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.

Does the company need a registered agent and office in the BVI?

Yes. A company continuing into the BVI must appoint a BVI-licensed registered agent and establish a registered office in the BVI.

What are the requirements for a company to continue into the BVI?

Key requirements include:

Approval by the foreign jurisdiction for continuation out

Filing of an application with the BVI Registrar of Corporate Affairs

Submission of documents such as a certified charter, director/shareholder resolutions, and legal opinion from the foreign jurisdiction

Payment of BVI government fees

Can a BVI company be re-domiciled to or from another jurisdiction?

Redomiciliation of companies into and out of the British Virgin Islands is permitted, subject to compliance with applicable local regulations