“Vivian and the team are always available to help me clarify things about running a company in HK. It is immeasurably helpful to have someone who really understands t...”
RADHESH VIJAYAN
Stay Compliant. Avoid Penalties. Operate with Confidence.
If your BVI company falls within the scope of Economic Substance (ES) rules, we help you understand your obligations and fulfill them efficiently and affordably.
- Entity Classification & Legal Assessment
- Annual Substance Filings (BOSS)
- Local Office, Director & Employee Solutions
4.9
Excellent
“Vivian and team are very professional and friendly. They support us to verify business entity with facebook and google using their local phone. I recommend Air corpo...”
Thanh Van An Nguyen
“Air Corporate has been assisting me for four years with the creation, management, and accounting of my business. Their service is very good and Vivian's staff are ve...”
Client content
- Companies registered
- 10,000+
- Bank Accounts Opened
- 9,000+
- Industries Covered
- 50+
- Nationalities
- 25+
Relevant Activities
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.
Holding Company
Companies whose primary activity is holding equity or assets in other entities.
Banking, Insurance & Fund Management
Licensed financial businesses, fund administrators, and insurance entities operating internationally.
Finance & Leasing
Entities providing credit facilities, lending, or leasing arrangements.
Shipping
Companies operating or managing ships for international maritime trade.
IP Business
Entities holding, developing, or licensing intellectual property assets.
Headquarters & Distribution
Regional HQ companies or distribution centres coordinating group activities.
Service Centre Business
Entities providing shared services or support functions within a corporate group.
Why Air Corporate
Built for the way
business works today
Join thousands of entrepreneurs who've chosen Air Corporate to set up and run their offshore company with confidence.
100% Remote — No Visits Required
Everything from company setup to document delivery is handled digitally. No travel, no couriers, no wet signatures.
Expert Support, Real Accountability
Our team has guided 10,000+ companies across BVI, Cayman, and Seychelles — with clear processes and dedicated contacts.
Fixed Price, No Hidden Fees
Government fees, registered agent, and compliance support are all included in one transparent fee before you commit.
Banking Introduction Included
We match you with the right banking partners for your jurisdiction and business model — and help you prepare a stronger application.
Dedicated Account Manager
A single point of contact from first form to final document. Reach us by WhatsApp or email across every time zone.
Join 10,000+ clients worldwide
Our BVI Economic Substance Services
Core Services
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
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 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.
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.
Start Free ES Self-Assessment
We help you navigate the law, meet local substance expectations, and avoid penalties.
Frequently Asked Questions
Which BVI entities are subject to Economic Substance rules?
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.
What are "Relevant Activities" under the BVI ES law?
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.
What are the core substance requirements for in-scope companies?
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.
What is the deadline for BVI Economic Substance filing?
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.
What happens if a BVI company does not comply?
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).
Are pure equity holding companies subject to the same substance rules?
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.
Can my company claim tax residency outside of the BVI to avoid compliance?
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.
Stay compliant with BVI Economic Substance
Our team handles entity classification, filings, and substance solutions so you stay on the right side of BVI law.
- Entity Classification & Legal Assessment
- Annual Substance Filings (BOSS)
- Local Office, Director & Employee Solutions
