A BVI certificate of Good Standing is a requirement by financial institutions globally for a BVI company to open an account. In most cases, we will advise new clients to purchase the certificate of Good Standing as they can open bank accounts within the first 6 months of incorporation. For a certificate of Good Standing to be acceptable by financial institutions, it must not be more than 6 months old in most of the cases. You may need to make this purchase if you are opening a bank account and your certificate of incumbency is dated more than 6 months ago.
The Certificate of Good Standing contains the following information: