Q&A For Solvent Voluntary Liquidations For BVI Companies

 This is a short guide to solvent voluntary liquidations of companies incorporated in the British Virgin Islands. It is not intended as a substitute for full legal advice but more as an aide memoire to the procedures involved.

Why is the company being put into solvent voluntary liquidation/being "wound up"?

A BVI company generally has no limit on its duration. However, like all good things, a company may come to the end of its useful life. This may be because the assets it held have been transferred out or sold or recent changes to a relevant tax regime have triggered a need to restructure the way in which assets are held.

What should the directors/shareholders of the Company do next?