BVI Banking System

The British Virgin Islands (shortly BVI) is an oversea territory of the timeed Kingdom. Its model for international business companies is the first one in the world, which is then followed by many offshore jurisdictions seeking to enhance their international financial services.

The enactment of Financial Services Commission Act in 2001 established BVI Financial Services Commission, an autonomous regulatory body for overseeing BVI financial system including banking, insurance, investment, trustee…

Due to BVI strict control over bank licensing, today, there are only 6 commercial banks and 1 restricted licensed bank in BVI. One of them is fully owned by the government originally providing funds to local farmers and fishermen. Other banks concentrate on private banking and asset management. When it comes to offshore banking for corporates, the only one worth noting is FirstCaribbean International Bank.

Like other offshore banks, one of the main advantages of opening a BVI bank account for businesses is that no personal visit is required.


Open a Bank Account for BVI Company

Note: Our banking support fee does not include the fee for bank account application or any other required fee (if any) chargeable by the bank you choose to apply.

Order Banking Support Separately


* This fee is only for customers who have already used our company formation service

Order Package that Includes Banking Support


Save US$99 when ordering Standard or Premium Package

What Included in Our Fee

  • Consultancy on bank options that are most suitable for your business
  • Consultancy and review on the process of application and required documents
  • Support in preparing certified documents when needed such as Certificate of Incumbency and Courier hard copy to the bank
  • Appointment arrangement with banks
  • Answering all of your banking-related questions if possible

Why Our Service is Unique

  • One-time fee for multiple bank applications with premium package (if you fail to open bank account in one bank, we continue to assist you on applying for other banks, without extra charge)
  • The most competitive price that you can find
  • The ability to open a bank account for BVI company remotely without traveling
  • The ability to open legitimate virtual bank account
  • Beyond 12 years of experience with a broad international banking network
  • Relentless support with fast responsiveness even on weekends
  • Keeping customers always updated with the applying processes

Need more references? Here is a Banking Tool to make your decision easier!

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Required Documents

The below lines will give you a reference on general required documents to open a company bank account in BVI. However, each bank might require other additional documents on a case-by-case basis.
  • Bank account application forms
  • Bank statements
  • Bank reference letter
  • Certified copies of passports, address proofs of all directors/shareholders
  • Business plan
  • Business trading proofs (sales/purchase orders, invoice…)
  • Certified copies of BVI company documents
  • Government certification of company good standing status.

Please contact us to know the exact documents needed for your case.

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