- English
-
Legal Services
Fiduciary Services
- AIFM & UCITS Management Company Services
- Accounting, Tax & Agency Services
- Commodity Pool Operator Services
- Company Secretarial & Board Support Services
- Conflict Review & Advisory Services
- Directorship Services
- Facilities Agent Services
- Permanent Office Solutions
- Power of Attorney & Proxy Agent Services
- Private Client Services
- Trustee Services
Fund Services
Regulatory & Compliance
-
Americas and Caribbean
Europe
-
PUT YOUR CAREER INTO GEAR
-
Maples Group Moves to New London Office with a focus on Clients, People and Collaboration
24 Apr 2024Maples Group Sponsors Rugby Club Luxembourg, Fostering Shared Values of Excellence, Teamwork, and Community
23 Apr 2024Maples Group Recognised as Offshore Firm of the Year Including Six Standout Asia Deals of the Year
18 Apr 2024Maples Group Launches UK Liquidations Services
10 Apr 2024 -
ICLG Aviation Law 2024: Cayman Islands
11 Apr 2024
Industry Updates
British Virgin Islands - Voluntary Liquidations for First Half Year Companies
25 Mar 2021
As annual British Virgin Islands ("BVI") Registry fees are now payable for those BVI companies that were incorporated or registered in the first half of the year, it is time to start planning the liquidation of those entities that have reached the end of their life cycle, to ensure that unnecessary Registry fees are not incurred.
To prevent the expense of annual 2021 government registration fees, an appointed voluntary liquidator will be required to file the final notice for a company on or before 28 May 2021. To meet this deadline, we recommend that the voluntary liquidation commence prior to 15 April 2021.
Consideration should be given to the requirements of Section 19(2) of the BVI Business Companies Regulations (2013 Revision) (as amended) when determining who will be appointed as voluntary liquidator of a BVI company. This section disqualifies certain individuals from acting as voluntary liquidator, including individuals that in the past two years have either been a director of the company (or an affiliated company) or that have acted in a senior management position in relation to the company.
Leveraging our legal and specialised fiduciary and fund services teams, the Maples Group provides clients with a comprehensive range of restructuring and liquidation services including a team comprised of dedicated individuals with extensive experience that can act as voluntary liquidators to BVI companies.
For a straightforward, no assets voluntary liquidation of a BVI company, we can generally complete the process within six to eight weeks.
For further information on the team and our liquidation services, please view our brochure on our Liquidations and Dissolutions Services. Additionally, you may wish to request our legal guide with information on the statutory process: Voluntary Liquidations of Solvent British Virgin Islands Company Incorporated or Re-Registered under the BVI Business Companies Act (as amended).
Please do not hesitate to contact your usual Maples Group contact or one of the individuals listed below who would be happy to answer any questions you may have, or provide a formal fixed fee proposal.
Related Services
Liquidations
Related Contacts
Related Articles
-
-
Industry Updates
BVI Voluntary Liquidations: Key End-of-Year Dates and Deadlines
03 Oct 2023
-
Industry Updates
By the Numbers: Key Cayman Islands Voluntary Liquidations Deadlines and Dates
28 Jun 2023
-
-
Analysis & Insights
BVI Voluntary Liquidations Now Require a Locally Resident Voluntary Liquidator
07 Dec 2022
-
-
-