What you get
A genuine US account. No US entity required.
Why British Virgin Islands companies come to us
- BVI-domiciled banks (CIBC FirstCaribbean, VP Bank) do not accept US or Canadian account signatories due to FATCA compliance costs
- BVI's offshore reputation triggers automatic enhanced due diligence or outright rejection at most US and European banks
- Mercury listed BVI as an allowed jurisdiction, but post-2024 compliance tightening has made onboarding unreliable for BVI structures
- Brex categorically refuses non-US incorporated entities including BVI
- BVI companies used as pure holding structures (no employees, no trading activity) are rejected as 'shell companies' by most fintech providers
Frequently asked
Can a British Virgin Islands BVI Company open a USD bank account without a US entity?
Yes. Hollis & Co. provides USD business banking directly to British Virgin Islands-incorporated companies. No US LLC or C-Corp is required. You receive a genuine US account number and routing number, full ACH and Fedwire access, and FDIC-insured deposits
Why can't my British Virgin Islands company use Mercury or Brex?
Mercury requires a US-registered entity and excludes founders from 36+ countries. Brex explicitly prohibits all companies incorporated outside the United States. Neither is available to British Virgin Islands-incorporated entities. Hollis & Co. is purpose-built for international companies like yours.
Are deposits FDIC insured?
Yes. All deposits are FDIC-insured up to $250,000 per depositor.
What documents do I need to open an account?
Typically: certificate of incorporation, register of directors and shareholders, government-issued ID for all beneficial owners, and proof of address. We will guide you through the full document checklist during onboarding.
Compliance & regulatory
Hollis & Co. supports British Virgin Islands companies navigating FATCA, CRS, AML/KYC, and beneficial ownership requirements. Our compliance team works with you to ensure your account opening documentation meets all applicable standards.
- BVI company FATCA CRS compliant USD account
- BVI IBC certificate of good standing USD banking
- BVI UBO register USD account opening
- British Virgin Islands company FSC registered USD account
- BVI company economic substance regulations banking