use in the foreign exchange industry.

Incorporation & obtaining a license: Depending on the Governor. In addition, can take from 4 weeks to 4 months

Minimum paid-up capital: Is set on a case-by-case basis. Once the application is presented to the Regulating jurisdiction, they will judge on the required capital, regularly, it is in the range of 77,500.00 – 193,500.00 pounds.

Non-refundable license application charge payable to the FSC: 600 pound

Initial Finance Business Licence charge payable to the FSC:  1,200 pound


The British Virgin Islands (BVI) is a self-governing British across the territory and is determined almost sixty miles east of Puerto Rico and two miles from St. Thomas, U.S. Virgin Islands

BVI allows a well-established structure for businesses willing to contribute financial services. It is understood as a member of the standard trio of Offshore Forex – Belize, Seychelles and BVI. The commercial services are organized by the British Virgin Islands Financial Service Commission (BVI FSC). The essential responsibilities of BVI FSC are to manage, oversee and investigate all financial services in and from within the BVI. Such duties include insurance, banking, trustee company, company administration, mutual funds business as well as the registration of companies, limited companies, intellectual property, and ships.

The BVI FSC licenses and allows businesses by publishing Securities and Investment License which allows them to operate economic service business. As respects, the Securities Brokerage or Forex Authorisation fees are relatively low and the whole process is straightforward.

Since 2010 there are implemented regulations and rules which applies to forex brokers and other financial business companies, thereby BVI FCS controls all BVI broker licenses.

The BVI is intriguing in terms of owning Forex Brokerage Company due to the fact that it gives regulating state as well as authorizes corporations to be entirely based abroad. Furthermore, such organizations are engaging because of their adaptable structure and high level of confidentiality and privacy.

Government charges and related expenses:

Investment Business Licence annual fee – 1,200 Pound

Government Company license fee – 350 Pound

Registered Office and Registered Agent – 2,000 Pound

Authorized Agent in the British Virgin Islands – depending on the Representative

Expert fees of company supporting – 1,300 Pound

IMPORTANT: It is expected to have a professional indemnity insurance (PII) or present a detailed self-exemption to PII. Price for the security will depend on the service provider. As a condition, it must be a regional insurance company.

Notable features

General information

Company structure

  • At least 1 shareholder. Who can also be a legal person, no nationality limitation.
  • Minimum two directors. Who can also be a legal person, no nationality or residency limitation.


  • Beneficial owners’ data – Not part of the public record
  • Shareholders’ data – Not part of the public record
  • Directors’ data –Not part of the public record


The capital gains, death charges or estate taxes are not subject to taxation. As well as profits, royalties or interest is are not expected to be paid

Other advantages

The meetings of the directors and the shareholders need not be accommodated in the British Virgin Islands; plus there is no necessity for an Annual General Meeting. All gatherings may be held outside of British Virgin Islands, by telephone or other computerized means.

Accounting requirements – Annual audited financial statements are expected

Registered Agent – Needed

Local office – Not Needed

Local employees – Not Needed

Company Name

  • Language: Any
  • Letters: From the Roman alphabet
  • The organization name needs to end with such suffixes or their abbreviations: Limited, Corporation, Incorporated, Society Anonyme, Sociedad Anonima or Aktiengesellschaft.
  • Titles Requiring Approval or a Licence: Bank, Insurance, Assurance, Re-Insurance, Trust, Trustee, Savings, Royal, Asset Management, Fund Management, Investment Fund, Building Society, Municipal, Chartered.


  • Restricted contacts for company name: name of state, federal or local government.
  • Any name that indicates illicit activity or indicates royal or administration patronage is restricted.
  • The registrar may refuse any name which it deems objectionable or opposite to the public interest.
  • The organization name is limited to be identical or similar that of an existing corporation.
  • In the case when a foreign language is used for the business name the translation may be required by Registrar to guarantee conformity to above-listed restrictions.

In order to get a license, the following steps will be carried out by Startupformations:

  • Gathering of personal due application documents
  • Development of statutory declarations and application forms
  • Submission of the application to the BVI FSC
  • Custom-drafting of Anti-money laundering procedures and business plan
  • Development of all necessary ad-hoc documents
  • Supervision of the process
  • Opening of a bank statement for capital deposit
  • Help with receipt of expert indemnity insurance
  • Finalization of the method

In order to receive License, kindly present the following documents:

For a local bank:

(All beneficial owner, director, shareholder, authorized signatory)

  • A notarized proof of original passport
  • A copy of evidence of residential address
  • A notarized proof of a Letter of Reference form Bank

For local regulatory authority:

(All beneficial owner, director, shareholder, authorised signatory and secretary must provide)

  • CV
  • A notarized proof of a valid passport
  • A copy of proof of residential address
  • Professional letter/bank reference
  • A notarized copy of a University
  • Signed and notarized application forms


  • If documents are not in English language or language of a particular country, then they need to be brought by a notarized translation.
  • Please guarantee that notarization is in the English language if not then kindly present with notarized English translation.
  • Additional papers may be asked by the regulatory authority or local Bank at any point to certify specific information