VOLUNTARY LIQUIDATION FAQS
Voluntary liquidation FAQs
Select a jurisdiction for concise answers about appointment, process, timing and fees.
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When is voluntary liquidation appropriate for a BVI company?
Voluntary liquidation is used to close a solvent BVI company that has completed its purpose or is no longer required. It provides a formal process for completing the company’s affairs and bringing it to dissolution.
When is voluntary liquidation appropriate for a BVI company?
Voluntary liquidation is used to close a solvent BVI company that has completed its purpose or is no longer required. It provides a formal process for completing the company’s affairs and bringing it to dissolution.
Who appoints the BVI voluntary liquidator?
The members approve the liquidation and appoint an eligible individual as voluntary liquidator. We can generally begin the BVI process without contacting the registered agent at the outset.
Who appoints the BVI voluntary liquidator?
The members approve the liquidation and appoint an eligible individual as voluntary liquidator. We can generally begin the BVI process without contacting the registered agent at the outset.
What information is needed to start a BVI liquidation?
We normally need the company name and number, constitutional documents, statutory registers and recent financial information. Please also provide details of any remaining assets or liabilities, bank accounts, contracts, filings or distributions.
What information is needed to start a BVI liquidation?
We normally need the company name and number, constitutional documents, statutory registers and recent financial information. Please also provide details of any remaining assets or liabilities, bank accounts, contracts, filings or distributions.
How long does a BVI voluntary liquidation take?
Allow approximately 4–6 weeks from appointment to dissolution. If the company has assets, liabilities or unresolved matters, timing will depend on the work required.
How long does a BVI voluntary liquidation take?
Allow approximately 4–6 weeks from appointment to dissolution. If the company has assets, liabilities or unresolved matters, timing will depend on the work required.
What does a BVI voluntary liquidation cost?
Our fee is US$2,500 for the appointment through to dissolution, plus disbursements of approximately US$485. We confirm the final amount in writing before the appointment.
What does a BVI voluntary liquidation cost?
Our fee is US$2,500 for the appointment through to dissolution, plus disbursements of approximately US$485. We confirm the final amount in writing before the appointment.
What happens when the BVI liquidation is complete?
The liquidator completes the closing records and required filings. The company then proceeds to dissolution, and the final records should be retained for the applicable period.
What happens when the BVI liquidation is complete?
The liquidator completes the closing records and required filings. The company then proceeds to dissolution, and the final records should be retained for the applicable period.
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