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This document serves as an application for the re-registration of a company under the BVI Business Companies Act, providing specific details such as company number, proposed name, agent information,
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How to fill out application for re-registration as
How to fill out APPLICATION FOR RE-REGISTRATION AS A BVI BUSINESS COMPANY
01
Obtain the APPLICATION FOR RE-REGISTRATION AS A BVI BUSINESS COMPANY form from the appropriate authority.
02
Fill in the company name as it appears in the register.
03
Provide the current registered office address of the company.
04
Include the details of the directors and secretary as required.
05
Indicate the share capital and the details of the shares.
06
Ensure that all information is accurate and up-to-date.
07
Sign and date the application form where indicated.
08
Submit the completed form along with any required fees to the Registrar of Corporate Affairs.
Who needs APPLICATION FOR RE-REGISTRATION AS A BVI BUSINESS COMPANY?
01
Businesses that were previously registered in the British Virgin Islands but need to update their status or re-register due to various reasons such as changes in structure or compliance.
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How do I restore my company?
You'll need to: deliver all documents necessary to bring the company up to date, for example, outstanding accounts. pay any outstanding fines, financial penalties or late filing penalties for the company or anyone who will be a director when the company is restored. apply for a bona vacantia waiver, if you need one.
What is the annual return fee for BVI companies?
For simple BVI “holding companies”, our fees to prepare the annual return start at US$1,500. For more complicated companies with higher volumes of transactions, a bespoke pricing structure will be agreed with you in advance.
How to change BVI registered agent?
Transfer British Islands Registered Agent We send a written request to the current Registered Agent, asking them to resign and pass the administration of your company to our Registered Agent.
How much is the BVI company renewal fee?
BVI Company Annual Compliance For companies with a registered capital of not more than 50,000, the annual renewal fees for the second and subsequent years are USD950. For companies with a registered capital of more than 50,000 shares, the annual renewal fees for the second and subsequent years are USD1,850.
How to restore a BVI company?
An application has to be made within 5 years of the date of the company's dissolution. The restoration application is made by way of a Fixed Date Claim Form together with an affidavit of the claimant, exhibit and a draft Order. The affidavit should set out, inter alia: the purpose of the restoration; and.
How much does it cost to register a BVI company?
Key Changes to the BVI Business Companies Act Current FeeNew Fee Annual licence fees for up to 50,000 shares authorised $450 $550 Annual licence fee for more than 50,000 shares authorized $1,200 $1350 Annual licence fee for private trust companies $1,350 $1,500 Filing notice of intention to continue outside the Islands $2507 more rows
How to register a BVI company?
Step-by-Step Process to Register a BVI Company Step 1: Choose a Company Name. Must include Ltd, Inc, Corp, S.A., or similar endings. Step 2: Appoint a Registered Agent. Step 3: Prepare and Submit Documents. Step 4: Obtain a Business License. Step 5: Open a Bank Account.
What are the disadvantages of BVI companies?
BVI Company Formation Disadvantages Stricter Economic Substance Requirements. The BVI introduced the Economic Substance Act in 2019 to meet OECD standards. Longer Setup and Approval Times. Setting up a basic BVI company still takes 1–3 days. Ongoing Reputation Risks. High Costs and Banking Challenges.
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What is APPLICATION FOR RE-REGISTRATION AS A BVI BUSINESS COMPANY?
The APPLICATION FOR RE-REGISTRATION AS A BVI BUSINESS COMPANY is a formal request submitted to the British Virgin Islands authorities by a company that seeks to re-register under the BVI Business Companies Act.
Who is required to file APPLICATION FOR RE-REGISTRATION AS A BVI BUSINESS COMPANY?
Companies that are currently registered under a different legislation or jurisdiction and wish to operate as a BVI business company are required to file the application for re-registration.
How to fill out APPLICATION FOR RE-REGISTRATION AS A BVI BUSINESS COMPANY?
To fill out the application, a company must provide necessary details such as its current name, registered office, directors, shareholders, and any changes to its memorandum or articles of association, ensuring all information adheres to the BVI Business Companies Act.
What is the purpose of APPLICATION FOR RE-REGISTRATION AS A BVI BUSINESS COMPANY?
The purpose of the application is to formally transition a company from its current legal status to that of a BVI business company, enabling it to enjoy the benefits of BVI's regulatory environment and business tax incentives.
What information must be reported on APPLICATION FOR RE-REGISTRATION AS A BVI BUSINESS COMPANY?
The application must report the current name of the company, its proposed name upon re-registration, details of its registered office, shareholders and directors, any changes to the company's constitution, and declarations related to compliance with the BVI Business Companies Act.
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