The BVI Business Companies Act, 2004 (as amended) (the “Act”) and its predecessor statute have long recognised that companies which incorporate in one jurisdiction may benefit from the flexibility of being able to migrate to another jurisdiction.

The Act provides a straightforward corporate registry based system for companies to continue into the BVI and, if the BVI is no longer the jurisdiction of choice, for companies to leave the BVI and move to a new jurisdiction , in each case without any break in its corporate existence and provided that the relevant other jurisdiction also permits the same.

In this second of two notes relating to continuations (sometimes referred to as migrations or redomiciliations), we look at the requirements and processes for companies which want to continue from the BVI to another jurisdiction.

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