ARTICLE · 20 OCTOBER 2016

Dissolution Of A British Virgin Islands Company

Carey Olsen

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When a solvent BVI company's purpose comes to an end, the directors or members of the company will often seek to dissolve the company.

British Virgin IslandsWealth Management

Carey Olsen

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When a solvent BVI company's purpose comes to an end, the directors or members of the company will often seek to dissolve the company.

There are two ways to dissolve a solvent company incorporated in the BVI:

complete the solvent voluntary liquidation process prescribed by the BVI Business Companies Act (as amended) (the "Act") with dissolution occurring immediately thereafter; or
allow the company to be administratively struck off the register of companies (the "Register") by the BVI Registrar of Corporate Affairs (the "Registrar") with dissolution occurring seven years after the date of strike off.

This article provides a summary on dissolution of a non-regulated solvent company in the BVI.

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