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 permitted by the national legislation of the country where the company is incorporated, as well as by its Memorandum and Articles of Association (by no means all countries permit redomiciliation).
To redomicile an overseas company to the BVI, it is necessary to provide:
The name cannot coincide with the name of any existing company in the BVI. If there is a match, the current company name must be changed.
Obtain from the Seychelles Registrar a Certificate of Discontinuance, which confirms the name of the company was struck off the Seychelles register so that the company can continue in another register outside Seychelles.
From then on, the company is deemed to continue as a company re-registered in the BVI.
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Services
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Fees (USD)
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Supporting the company’s redomiciliation from Seychelles, including the preparation of a set of documents to change the jurisdiction to the BVI (outgoing part)
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3 950[2]
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Supporting the company’s redomiciliation to the BVI (incoming part), not including registered office
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4 950
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Registered office in the BVI for the first year
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1 795
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Filing the re-registration of the company with BOSS System
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185
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Company’s ESA qualification (annually), including:
- preparing and analysing the Questionnaire; - drafting a Director’s Resolution in the appropriate form depending on the company’s category; - BVI registered agent processing and keeping files as required by the ESA. |
245
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Filing the company’s ESA status at the end of the financial year via BOSS system (annually)
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185
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Legal Assessment of a BVI company
(optional, except where a company has a nominee director) |
545
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Compliance fee
Payable in the cases of: |
250 (standard rate, includes the check of 1 individual)
+ 150 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL + 200 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL 350 (rate for high-risk companies, includes the check of 1 individual) 100 (signing of documents) |
[1] The fees are valid at the date of September 2024.
[2] The fee is indicative. The final cost of 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.