Restricted Purpose Company formation costs in British Virgin Islands
Government filing from $7,500 · annual maintenance from $7,500
Last verified: June 13, 2026
View full entity guide →Model net profit with tax simulator →
Cost summary
State Filing
$7,500
one-time
Mandatory Annual Fee
$7,500
per year
First-Year Total
$10,000
incl. required services
Annual Ongoing
$9,500
from year 2
Cost Breakdown
Detailed breakdown of formation and ongoing costs
| Item | Type | Amount |
|---|---|---|
| Initial government registration fee | One-time | $7,500 |
| Registered agent & office fee | Annual | $1,500 |
| Compliance & KYC onboarding | One-time | $500 |
| Annual government renewal fee (starts year 2) | Annual | $7,500 |
| Economic substance & BOSS filing | Annual | $500 |
| First year total | $10,000 | |
| Annual ongoing | $9,500 | |
Calculate for your scenario
Personalize the total by toggling optional services, expedited filing, and the projection period.
Restricted Purpose Company cost FAQ
How much does it cost to form a Restricted Purpose Company?
The government filing fee starts at $7,500. Including required services, expect a first-year total of about $10,000.
What are the annual costs of a Restricted Purpose Company?
The mandatory state/annual fee starts at $7,500. With recurring services like a registered agent, total ongoing costs are about $9,500 per year.
How long does Restricted Purpose Company formation take?
Standard processing takes 3-5 business days. Expedited processing (1-2 business days for an extra $500) is available.
Is a registered address required in British Virgin Islands?
Yes. Typical cost: $500 - $1,500 per year (typically bundled with Registered Agent fees). Virtual offices are allowed.
Is there a minimum capital requirement for a Restricted Purpose Company?
No, there is no minimum capital requirement. There is no statutory minimum paid-up capital requirement for a BVI Restricted Purpose Company.
Can I form a Restricted Purpose Company remotely?
Yes, no local director is required. Directors can be of any nationality and reside anywhere. Corporate directors are also permitted.
Related pages
Complete Restricted Purpose Company formation guide
Taxes, requirements, banking, and step-by-step setup
Company Limited by Shares costs
Filing $550 · annual $550
Company Limited by Guarantee costs
Filing $550 · annual $550
Company Limited by Guarantee with Shares costs
Filing $550 · annual $550
Unlimited Company costs
Filing $550 · annual $550
Unlimited Company with Shares costs
Filing $550 · annual $550
Segregated Portfolio Company costs
Filing $1,500 · annual $1,500
Limited Partnership costs
Filing $750 · annual $750
Micro Business Company costs
Filing $100 · annual $100
Tax simulator
Model your net profit with Restricted Purpose Company
Estimates based on guide data and typical market rates. Actual costs vary by provider and circumstances.