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BVI companies must select a unique corporate name that is not similar to already existing corporation names. A company name must have one of the following suffixes: ?Limited?, ?Corporation?, ?Incorporated?, ?Societe Anonyme?, or ?Sociedad Anonima? or the abbreviations ?Ltd.?, ?Corp.?, ?S.A.? or ?Inc?
The BVI Business Companies Act (No 16 of 2004) is the principal statute of the British Virgin Islands relating to British Virgin Islands company law, regulating both offshore companies and local companies.
The law of the British Virgin Islands is a combination of common law and statute, and is based heavily upon English law. Law in the British Virgin Islands tends to be a combination of the very old and the very new.
The BVI Business Companies (Amendment) Act, 2015 and the BVI Business Companies (Amendment) Act 2016 (the ?Amending Acts?) were recently gazetted in the Official Gazette of the British Virgin Islands (?BVI?) and introduce amendments to the BVI Business Companies Act, 2004 (the ?Act?) to provide further flexibility and ...
BVI Business Companies (Amendment) Act, 2006 The Act clarifies that where a BVI Business Company enters into voluntary liquidation, the liquidator is not required to file a copy of the statement of the company's assets and liabilities with the Registrar of Corporate Affairs.
The British Virgin Islands (BVI) is a leading offshore financial centre, providing robust yet flexible corporate structures within a politically safe and low cost jurisdiction.
What is the process to transfer shares in a BVI company? Shares in a BVI company are transferred by a written instrument of transfer, which must be signed by the transferor and contain the name and address of the transferee. The executed instrument of transfer should be sent to the company for registration.
For BVI company authorized to issue no more than 50,000 shares, the incorporation fee is US$550. For BVI company BCs authorized to issue more than 50,000 shares, the incorporation fee is US$1,350. The fee for registered agent are typically around US$500 to US$1,000 per year.