What is redomiciliation or continuation of a company?
Redomiciliation (also known as continuation) is the process by which a company transfers its place of incorporation from one jurisdiction to another, without undergoing liquidation or affecting its legal identity
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.
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
Can companies redomicile into or out of the BVI?
Yes. The BVI Business Companies Act, 2004 permits both inward and outward continuation, subject to compliance with the requirements of the BVI and the foreign jurisdiction.
