BVI has no tax treaty with the United States. However, they share two key information-sharing agreements: the TIEA (Tax Information Exchange Agreement for mutual assistance) and a FATCA IGA (automatic financial reporting to the IRS via BVIFARS). Transparency exists, but no treaty benefits.
H&CO
British Virgin Islands
Your strategic partner for Growth and Innovation in the American market.
Local Expertise in a Global World
Our network of contact offices spans continents, bringing the expertise of H&CO professionals closer to you. Whether you're seeking financial advice, strategic consulting, or tailored solutions, our dedicated teams in various locations are here to serve you with a personalized touch.
Tortola
Palm Grove House
P.O. 438. Road Town.
Doing Business
The BVI is a premier financial center offering tax neutrality, robust asset protection, and a trusted legal framework based on English Common Law. It is the top global choice for multinational corporations and foreign investors seeking corporate security, operational flexibility, and a prestigious setting for cross-border ventures.
How to
open a Business
Incorporating in the BVI is a 100% remote digital process taking just 3 to 5 business days. With no minimum capital or local residency required, it ensures minimal administrative hassle and straightforward compliance. Read our step-by-step guide to learn the exact requirements and process to launch your entity.
Tax
Treaties
Main industries for Business in BVI
Tourism and Luxury Hospitality
A premier economic pillar and top employer. Famed for elite resorts, it offers high-potential investment in mega-yacht charters, marine infrastructure, and premium eco-tourism.
Corporate and Fiduciary Services
The economy's bedrock, driving over half of public revenue. A global leader in offshore incorporations, offering absolute tax neutrality and agile cross-border asset structuring.
Legal and Dispute Resolution Services
Rooted in English Common Law with an elite commercial court. It offers a trusted, highly resilient framework for corporate structuring, trust management, and international litigation.
Fintech and Digital Banking
A rapidly expanding hub modernizing the financial sector. Driven by progressive regulations, it supports digital-first banking, virtual asset ecosystems, and global payment solutions.
Key Contacts
FAQs about BVI
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Do BVI companies pay corporate income or capital gains tax?
Do BVI companies pay corporate income or capital gains tax?
No. BVI Business Companies operate in a completely tax-neutral environment. They are entirely exempt from local corporate income tax, capital gains tax, withholding tax, gift tax, or inheritance tax. However, shareholders must still comply with the tax liabilities and reporting rules of their home countries.
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Are the details of BVI company directors and shareholders open to the public?
Are the details of BVI company directors and shareholders open to the public?
No. BVI corporate law provides a high level of privacy. Directors’ and shareholders’ details are filed privately with the company’s licensed Registered Agent and the corporate registry, and are not available to the public. They may be disclosed only to authorized law enforcement or tax authorities .
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Can a single individual be the sole director and shareholder of a BVI company?
Can a single individual be the sole director and shareholder of a BVI company?
Yes. The BVI Business Companies Act allows a single person—of any nationality or residency—to act simultaneously as the sole director and sole shareholder. Corporate entities are also permitted to act as directors, making the structure highly efficient for single-owner international holding arrangements .
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What are the ongoing financial reporting and auditing rules for a BVI company?
What are the ongoing financial reporting and auditing rules for a BVI company?
BVI companies do not require statutory audits or public financial filings. However, they must maintain basic accounting records that explain their transactions. Additionally, companies must file an Annual Financial Return containing a simple balance sheet and income statement to their local Registered Agent .
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Is there a minimum paid-up capital or local residency requirement in BVI?
Is there a minimum paid-up capital or local residency requirement in BVI?
No. There is no requirement for directors or shareholders to reside in the BVI, nor is there a minimum paid-up share capital required to begin operations. The standard authorized share capital used at incorporation is USD 50,000 to keep government fees low, but shares do not need to be fully funded .
Why H&CO?
We specialize in guiding global investors, families, and multinational businesses through the complexities of cross-border investments and business expansion. With offices in over 30 countries, we are a trusted partner for those seeking to relocate, invest, or expand their business abroad providing tax, advisory, and integrated global solutions.
- 1,000+ multilingual professionals, providing local expertise with a global perspective.
- Client-focused leadership with deep industry experience in global markets.
- Forbes America’s Top 200 CPAs, 2025
- Forbes Best in State Top CPAs, 2025
- USA Today America’s Most Recommended Tax and Accounting Firms, 2025
- IPA Top 100 Accounting Firms, 2025 – Ranked #66
- IPA Fastest Growing Firms, 2025
- SFBJ Largest Accounting Firms by Billings, 2025
- SFBJ Largest Accounting Firms by CPAs, 2025
Contact us today!


