In general, can take from 4 weeks to 4 months. Once the application is submitted to the Regulating authority, they will decide on the required capital, usually it is in the range of , Thomas, U. Virgin Islands. BVI offers a well established framework for companies willing to provide financial services.
Applying for a License | British Virgin Islands Financial Services Commission
The Order form is fairly simple, and it contains comments on all important points. If you do not wish to send your order over internet, please download the Order Form from our Downloads section, complete and send it to us by e-mail or fax. If you are choosing a shelf company from our ready-made list, the same Order Form should be filled. This is because a shelf company normally has an "open" configuration, which is only finalized according to a clients' order.
Pursuant to the Securities and Investment Business Act, "SIBA" and the Mutual Funds Regulations, , all BVI private, professional and public funds "Funds" and all BVI investment business licence holders "Licensees" are required to appoint, and at all times have, an auditor for the purposes of auditing their financial statements, unless expressly exempted from this requirement. All Funds and Licensees are required to submit a copy of their audited financial statements to the Financial Services Commission the "Commission" within six months of the end of each financial year. Funds and Licensees with a financial year ending on 31 December are therefore required to submit their audited financial statements for the financial year to the Commission on or before 30 June
The islands are geographically part of the Virgin Islands archipelago and are located in the Leeward Islands of the Lesser Antilles. The islands had a population of about 28, at the Census, of whom approximately 23, lived on Tortola;  current estimates put the population at 35, July Although the territory is not part of the European Union and not directly subject to EU law, British Virgin Islanders are deemed to be citizens of the EU by virtue of their British citizenship.