A special purpose vehicle (SPV) is a company set up for a specific purpose, structured in a manner that benefits a parent company. In order to open an SPV company in BVI, investors need to follow the local incorporation procedures, along with any regulations that apply to the types of activities the SPV will be involved in.
Our team specializes in British Virgin Islands company formation and can assist investors who are interested in opening and structuring a special purpose vehicle in this jurisdiction. The special purpose vehicle can be structured in different ways, and used for different purposes, chief amongst which being asset securitization.
The process needed for BVI company incorporation is one that has been streamlined and can be aided by our local team. In fact, reaching out to our specialists is advisable, especially when investors cannot be present in the Islands during the entire incorporation process.
Several types of companies are available for incorporation in the British Virgin Islands. Working with a registered agent is a requirement when opening legal entities in this jurisdiction and, as part of the general incorporation process, our team offers this service to investors who wish to open an SPV company in BVI.
Below, we briefly outline the types of legal entities available for incorporation:
Once investors choose the business form, our team can assist with structuring the special purpose vehicle.
The following steps are essential for opening a company in the British Virgin Islands. Please note that the ones described below apply for a BVI business company:
These steps are relevant to investors willing to open an SPV company in BVI, structured as a BVI business company. In terms of taxation and compliance for the new business, the following are relevant:
In addition to these requirements, BVI entities can also have reporting obligations concerning FATCA. Our team can give you details as needed.
Contact us if you have any questions about how to open an SPV company in BVI and require assistance during this process.