What it takes to obtain Investment business (SIBA), VASP registration in British Virgin Islands: the regulator, minimum capital, local substance, typical timeline and how hard it is to open a corporate bank account, based on regulator publications as of October 2026.

Lower capital and costs, but banks and counterparties may scrutinise offshore licensees closely. Real management and compliance are essential.

FATF grey list

Key facts (October 2026)

Capital and fees are taken from regulators' rules and publications (October 2026), in local currency, and are confirmed case by case before applying.

What to consider

• Grey-listed by the FATF since June 2025 (still listed in June 2026) and on the EU AML high-risk list since January 2026.
• SIBA dealing licence fees are low (US$2,200 application, US$3,300 a year); an exchange VASP pays US$25,000 a year.

FAQ

What is the minimum capital for a financial licence in British Virgin Islands?

Set in the Regulatory Code (varies by activity). Requirements can rise with the activities and size of the business.

How long does licensing take in British Virgin Islands?

No official processing time. Missing documents extend the timeline, so preparation matters.

Do I need staff or an office in British Virgin Islands?

2+ directors and an approved local representative. Nominee-only structures are not accepted; real management and compliance are expected.

Can I open a corporate bank account in British Virgin Islands?

Grey-listing triggers enhanced due diligence at banks and EMIs. We recommend preparing banking in parallel with the licence application.

Other options in Offshore centres