Virgin Islands Shareholders Agreement
Description
How to fill out Shareholders Agreement?
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FAQ
A shareholder is entitled, by written notice to the business company, to inspect the register of members, the register of directors, minutes of shareholder meetings and shareholder written resolutions.
A company limited by Guarantee is often referred to as a 'not for profit' or 'Charitable company', this refers to the fact the parties involved do not remove the profit from the company as shareholders can in a company limited by shares. Any profit made by the company is re-used for the good of the business.
BVI are a British Overseas Territory, which provides for an outstanding political stability. The country also maintains a low international profile and a clean reputation, thus avoiding the pitfalls experienced by some more publicised and less scrupulous offshore tax havens.
As the British Virgin Islands (BVI) is a British Overseas Territory, there is no formal British diplomatic or consular representation and the local authorities deal with all requests for emergency assistance.
BVI is a British overseas territory located to the east of Puerto Rico, in the Caribbean. To the North of the Island lies the North Atlantic Ocean, and to the South Lies the Caribbean Sea. The most common BVI Company Registration type in is an International Business Company (IBC).
A company limited by shares is the most common type of company that is registered in the British Virgin Islands. As its name denotes, a company limited by shares is the company having the ability to issue shares, and its member's liability is separated from the company's debts and obligations.
Guarantee members are not liable for the debts or obligations of the company except to the extent of their guarantee upon the company going into insolvent liquidation. Companies limited by guarantee and authorised to issue shares are hybrid of a company limited by guarantee and a company limited by shares.
BVI Business Companies a company limited by guarantee that is not authorised to issue shares; a company limited by guarantee that is authorised to issue shares; an unlimited company that is not authorised to issue shares; an unlimited company that is authorised to issue shares.
BVI Companies fail on the three main cornerstones of your offshore strategy. They fail on asset protection, they fail on tax avoidance for most people and they fail on protecting your privacy. There are much better options available. You should exercise extreme caution if somebody is trying to sell you a BVI company.
The British Virgin Islands (BVI) is a leading offshore financial centre, providing robust yet flexible corporate structures within a politically safe and low cost jurisdiction.