In order to redomicile a foreign company to the BVI, the following needs to be provided:
1. Check of the company’s current name with the Registrar of Companies in the BVI for uniqueness. The name may not be the same as that of a company in existence in the BVI. If it is the same, the name of the company will have to be changed.
2. Preparation in Dominica of a set of documents of the company required to change jurisdiction.
3. Preparation of a set of documents in the BVI.
4. To finalize the procedure of redomiciliation (“discontinuation”), the following must be filed with the registration authority of Dominica:
5. Obtaining from the Registrar of Companies of Dominica the Certificate of Discontinuance, which confirms that the company has been struck off from the Register in Dominica so that the company can continue in another register.
6. Upon completion of redomiciliation to the BVI, a Certificate of Continuation will be obtained. Since that time the company is considered to continue by being reincorporated in the BVI.
On average, the complete redomiciliation of a company to the BVI takes two months.
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Service
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Fee (USD)
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Assistance in the procedure of redomiciliation of a company from Dominica, including preparation of set of documents for change of jurisdiction to the BVI (outward part)
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3 950[2]
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Assistance in the procedure of redomiciliation to the BVI (inward part), excluding registered address
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4 950
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Registered address of the company in the BVI for the first year of maintenance
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1 795
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Filing information on the company’s reincorporation with the BOSS system
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185
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Procedures connected with the company’s qualification in accordance with ESA (annually), including:
- preparation and analysis of Questionnaire; - preparation of director’s resolution according to relevant form depending on the company’s category; - processing and storage of files by registered agent in the BVI in accordance with ESA. |
245
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Filing company status information within ESA at the end of the financial year with the BOSS system (annually)
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185
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Independent legal assessment of activity of a BVI company (optional, except when a nominee director is appointed)
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545
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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 / 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 (fee for High Risk companies, including check of 1 individual) 100 (signing of documents) |
[1] The service fees are effective as of September 2024.
[2] The basic cost of services is stated. The final assessment of the cost of services in the redomiciliation of a company to the BVI and preparation of the necessary set of documents depends on the policy and requirements of the registered agent that serves the company in its country of incorporation.