Offshore Common Law
Joint venture partners needing neutral law, British Virgin Islands
Common law shareholder agreements, no public registry of beneficial owners visible to the general public, and 24-48 hour incorporation make BVI a default for cross border JV SPVs between non EU/non US parties.
Common lawConfidential register24-48h incorporation
Start setup {placement} 4 min · no card required
Corp tax
0%
Fastest setup
7 days
Region
Offshore
What you'll need
- No resident director required
- Local registered office required
- Economic-substance test applies
- Minimum capital: No minimum capital
- Administrative language: English
- Legal system: Common law
Tax and treaty profile
- Corporate tax 0%
- VAT rate 0%
- Withholding on dividends 0%
Banking and payments
- Banking is restrictive without local presence
- Stripe not supported
Considerations
If banking and Stripe matter more than tax
BVI is on the EU AML high risk list and FATF grey list, so banks open accounts in 180 days if at all. Stripe and Mercury do not support BVI entities. For an operating company, look elsewhere:
EU AML high riskFATF grey listNo Stripe/Mercury