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Bringing your BVI company to an end: strike off vs liquidation
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Bringing your BVI company to an end: strike off vs liquidation

A BVI company has no limit on its duration (unless provided otherwise in its memorandum or articles). Indeed, this firm continues to act for many companies incorporated in the very early days of the International Business Companies Act - now approaching 40 years ago. The majority of companies do, however, at some point reach the end of their useful life and directors and shareholders need to be aware of the options available. The introduction of reporting obligations under the economic substance regime which continue while a company is struck off the register mean that is more important than ever to be well informed.