To open a recruitment company in BVI investors will follow a few basic principles and will start their activities accordingly. Operating a new business is also subject to obtaining a trade license and following the main reporting requirements.
Our team can help you with BVI company incorporation for a business that will offer recruitment and other HR outsourcing services for local and international companies.
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Examples of recruitment services in the British Virgin Islands
A recruitment agency offers services directly related to the selection of employees, but a firm that provides comprehensive human resources solutions can also focus on the following:
- Talen acquisition: identifying and selecting the most suitable and skilled candidates, according to the requirements of the job description; This is an activity on which investors focus when they open a recruitment company in BVI;
- Employment documentation: drafting the employment agreement and preparing any other documents related to the employment process;
- Onboarding solutions: familiarising the new employee with the organization; it includes, but is not limited to, the orientation process;
- Executive employment: solutions tailored for those BVI companies looking to fill leadership positions.
Investors who open a recruitment company in BVI can offer a combination of the services above or all of these.
Some of the reasons why a BVI company chooses to work with a local recruitment agency in the BVI include cost and time savings and access to a pool of highly skilled candidates.
Additionally, a recruitment company will engage in the recruitment process as per the British Virgin Islands’ Labour Code, which takes into account local provisions as well as international standards. Those interested in knowing more about this act can reach out to our lawyers in BVI.
Company formation in the BVI for investors who open a recruitment agency
Entrepreneurs who open a recruitment company in BVI follow the basic steps for company registration in this country. A key requirement for company creation is the involvement of a registered agent. A BVI company cannot be registered without the assistance of one, therefore we invite investors to reach out to our team as soon as they decide to incorporate.
The following basic steps are relevant for the formation of a BVI business company, a business form that can be used to open a recruitment company in BVI:
- Reserve a company name: the trade name can be different from the brand name;
- Provide essential information about the founders: this means disclosing information about the beneficial owners;
- Prepare the documents: these are the company’s Articles and Association and other relevant documents;
- Register the business: the BVI company formation process is complete when the company is included in the Register of Companies.
Statistics on company creation in the British Virgin Islands
Investors are interested in BVI company formation, including the option to open a recruitment company in BVI, because of the tax exemption regime applicable in this country.
The number of company incorporations increased on a quarterly basis in 2024, as revealed by the following statistics issued by the Financial Services Commission:
- in Q2 2024 there were 6,864 company creations;
- during the first quarter of the year, a number of 6,142 companies were registered;
- the total number of business companies registered at the end of June 2024 was 358,592.
If you want to open a recruitment company in BVI and need more details, please contact our team for assistance.