What law governs commercial contracts in the BVI?

The law governing commercial contracts in the British Virgin Islands is primarily derived from English common law, encompassing established principles such as offer, acceptance, consideration, intention, and capacity. There is no overarching commercial code in the jurisdiction.

How do I check a BVI company’s legal status before contracting?

To verify the legal status of a BVI company prior to entering into contractual arrangements, it is advisable to request a Certificate of Good Standing or conduct a search of the public register. This process will confirm:

The company’s existence and registration

It's in good standing with the Registrar

The details of its registered agent and registered office

Is there a requirement for contracts to be governed by BVI law?

There is no legal requirement for contracts to be governed by BVI law. Parties may freely choose the applicable law for their contracts—including, for instance, English law or New York law—and BVI courts will generally respect the parties’ choice of law, provided it does not contravene public policy.