BVI (British Virgin Island) company register is an essential part of any business, which comes with the intention to form a company in the British Virgin islands. This is one very special company incorporation act, which also comes with a set of rules and regulations. British Virgin Islands are now becoming more popular business place and it is also known as one very prominent offshore financial center. As per the rules and regulation of this act, companies are restricted by a considerable amount of corporate benefit. The size of the company and its business volume is also defined by BVI company register law, as well.

According to this company incorporation act, the company must stay limited within some certain number or amount of shares. Again, there must have some guarantee on the authorized share capital, as well. There are some unlimited companies, who are also willing to register as per the rules and regulations of the BVI Company register. As like as some other company incorporation act, BVI Company register also makes it compulsory to have a registered agent, and there is no exception of this rule. The primary responsibilities of this corporate agent are to appoint and assign the first director and those agents are also responsible for incorporating the company.

It is not possible to form a company according to the BVI company register act without having a physical address. That address must also need to be registered. There is a flexibility that, the company can change its registered address at any given time, with proper notification to the responsible authority in a timely manner.  The article of association and the memorandum of the company must also be registered by the registered agent, as well. After fulfilling all these primary requirements, the company will get a unique registration number and also enlisted as one of the registered company.

A company may have more than one director, but the first director of the company must be appointed within a time-frame of six months, once it is registered. The company is also obliged to come up with a proper annual audit report, which is a must as per the rule of the BVI company registration act. Conducting the AGM (Annual General Meeting) is another compulsory part of this registration process, and the company must come up with a set of required documents along with the annual audit report in the AGM.