A BVI Limited Company requires:
All roles may be held by the same individual or entity, and there are no residency requirements. Otonomos offers nominees for the Director and Shareholder positions.
Yes. BVI companies are exempt from:
However, company owners must still comply with the tax laws of their country of residence.
For Individuals (KYC)
For Companies (KYB)
Other Required Documents
Our Nominee Services include the appointment of corporate director(s) to your entity, adding an additional layer of separation between you, the ultimate controller, and your company. Rest assured that our Corporate Directors operate exclusively under a signed Nominee Director Agreement, which ensures they cannot act on behalf of your company without explicit written instructions from you. It's essential to note that, if Otonomos is your chosen Nominee Director, our involvement is required for all processes related to opening bank and exchange/OTC accounts in accordance with our standard tariff. This arrangement helps guarantee your privacy and control while granting Otonomos corresponding information rights for a seamless and secure partnership.
Add a Local BVI Director to provide you with a greater degree of economic substance locally in the BVI. As with a corporate nominee director a Local Physical Director also adds an additional layer of separation between you, the ultimate controller, and your company. Rest assured that our Local Directors operate under a signed Nominee Director Agreement, which ensures they cannot act on behalf of your company without explicit written instructions from you.
It's essential to note that, if a Physical Directors is chosen our involvement is required for all processes related to opening bank and exchange/OTC accounts in accordance with our standard tariff. This arrangement helps guarantee your privacy and control while granting Otonomos corresponding information rights for a seamless and secure partnership.
Begin your BVI Fund journey with confidence. The initial 50% retainer covers the first step toward a total fixed cap of US$20,000 for the legal work essential for your fund. Our expert team will guide you through the process, ensuring that your fund receives the dedicated support it deserves to get things started.
Our comprehensive Full Apostille KYC/AML Kit, available for a one-time fee of US$2,000, equips you with a certified or notarized set of essential corporate documents, potentially being vital for the onboarding process with banks, centralized exchanges, and Over-The-Counter desks. This indispensable KYC kit includes the Certificate of Incorporation, your entity's Constitution (M&A or Operating Agreement), the Register of Directors, and the Register of Members/Shareholders. With these vital documents at your disposal, you can confidently navigate the onboarding procedures, ensuring a more seamless and compliant entry into the financial landscape. Note this document suite is often required when opening a subsidiary of your company or when doing an asset pledge.
Start your BVI Fund journey with confidence. The initial 50% retainer covers the first step toward a total fixed cap of US$26,000 for the legal work essential for your fund. Our expert team will guide you through the process, ensuring that your fund receives the dedicated support it deserves to get things started.
Our Nominee Shareholder service is your shield against prying eyes and potential creditors in jurisdictions where a public register of companies exposes shareholder details, including residential addresses. While maintaining your compliance with Know Your Customer (KYC) requirements as the Ultimate Beneficial Owner, our Nominee Shareholder service provides a vital layer of privacy and asset protection. It's important to note that by opting for Otonomos as your Nominee Shareholder, you will also have our expertise in guiding you through the process of opening bank and exchange/OTC accounts in alignment with our standard tariff. Rest assured, this arrangement helps ensure your confidentiality and asset protection.
When setting up a BVI Incubator Fund it is required to have a Authorized Representative. Otonomos can provide the Authorized Representative if you don't have anyone to appoint.
A Legal Entity Identifier (LEI) is a unique 20-character code used to identify companies and legal entities participating in financial transactions globally.
You can save $506 compared to the 1 year package
A Legal Entity Identifier (LEI) is a unique 20-character code used to identify companies and legal entities participating in financial transactions globally.
A Legal Entity Identifier (LEI) is a unique 20-character code used to identify companies and legal entities participating in financial transactions globally.
You can save $245 compared to the 1 year package
A Legal Entity Identifier (LEI) is a unique 20-character code used to identify companies and legal entities participating in financial transactions globally.
You can save $1,682 compared to the 1 year package
Let us help open an account with our partner Skyline Digital. Their solution allows you to make fiat payments directly from your wallet using crypto in a self-custodial way. Once the account is successfully established, we promptly transfer any login credentials to you, ensuring you gain quick access to your Skyline Account. Our service is to help open the account using your corporate documents, if we have a nominee position and you are looking to onboard this fee also includes our time to KYC as the nominee.
*Note US persons both natural and corporate are not able to onboard with Skyline Digital at this time
Have a crypto exchange account opened with your preferred crypto exchange. We open the account on your entity's behalf and once open, we transfer the login credentials to you.
Get a bank account for your BVI Limited Company. Otonomos assists with bank account openings for entities managed by Otonomos. Our team will handle all the paperwork and communication with the bank to ensure the account gets opened in a timely manner. Banks we can open accounts for:
Turkish International Bank
Oro Bank:
Other Banking options
The United States hosts a range of crypto-friendly banks that readily open accounts for offshore entities, particularly for funds and asset holdings. An important advantage is that assets held by a non-U.S. entity in a U.S. bank account are typically considered foreign for U.S. tax purposes, with few exceptions. Moreover, the U.S. doesn't automatically exchange information on the foreign owners of U.S. bank accounts, offering enhanced privacy. Our comprehensive service assists you throughout the entire bank account opening process, encompassing document gathering, completing and submitting the bank's application on your behalf, and engaging with the bank's representatives. If necessary, we also facilitate meetings. Please note that, in some rare cases, opening a bank account may require threshold members or shareholders (with over 10% ownership) based abroad to travel to the United States for an in-person meeting with a bank representative. The U.S. also does not automatically exchange information on the foreign owners of U.S. bank accounts. We help with the full bank account opening process, including all document gathering, completing and submitting the bank's application on your behalf, liaising with the bank's representatives and setting up a meeting if required.
NOTE: Bank account opening may require the threshold Members/Shareholders (>10% ownership) if based abroad to travel to the United States to meet with a bank representative.
Our Fundraising Guidance service is designed to help you navigate the complexities of preparing your Fundraise through an instrument like a Simple Agreement for Future Tokens or equity (SAFT(E)).
We offer you a comprehensive SAFT(E) template, expertly guide you through its mechanics, and provide invaluable insights into potential pitfalls to watch out for.
With our support, you can confidently present an investor-ready SAFT(E), ensuring that you're well-prepared for successful token or equity offerings and investment opportunities.
You benefit from negotiated rates with local counsel we work with. Our role is to introduce your project and choreograph all parties involved.
Please note that this is an initial retainer to get started. Legal Opinions for onboarding to exchanges will result in a higher cost.
Spend dedicated time with our founder, Han, and tap into the collective wisdom of Otonomos. Drawing on experience across multiple jurisdictions and hundreds of entity formations, we help you evaluate structure, strategy, and geography to determine the optimal setup for your goals whether for asset protection, fundraising, or operational scalability.