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Company redomiciliation from Belize to the BVI: procedure of jurisdiction change. Service offer

Redomiciliation (continuation) of a company means changing its country of incorporation, while keeping all existing business relations. For a company to continue in another jurisdiction, redomiciliation must be allowed by the national legislation of the country where the company is incorporated and its Memorandum and Articles of Association (by no means all countries permit redomiciliation).

Contents

  1. The following documents will be required for redomiciliation of a company to the BVI
  2. Step-by-step guide to redomiciliation of a Belize company to the BVI
  3. Fees[1]

The following documents will be required for redomiciliation of a company to the BVI

  • Resolution approving the redomiciliation;
  • Apostilled Certificate of Good Standing;
  • Legal Opinion confirming the status of the company (that the company is not undergoing liquidation or bankruptcy proceedings and that the law and the company’s Articles of Association permit the redomiciliation);
  • Apostilled Memorandum & Articles of Association;
  • Apostilled Certificate of Incorporation.

Step-by-step guide to redomiciliation of a Belize company to the BVI

  1. Check the current company name with the BVI Registrar of Corporate Affairs for availability. The name cannot coincide with the name of any existing company. If there is a match, the current company name must be changed.
  2. Prepare in Belize a set of company documents required for the change of jurisdiction.
  3. Prepare a set of documents in the BVI.
  4. File copies of documents certified by the registered agent with the Belize Registrar in order to complete the redomiciliation (“discontinuation”) procedure.
  5. Obtain from the Belize Registrar a Certificate of Discontinuance that confirms the striking-off of the company from the register in Belize, so that the company may continue in another register.
  6. Obtain a Certificate of Continuation at the end of redomiciliation. From that moment the company shall be deemed re-registered in the BVI.
The overall time to redomicile a company to the BVI is two months on average.

Fees[1]

Services
Fee (USD)
Supporting the company’s redomiciliation from Belize, including preparation of a set of documents to change the jurisdiction to the BVI (outgoing part)
3 950[2]
Supporting the company’s redomiciliation to the BVI (incoming part), not including the registered office for the company
4 950
Registered office for the company in the BVI for the first year
1 795
Entering information concerning re-registration of the company into the BOSS system
185
Annual company qualification procedures in accordance with the ESA, including:
- Preparation and analysis of a Questionnaire;
- Preparation of a Director’s Resolution in a form depending on the category of the company;
- Processing and storage of files by the registered agent in accordance with the ESA;
- Compliance Fee.
245
Filing of information with the BOSS system regarding the company’s status within the scope of the ESA (annually, at the end of the financial year)
185
Independent legal assessment of the BVI company’s activity (optional, except in cases of appointment of a nominee director)
545
Compliance fee
Paid in case of:
- company’s incorporation,
- company’s renewal,
- company’s liquidation,
- transfer to another agent,
- issue of a power of attorney for a new attorney,
- change of director / authorized person / shareholder / beneficiary, except for a change to a nominee director / shareholder,
- signing of documents.
250 (standard fee – includes check of 1 individual)
+ 150 for each additional individual (director, shareholder or beneficiary) or legal entity (director or shareholder) if legal entity is served by GSL
+ 200 for each additional legal entity (director or shareholder) if legal entity is not served by GSL
350 (check for High Risk companies – includes check of 1 individual)
100 (signing of documents)

[1] The fees are valid as of August 2024.

[2] The fee is indicative. The final fees for redomiciliation of the company to the BVI and preparation of the necessary set of documents will depend on the policies and requirements of the registered agent that administers the company in the country of incorporation.

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USD 9 085
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