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Termination of Voluntary Liquidation in the BVI. Service offer

Termination of voluntary liquidation in the BVI, after the application of commencement of liquidation has been filed with the Registrar, is only possible with the involvement of the court.

Contents

  1. Information and documents required for preparing a court application
  2. Fees*

Information and documents required for preparing a court application

To prepare the application to the court, the following information and documents are required:

  1. Reasons why the BVI company was put into liquidation. Reasons for terminating voluntary liquidation;
  2. Details (full name and residential address) of the applicant on whose behalf the application to terminate the liquidation will be filed with the court. The applicant can be the voluntary liquidator, a director, shareholder or creditor of the company;
  3. Memorandum and Articles of Association of the company, an uncertified copy;
  4. Certificate of Incorporation of the company, an uncertified copy;
  5. Register of Directors of the company, a copy certified by the registered agent;
  6. Register of Members of the company, a copy certified by the registered agent;
  7. Plan of Liquidation, a copy certified by a notary;
  8. Declaration of Solvency, a copy certified by a notary;
  9. Appointment of Liquidator, a copy certified by a notary;
  10. Proof of the current status of the company (Certificate of Incumbency or Company Search), an uncertified copy.
Please note that it is a non-exhaustive list. The registered agent, BVI lawyers, or the court have the right to request any other documents and information.

The application is usually set for hearing within 8 to 12 weeks of filing. If the application is contested, the court will give further directions (to provide additional evidence, etc.). In this case, the cost of the procedure will increase (see the price list below).

If the company’s assets were distributed in the course of voluntary liquidation, it is necessary to further analyse the situation in terms of possible return of that asset and future consequences. The fee for such analysis is agreed additionally in each case.

Fees*

Services
Fees (USD)
Supporting the application to terminate voluntary liquidation, including:
- preparation and filing of the application with the court;
- analysis and review of documents made in the course of liquidation
11 000
Ordering a Company Search as proof of the current status of the company
685
FSC costs
1 000 – 2 000
Court filing fees if the application is heard in the High Court
200 – 300
Court filing fees if the application is heard in the Commercial Court
500 – 700
Further supporting the application in the court if it is contested (does not include disbursements or additional court filing fees)
from 550 / hour
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.
275 (standard fee – includes check of 1 individual)
+ 165 for each additional individual (director, shareholder or beneficiary) or legal entity (director or shareholder) if legal entity is served by GSL
+ 220 for each additional legal entity (director or shareholder) if legal entity is not served by GSL
385 (check for High Risk companies, including check of 1 individual)
110 (signing of documents)

*The fees are valid as of September 2025. They apply to companies administered by GSL Law & Consulting.

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USD 11 960
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