Voluntary Liquidations For First Half Year Companies

It is time to start planning the liquidation of those entities that have reached the end of their life cycle, to ensure that unnecessary Registry fees are not incurred.

As annual British Virgin Islands ("BVI") Registry fees are now payable for those BVI companies that were incorporated or registered in the first half of the year, it is time to start planning the liquidation of those entities that have reached the end of their life cycle, to ensure that unnecessary Registry fees are not incurred.

To prevent the expense of annual 2020 government registration fees, an appointed voluntary liquidator will be required to file the final notice for a company on or before 29 May 2020. To meet this deadline, we recommend that the voluntary liquidation commence prior to 15 April 2020.