This publication has been prepared for the assistance of those who are considering the process of transfer by way of continuation to the British Virgin Islands (the “BVIʺ) of certain types of Barbados companies. It deals in broad terms with the requirements of BVI Companies Law for the process of transfer by way of continuation and the requirements of Barbados Companies Law for the process of discontinuance. It is not intended to be exhaustive but merely to provide brief details and an outline of the relevant rules.
The information regarding the laws in Barbados and the effect of such laws has been provided to us. We have made no investigation of and express no opinion in relation to the laws of any jurisdiction other than the BVI. In particular, Conyers Dill & Pearman does not advise on the laws of Barbados and this document must not be construed as advice on the laws of Barbados.
Before proceeding with any steps in the process of transfer by continuation in the BVI, clients are advised to consider the implications in Barbados and to consult with other professional advisers as appropriate. We also recommend that our clients seek legal advice in BVI on their specific proposals before taking steps to implement them. Conyers Dill & Pearman would be pleased to assist.