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This document serves as a notice regarding the restricted words or phrases that cannot be used in the names of companies in the British Virgin Islands, in accordance with the BVI Business Companies
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How to fill out BVI BUSINESS COMPANIES (RESTRICTED COMPANY NAMES) NOTICE, 2013

01
Obtain the BVI Business Companies (Restricted Company Names) Notice form.
02
Fill in the name of the proposed restricted company, ensuring it adheres to BVI naming regulations.
03
Specify the nature of the business activities the company intends to undertake.
04
Provide details of the applicant, including name, address, and contact information.
05
State the reason for the restricted company name request.
06
Sign and date the form in the designated area.
07
Submit the completed form to the BVI Financial Services Commission along with any required fees.

Who needs BVI BUSINESS COMPANIES (RESTRICTED COMPANY NAMES) NOTICE, 2013?

01
Any individual or entity planning to register a business in the BVI that wishes to use a company name that is classified as restricted.
02
Businesses that want to use a name similar to existing companies, government agencies, or non-profit organizations in the BVI.
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It provides that any disposition, other than a charge, of more than 50% in value of the assets of the company, if not made in the usual or regular course of the business carried on by the company, requires the disposition be approved by the directors and, upon approval, the directors shall submit details to the members
Section 175 of the Act requires the company to hold an Annual General Meeting (AGM).
BVI companies must also have at least one officer, who is responsible for the day-to-day management of the company. The BCA does not mandate an AGM for BVI companies. However, if a company's Memorandum & Articles of Association (M&AA) require an AGM, the company must comply.
(1) Subject to subsections (2) and (3), a company shall in each year hold a general meeting as its annual general meeting in addition to any other meetings in that year and shall specify the meeting as such in the notices calling it and not more than 15 months shall elapse between the date of one annual general meeting
Section 175 of the Companies Act provides the legal framework for passing resolutions by circulation, ensuring that decisions are made efficiently while maintaining accountability and compliance with the law.
This section is intended to offer protection to the value of members' shareholdings. The deceptively straightforward provision requires members to approve any disposition of more than 50% of a company's assets that is to be made outside the ordinary course of the business.
Information on companies formed in the British Islands can be obtained from the BVI Commercial Registry. General information on a company's registration number, registered office, incorporation date, status and authorized capital, etc. is available.
To register a BVI overseas company, there should be at least one shareholder and one director, both of whom must be at least 18 years old. There should also be an agent who is either a local individual or a corporate entity in the BVI.

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The BVI Business Companies (Restricted Company Names) Notice, 2013 is a regulatory framework established by the British Virgin Islands to govern the use and registration of certain restricted company names for new business entities formed under the BVI Business Companies Act.
Any entity wishing to register a company name that is deemed restricted must file the BVI Business Companies (Restricted Company Names) Notice, 2013, typically including new businesses and companies applying for names that may be subject to specific restrictions under BVI law.
To fill out the BVI Business Companies (Restricted Company Names) Notice, 2013, applicants must provide the proposed company name, justification for its use, and ensure compliance with the restrictions outlined in the Notice, along with necessary signatures and dates.
The purpose of the BVI Business Companies (Restricted Company Names) Notice, 2013 is to prevent the use of names that may be misleading, offensive, or similar to existing entities, thereby maintaining the integrity of the BVI corporate naming system.
The information required on the BVI Business Companies (Restricted Company Names) Notice, 2013 includes the proposed company name, details of the applicant, reason for requesting the name, and compliance with any relevant regulations.
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