A BVI company can be formed within three weeks at a competitive price that is still relatively inexpensive compared to other premium offshore jurisdictions. The BVI’s anti-money laundering (AML) laws do mandate that customer due diligence (in line with the FATF Recommendations) be obtained on directors, shareholders and ultimate beneficial owners of a BVI company; the practical speed of forming a BVI company will mostly be linked to the client’s ability to satisfy customer due diligence requirements.