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Ocorian the specialist global provider of regulatory and compliance, fund, corporate and fiduciary services, warns that failing to conduct regular board evaluations can result in regulatory sanctions..
If your Cayman company has naturally reached the end of its lifecycle, you'll need to take action to start the liquidation process ASAP to avoid 2024 annual government, regulatory and service provider fees.
In the BVI, the process by which a company changes its nationality or place of registration is called a continuation. It is also commonly referred to as a migration or re-domiciliation.
This guide briefly sets out the basis on which the voluntary liquidation of Cayman Islands' companies may be recalled or set aside and such companies restored to active status by an Order of the Grand Court of the Cayman Islands.
Effective 1 January 2023, all companies incorporated or registered in the BVI ("Companies") are required to file a financial return (an "Annual Return") with their Registered Agent each year.
On 1 January 2023 the British Virgin Islands ("BVI") Business Companies Act (As Revised) ("BC Act") was updated. BVI companies now have to file a new annual return with their registered agent...
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