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BVI Liquidation.

Voluntary liquidation is a straightforward and inexpensive process available to dissolve a solvent BVI company.

Duties and obligations

All directors duties and obligations under BVI law cease upon dissolution of the company.

Litigation

Litigation cannot be commenced against a company which is dissolved.

Liabilities

The company can no longer accrue liabilities after it has been dissolved.

What is voluntary liquidation?

Voluntary liquidation is a formal process available to solvent BVI companies under the BVI Business Companies Act, 2004. The process allows the directors and/or shareholders to bring the company to a orderly end, ultimately resulting in the dissolution of the company.

The process may also be referred to as: BVI solvent liquidation; BVI members voluntary liquidation; or BVI company dissolution.

Are you a BVI company director or shareholder?

Our simple guide provides you with exactly what you need to know about the voluntary liquidation process without the unnecessary complexity and legal jargon.

BVI Liquidation criteria.

Any BVI company may be placed into voluntary liquidation (i.e. solvent liquidation) provided that it meets one of the following:

it has no liabilities
it is able to pay its debts as they fall due and the value of its assets equals or exceeds its liabilities

The BVI liquidation process.

Our BVI liquidators take care of the entire BVI liquidation process from appointment to dissolution in as little as 28 days.

Appointment of liquidator

We prepare all of the documentation required by the directors and shareholders to appointment the voluntary liquidator.

Liquidation

The liquidator takes control of company assets, pays any creditors, and distributes surplus assets to shareholders.

Dissolution of company

On completion of the liquidation, the BVI Registrar issues a certificate of dissolution and the company is formally dissolved.

See our liquidation guide for a full explanation of the requirements and steps.

BVI Liquidation Guide

BVI Liquidation cost.

Our fixed pricing structure provides you with clarity and certainty .

BVI Liquidation

$1,750from
  • Our comprehesive liquidation package for one BVI Business Company

Residual assets or liabilities?

Our fixed prices are based on the company having no residual assets or liabilities at the time of appointment. If this is not the case, please contact us for a tailored quoted.

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Frequently asked questions.

Voluntary liquidation is the only process available under the BVI Business Companies Act, 2004 (as amended)to dissolve a solvent company incorporated in the British Virgin Islands.

Once a company is dissolved, the company and its shareholders / directors are no longer required to comply with any laws or regulations of the British Virgin Islands. The company also no longer accrues liabilities, including annual licence and registered agent fees. A company which is left dormant is required to comply with all requirements and will continue to accrue liabilities until dissolved.

A voluntary liquidation can be completed from appointment to dissolution in approximately 4 – 6 weeks. The time taken may vary in each individual case for reasons including, but not limited to, the nature on quantum of assets and liabilities of the company and the number of jurisdictions in which advertisements must be placed.

Our base fee for a no asset, no liability liquidation is $2,550 (plus disbursements). Disbursements will typically be in the region of $600 per company.

The total amount you will pay in fees and disbursements depends on a number of factors including the assets and liabilities (if any) that the company has and the number of jurisdictions we are required to advertise in.

Please request a quote with your details and we will provide a fixed fee tailored to your situation.

To get started, request a quote or contact us for further information.

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