BVI Business Companies are the simplest holding structure Hollis serves — one entity type and minimal formation complexity, making them a common choice for founders and fund managers who need a holding vehicle stood up and banked cleanly. Because the British Virgin Islands is a FATF-monitored jurisdiction (listed among "jurisdictions under increased monitoring"), Hollis applies Enhanced Due Diligence to every BVI application — this means additional documentation and a 1-2 business day review window rather than same-day, but it also means the account that comes out the other side is built on a compliance foundation that holds up to scrutiny from day one. Hollis & Co, through its partnership with Column N.A., built the BVI review path to move as quickly as thorough compliance allows.
British Virgin Islands — Enhanced KYC jurisdiction. Review time: 1–2 business days.
The British Virgin Islands is FATF-monitored (jurisdictions under increased monitoring). Enhanced Due Diligence (EDD) applies to all BVI-incorporated entities.
Economic substance rules do not apply to British Virgin Islands Business Companies used for holding/investment purposes.
All documents must be accompanied by the EDD questionnaire and passport of all UBOs.
Entity Types
Review Time
Required Documents
Fees
Setup fee
$750
Annual fee
$750
Domestic wire
$20
SWIFT wire
$30
FX spread
+0.75%
Incoming wires
Free
Annual maintenance fee waived if your account maintains an average daily balance of $250,000 or greater across the 365 days prior to your renewal date.