Virgin Islands Amendment of Articles to Expand Indemnification of Agents
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How to fill out Amendment Of Articles To Expand Indemnification Of Agents?
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FAQ
BVI Registered Agent Duties The registered address is the legal address of your BVI company, The Registered Agent is responsible for safe custody and maintaining of the Memorandum and Articles of Association, the Register of Members, the Register of Directors, copies of Resolutions, notices and filings.
Registered Agent Fees: Every BVI company must have a registered agent responsible for maintaining its records and ensuring it complies with the relevant laws and regulations. The fees charged by registered agents vary, but you can expect to pay around $500-USD 1,000 per year.
Somewhere between a mailbox, company secretary and compliance gatekeeper, the RA is the only entity able to make most filings with the BVI's registrar of corporate affairs (the Registrar), the usual keeper of the company's statutory registers and, from a regulatory standpoint, a key player in the BVI's anti-money ...
The key features of a BVI Company Registration are: Company Incorporated within 48 hours (subject to compliance review) Only 1 director and 1 shareholder are required in a BVI Company Formation, the director and shareholder can be the same person. You do not need to be resident in BVI to be a director or shareholder.
In most contracts, an indemnification clause serves to compensate a party for harm or loss arising in connection with the other party's actions or failure to act. The intent is to shift liability away from one party, and on to the indemnifying party.