Our Services

BVI Company Formation

Coddan has a dedicated company formation team specialising in the incorporation of the British Virgin Islands. Coddan CPM Ltd offers a wide range of incorporation services in the BVI, including Public Limited Company formation, Private Limited Company Formation, Limited Partnership Creation, Guarantee Company Incorporation, Ready-Made companies, BVI Trust set-up, Yachts registration, Registered Office Address and Virtual Offices, Nominee Services, Bookkeeping and Accountancy, Business Bank Accounts, Trade Mark Registration and others.

We offer the most complete, cost-effective and affordable online BVI company set-up for small businesses. BVI Limited Company formations, small business startup advice, ready-made BVI business companies and BVI offshore mutual funds. Our services include: offshore company incorporation and administration, provision of registered address and registered agent, nominee shareholders, company management (directors and officers), documents custody, mail forwarding, virtual offices, corporate searches and filings, bank account introductions and management, drafting of corporate and business documentation.

The British Virgin Islands first enacted legislation for the incorporation of International Business Companies Act in 1984. One of the main reasons for their popularity as a jurisdiction has to be the simple legislation and fairly low costs. The BVI government has strengthened legislation to prohibit the formation of offshore banks on its territory which has in return successfully curtailed money laundering activities. The BVI’s modern and flexible legislation has led to its status as the most popular offshore location.

Offshore operations in the BVI may take the following forms:

• Non-Resident Private Company Limited by Shares
• Non-Resident Private Company Limited by Guarantee
• Non-Resident Hybrid Company
• International Business Company
• International Limited Partnership
• Trust

Your Company Incorporation is only the first step with us and not the last. We will offer you a complete range of Business Services to help you do your daily business more effectively and more efficiently. We are a team of professional accountants, lawyers, tax experts and assistants with many years of experience in company formations, international tax planning, legal and business services. Company formations completed in up to 2-5 working days using online company registration services.

We incorporate all our companies electronically. Up-to-date technology infrastructure enables us to meet our clients' needs quickly and without compromise. An online link to the British Virgin Islands Registry of Corporate Affairs provides a comprehensive name-checking facility allowing immediate determination of availability of a proposed company or limited partnership name. Ready-made shelf-companies are also available for immediate purchase.

As ancillary services to the formation of offshore BVI companies, we can offer you the following services:

• Nominee Directors from - £166.00
• Nominee Company Secretaries from - £120.00
• Nominee Shareholders from - £110.00
• Registered Office and Agent - £175.00 (per year)
• Maintenance of Statutory Registers and Filing of Annual Returns
• Preparation of Special Resolutions from £50.00
• Bank Introductions from - £400.00
• Day-to-day Administration
• Telephone Answering
• Post Office Box
• Computerised Book-keeping and Production General Power of Attorney
• Notarial and Apostille Services from £100.00
• International Re-invoicing Services

BVI Company Formation Services

Our company formation services in the BVI include:

1. International Business Companies. The British Virgin Islands (BVI) are an established and popular place to incorporate International Business Companies (IBC). The BVI IBC is very quick and simple to incorporate, it requires minimum administration, at the same time providing privacy, asset protection and limited liability.
2. Holding Company. A BVI IBC may be used as a holding company of any kind of entity anywhere in the world. Such a structure enhances the owner's privacy, facilitates ultimate sale of the underlying business and may have other practical benefits in the course of day to day operations.
3. Private Company Limited by Shares. An ordinary resident company limited by shares is usually formed for the purposes of carrying on local business. It must:
   • have two or more members;
   • restrict the transfer of its shares;
   • not invite the public to subscribe for its shares; and
   • must not have more than 50 members.
4. Public Company Limited by Shares. A public company formed under the Companies Act is similar to a private company limited by shares except that it must have 5 or more members, and the restrictions listed above do not apply.
5. Company Limited by Guarantee. Under the Companies Act, a company limited by guarantee must have a minimum of two members; the Memorandum of Association contains a statement of the amount up to which the members guarantee the company's debts. The Articles can provide for the members to have differing shares of the assets and liabilities.
6. Limited Partnership (LP). BVI Limited Partnerships are governed by the Limited Partnerships Act 1996; as regards general partnerships this act reproduces almost exactly the common law provisions of the English Partnership Act 1980, but the clauses dealing with limited partnerships follow modern US Delaware precedent.
7. Trust. The trust law of the British Virgin Islands is based on English trust law. The Trustee Amendment Act 1993 (the "Amendment Act") updated the original British Virgin Islands Trustee Act (itself largely based on the English Trustee Act 1925).

Nominee Services in the BVI

1. Nominee Secretary. The secretary is recognised by the law as an officer of the company appointed by and responsible to the directors. The responsibilities of the secretary include mainly the maintenance of the statutory books and the minute books. A company secretary is not a requirement under the Act, but a secretary is normally appointed to facilitate signing obligations.
2. Nominee Director. An attorney in the formation country will act as nominee director of the company (to the outside) and transfers all rights and obligations internally to the actual beneficiary (notarial deed of trust). The director does not have any account authority.
3. Nominee Shareholder. A tax office in the formation country will act as nominee shareholder (to the outside) of the company and transfers all rights and obligations internally to the actual beneficiary (notarial deed of trust).

Other business services in the BVI

1. Registered Office Address. The registered office of the BVI IBC company must be located in the British Virgin Islands.
2. E-Commerce Business. We provide all neccessary services to move your business to the Internet. Web-site (incl. e-shop solutions) and hosting, e-mail and DNS support.
3. Yacht Registration. We can help you register your yacht in the BVI. In order to do so we recommend you first incorporate a BVI IBC with nominee directors, then register the yacht in the name of the IBC.

Coddan also offers customers complete assistance in registering International Business Companies in the British Virgin Islands, also can provide customers with a Certificate of Good Standing, a nominee director for offshore company registration and nominee shareholder service.

Please contact us for more information. If you have any queries, please call us during business hours and speak to one of our highly trained incorporation specialists. You can call us by phone 800-081-1510 or + 44 (0) 207.935.5171, or make an initial consultation request.