178 results found

In addition to being the world's leading international finance centre in which to set up companies, the BVI is now regarded as one of the world's premier trust jurisdictions.

An overview of the various investment fund vehicles available in the British Virgin Islands.

The Financial Services (Exemptions) Regulations, 2007 came into effect on 1 August 2007. The Regulations exempt British Virgin Islands ("BVI") companies from obtaining trust licences under the BVI's Banks and Trust Companies Act, 1990 (as amended) (the "BTCA") if they satisfy certain conditions.

The trust has always been regarded as one of the best "succession vehicles," but its use to cater for the succession of shares in companies has historically been impeded by a rule of English trust law (the "prudent man of business rule") which is designed to help preserve the value of trust investments.

This memorandum has been prepared for the assistance of clients considering creating a trust in the British Virgin Islands. It is intended to provide a summary of the main legal requirements...

Under the BVI Business Companies Act 2004 ("BVI BC Act"), a company limited by shares may be incorporated or, if it has already been incorporated, be registered by the Registrar as a segregated portfolio company ("SPC") provided that the Financial Services Commission (the "Commission") has given its written approval and provided that the company:

This memorandum has been prepared for the assistance of clients considering creating a trust in the British Virgin Islands. It is intended to provide a summary of the main legal requirements and general principles applicable to the establishment and administration of trusts.

In the British Virgin Islands, what pre-entry estate and gift tax planning can be undertaken? There are no estate or gift taxes in the British Virgin Islands.

The decision as to where to establish an offshore trust can only be made based on the specific requirements of the client.

The Insolvency Act 2003 is the BVI’s all-encompasses insolvency law that deals with both companies and individuals, although none these guides will deal with bankruptcy and issues relating to individuals. As its name suggests, the Act only deals with regimes for insolvencies such as the liquidation of insolvent companies, and regimes for solvent companies are outside its scope. Thus, voluntary liquidations of solvent companies continue to be governed by the Companies Act.

The Insolvency Act 2003 is the BVI’s all-encompasses insolvency law that deals with both companies and individuals, although none these guides will deal with bankruptcy and issues relating to individuals. As its name suggests, the Act only deals with regimes for insolvencies such as the liquidation of insolvent companies, and regimes for solvent companies are outside its scope. Thus, voluntary liquidations of solvent companies continue to be governed by the Companies Act.