ARTICLE
6 October 2013

BVI Publishes New Regulations Governing Use Of Restricted Words And Phrases In Company Names

Harneys is advising clients that there are new regulations governing the use of restricted company names in the British Virgin Islands.
British Virgin Islands Corporate/Commercial Law

Harneys is advising clients that there are new regulations governing the use of restricted company names in the British Virgin Islands.

The BVI Financial Services Commission (FSC) recently added 46 names to the schedule of restricted company names with the publication on 29 August 2013 of the BVI Business Companies (Restricted Company Names) Notice, 2013. The Notice, which revokes and replaces a previous 2011 Notice, brings to 217 the number of words or phrases whose use is restricted.

According to FSC guidelines the Registrar shall not register a company that contains a restricted word or phrase in its name unless the FSC has granted prior written consent for its use. A non-refundable application fee of US$100 is payable by persons applying to use a restricted name. The complete list of restricted words and phrases is available here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More