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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.

Companies are incorporated in the British Virgin Islands under the BVI Business Companies Act, 2004 (the “Act”) by the filing of Memorandum and Articles of Association with the Registrar of Corporate Affairs.

The Amendments incorporate a number of significant changes to the BVI Business Companies Act (as amended, the BCA) and accompanying BVI Business Companies Regulations (as amended, the Regulations).

Long gone are the days of offshore incorporation where corporate ownership could be concealed through the simple device of a bearer share company,

The world has witnessed the failure of several banks over the past months, starting with Silicon Valley Bank and Signature Bank in the United States...

Since opening its doors for business 15 years ago, the BVI Commercial Court has played a central part in the continued growth and development of the BVI as an international financial centre.

With the 4 October deadline approaching to initiate the liquidation of a company in the British Virgin Islands (BVI), you need to act now. Read on for a guide from our expert.

BVI updates its beneficial ownership regime in 2025, requiring companies and partnerships to file up-to-date ownership information with the Registrar.

This update considers the practical consequences for existing BVI companies and limited partnerships which have not yet submitted their filings and actions they should now be taking.

Corporate guarantees are perhaps more common in the British Virgin Islands ("BVI") than in other jurisdictions given the accommodating nature of the statutory environment in which BVI companies operate.

Introduction The British Virgin Islands (BVI) has introduced sweeping changes to its corporate legislation through the BVI Business Companies (Amendment) Act 2024, effective from 2 January 2025.

In a recent decision, the Eastern Caribbean Supreme Courts' Court of Appeal reaffirmed the statutory rights of directors under the BVI Business Companies Act, 2004...

The rules surrounding BVI company restorations were changed significantly by the introduction of the BVI Business Companies (Amendment) Act 2022...

Restoration applications are nothing new in the BVI. With hundreds of thousands of active companies and many more struck off due to administrative oversight...

A BVI Court of Appeal decision clarifies the threshold for obtaining leave to bring derivative claims, examining whether directors' indemnity provisions in company articles can shield against shareholder derivative actions. The judgment addresses critical questions about the scope of statutory indemnities, the evidentiary burden required for fraud allegations, and whether shadow directors fall within BVI's statutory definition.

One way in which BVI companies remain relevant and popular is as a vehicle for taking a company or group public on a stock market

Following the economic substance reforms that took effect in the BVI from the start of 2019, most BVI companies have until the end of December 2020 to submit their first economic substance report.