Virgin Islands Plan of Liquidation
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How to fill out Plan Of Liquidation?
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FAQ
Liquidation Its directors must make a declaration of solvency. ... Its directors must approve a liquidation plan. Its members must appoint liquidator(s). ... It must give the liquidator accounting records and underlying documentation for the past five years.
An application for a Scheme may be made to the Court by the company or a creditor, member, administrator or liquidator of the company. The arrangement or compromise must be proposed between a company and its creditors or members, or a class of either.
Closing a BVI Company ? BVI Company Dissolution BVI Company Dissolution feesBVI Registry discontinue feeUS$250BVI Agent and Liquidator£2000Economic Substance filing: (mandatory)£450Disbursements to make the filings on VIRRGIN and publish statutory adverts in the BVIUS$4703 more rows
The British Virgin Islands (BVI) is the second largest offshore jurisdiction for hedge funds globally and a prominent and flourishing jurisdiction for establishing offshore investment funds, generally.
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.
A BVI company number name will be in the form ?BVI Company Number 12345? with the selected ending, such as ?Limited? or ?Ltd.?. The BVI company number name can, of course, be changed to another name at any time. However, it is never possible for a company to change its number.
The directors can approve a plan of arrangement (a ?Plan?), if they determine that doing so is in the best interests of the company or its Interested Parties. Once the Plan has been approved by the directors, the company must apply to the Court for it to approve the proposed Plan.
Changes to BVI Business Companies Act, 2023 Amendments - Filing an Annual Return. Effective 1 January 2023, all companies incorporated or registered in the BVI ("Companies") are required to file a financial return (an "Annual Return") with their Registered Agent each year.