1,000+
Companies registered
800+
Bank Accounts Opened
50+
Industries Covered
25+
Nationalities
Does Your BVI Company Need to Comply?
If your business conducts any of the activities listed, you may be subject to BVI’s Economic Substance requirements.
We’ll help you understand where you fall and what to file—properly and on time.
👉 Not sure where you fall?
Let our team help you classify your entity and stay compliant.
Holding Company
Banking, Insurance, or Fund Management
Finance or Leasing
Shipping
IP Business
Headquarters or Distribution
Service Centre or Holding Company Business
Our BVI Economic Substance Services
Services & Pricing
Expert support across assessment, filings, and registrations.
Legal ES Assessment (Optional)
Legal review to confirm your company’s ES classification and exposure. Recommended if your self-assessment is challenged by BVI’s International Tax Authority (ITA).
$450 /entity
Legal Restructuring Advice
Expert legal guidance on restructuring your company to comply with ES requirements.
$950–1,500
Annual Substance Filing (BOSS)
Required annual filing for relevant entities under BVI law.
$250 /entity
Trade License & Tax Registration
Government application support for trade license, tax ID, and other BVI contributions.
$750 /entity
Substance Maintenance Solutions
Need physical presence, employees, or directors in BVI? We provide turnkey options that help your company meet ongoing ES standards.
Ongoing Substance Options
Dedicated Office Space
Independent, monitored full-service office in the BVI. Excludes staffing.
$2,650 /month
Pure Equity Substance Solution
For holding companies only. Includes Registered Agent office & director, and government contributions.
$3,500 /annum
Dedicated (Non-Executive – Pure Equity)
Natural person director not actively involved in daily operations.
$1,950 /annum
Dedicated Director (Non-Executive – Operating Entity)
For active business entities. Non-executive director not involved daily.
$3,150 /annum
Director (Full-Time, Onsite)
Full-time, qualified director working from the BVI office.
From $2,750 /month
Junior Employee (Onsite)
Full-time junior staff for BVI operations. Qualifications may affect rate.
From $1,950 /month
Senior Employee (Onsite)
Senior-level personnel available for in-office substance requirements.
From $2,250 /month
👉 Not sure which service you need? Start a free ES self‑assessment and we’ll guide you.
Why Economic Substance Matters
The BVI has implemented Economic Substance laws in line with OECD and EU standards. If you don’t comply, you risk:
Hefty fines
Significant penalties for missing ES obligations, increasing with repeat non-compliance.
Exchange of information
Risk of information being shared with tax authorities in your home country.
Struck off the register
Your company can be removed from the BVI register and lose legal good standing.
Legal consequences
Potential legal action against directors or the entity for persistent non-compliance.
We help you navigate the law, meet local substance expectations, and avoid penalties.
Not Sure Where to Start?
Our experienced legal and corporate services team will help you meet your BVI substance obligations—without the stress.
- 01
Self‑Assess Your BVI Company
Use our free tool or talk to our team to see if your entity is in scope.
- 02
Choose the Right Compliance Path
Filing, restructuring, or full physical presence — we tailor the plan.
- 03
Stay Compliant Year After Year
We handle filings, substance setup, and ongoing monitoring.
Select the Right Plan For You
Base
$1,750
USDIncorporation
Preparation of incorporation documents
We Recommend
All-Inclusive
$1,850
USDExpert
$2,250
USDUnique and Simple Pricing
Peace of mind with our all inclusive yearly renewal package
1,650
USDIncludes:
Annual Renewal
- ✔Yearly Company maintenance
Corporate Secretary Services
- ✔Provision of Corporate Secretary (1 year)
- ✔Maintenance of Statutory Registers (1 year)
- ✔Automated reminders of filing deadlines (1 year)
Registered Address
- ✔Provision of Registered Address (1 year)
- ✔Scanning and sending of mail correspondence (1 year)
Digital Platform Access
- ✔24/7 access to company documents on our online platform
FAQs
The rules apply to:
- BVI companies and limited partnerships that are tax residents in the BVI
- Foreign entities re-registered in the BVI
- Entities that are tax resident outside the BVI in a jurisdiction with appropriate information exchange agreements may be exempt—subject to evidence.
Relevant Activities include:
- Holding Business (pure equity holding)
- Banking Business
- Insurance Business
- Fund Management Business
- Finance and Leasing
- Headquarters Business
- Shipping Business
- Intellectual Property Business
- Distribution and Service Centre Business
If your company engages in any of these, it must meet substance requirements.
Companies must:
- Be directed and managed in the BVI
- Conduct core income-generating activities (CIGAs) in the BVI
- Have adequate employees, premises, and expenditure in the BVI
- File an annual ES declaration via the BOSS system
- For holding companies, simplified requirements apply.
Companies must submit their Economic Substance Declaration within 6 months after the end of their financial year through the Beneficial Ownership Secure Search (BOSS) System.
Non-compliance may result in:
- Fines starting from US$5,000 to US$50,000 or more
- Reporting to foreign tax authorities
- Possible striking-off of the company
- Legal enforcement by the International Tax Authority (ITA)
No. Pure equity holding companies have reduced requirements. They must still have a registered office and meet certain record-keeping and filing obligations, but are not required to conduct extensive activities locally.
Yes, if your BVI company is centrally managed and controlled in a jurisdiction that has a double tax agreement or information exchange agreement with the BVI, you can file a Tax Residency Claim. However, documentary evidence must be provided and approved by the ITA.
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