Jordans Trust Company blog

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Entries with tag bvi company formation .

I no longer need my BVI company: Strike Off or Liquidation

25 Mar 2015
I no longer need my BVI company: Strike Off or Liquidation?   BVI companies are often transactional, and there comes a point in time when the com¬pany is not needed any more.    When you no longer require your BVI company you have two options:    1. The company can be left to be struck off – strike off is automatic and free of charge. The... Read More AboutI no longer need my BVI company: Strike Off or Liquidation »

By Amy Roost

BVI - Licence fees, penalties and strike off – timeline

06 Mar 2015
As we raise our 2015 annual invoices, I thought it would be timely to briefly remind you how the licence fee system works in the BVI. Licence fees in the BVI are payable on a calendar year basis. The due date for these licence fees is determined by the date of incorporation of the company as follows:  Licence fees for companies incorporated January to June are due... Read More AboutBVI - Licence fees, penalties and strike off – timeline »

By Amy Roost

Five reasons to use VISTA Trusts

13 Feb 2015
A trust is based on the separation of the legal ownership of trust assets (which is left with the trustees) with the beneficial or equitable ownership (which remains with the beneficiaries).  The general administration of the trust is conducted by the trustee and not the settlor or the beneficiaries. The main characteristic of a VISTA trust is that the general administration... Read More AboutFive reasons to use VISTA Trusts »

By Carolina Lacerda

BVI Registry issues certificates of good standing electronically

16 Dec 2014
In response to pressures for speed and efficiency the BVI Registry of Corporate Affairs has announced that it will be issuing certificates of good standing electronically, effective 8 December 2014. PDF Certificates will generally be available on a same business day basis (BVI time). For the remainder of December and January 2015 clients will receive both electronic and hard copy... Read More AboutBVI Registry issues certificates of good standing electronically »

By Amy Roost

Succession planning in British Virgin Islands: the use of reserve directors

24 Oct 2014
The concept of reserve directors is extremely useful when considering succession planning in the BVI. The legislation of the BVI allows for a single person company to be incorporated. That is, one individual (the “Investor”) can be both the sole director and the sole member of a company. While this flexibility is very helpful for the running and administration of the company, it can... Read More AboutSuccession planning in British Virgin Islands: the use of reserve directors »

By Philip Jacques

BVI: Anti-money Laundering National Risk Assessment

30 Jul 2014
The BVI is scheduled to undergo its Fourth Round of Mutual Evaluation by the Caribbean Financial Action Task Force (CFATF) in 2017 based on the Financial Action Task Force’s (FATF) International Standard on Combating Money Laundering and the Financing of Terrorism and Proliferation. Each member country of the FATF and its associated regional bodies are now required to ensure that they... Read More AboutBVI: Anti-money Laundering National Risk Assessment »

By Philip Jacques
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