This publication has been prepared for the assistance of those who are considering the operation of companies in the British Virgin Islands (“BVI”). It deals in broad terms detailing certain continuing requirements of the BVI Business Companies Act and is not intended to be exhaustive but merely to provide brief details and information which we hope will be of use to our clients. We recommend that our clients and prospective clients seek legal advice in the BVI on their specific proposals before taking steps to implement them.
Before proceeding with the incorporation of a company in the BVI, persons are advised to consult their tax, legal and other professional advisers in their respective jurisdictions.
Persons considering establishing companies to carry on insurance or mutual fund business should request separate publications prepared by this Firm on these topics.
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Continuing Requirements of the Business Companies Act of the British Virgin Islands