What types of companies can redomicile into the BVI?
Generally, most types of foreign companies can redomicile into the BVI if their home jurisdiction allows continuation out and they are not subject to liquidation, insolvency, or winding up proceedings.
When should a company consider a solvent liquidation?
A company should consider a solvent liquidation when it has accomplished its intended objectives or is no longer required, and all debts and obligations can be settled in full. Typical scenarios include group restructuring, retirement of business activities, or distribution of assets to shareholders.
When should a shareholder agreement be signed?
Ideally, a shareholder agreement should be executed at the time of incorporation or prior to the issuance of equity to new shareholders.
Who appoints the liquidator in a solvent liquidation?
The liquidator in a solvent liquidation is appointed by the shareholders through the passage of a special resolution at a duly convened general meeting.
Why would a company choose to redomicile to the BVI?
Common reasons include:
Tax neutrality (no corporate income tax)
Political and economic stability
Flexible corporate law
Investor familiarity with BVI structures
Ease of doing business
What happens to the company’s assets, liabilities, and contracts?
They remain unaffected. The legal identity of the company remains the same; only its place of incorporation changes.
What is a Registered Agent, and is one required?
A Registered Agent is a BVI-licensed service provider responsible for incorporation and ongoing compliance matters. Appointment of a Registered Agent is mandatory for all BVI Business Companies.
What is a joint venture (JV)?
A joint venture is a formal business arrangement in which two or more parties combine their resources to pursue a specific project or commercial activity. Participants share in the control, risks, and rewards associated with the venture.
What is a merger?
A merger refers to the legal unification of two or more companies into a single corporate entity. In most cases, one company emerges as the surviving entity, absorbing the others. Alternatively, the process may result in a consolidation, whereby a new entity is established and the original companies are dissolved.
What is a shareholder agreement?
A shareholder agreement is a formal legal contract entered into by a company's shareholders, setting out their respective rights, duties, and obligations, as well as provisions governing the management and operation of the company.
