The Company Liquidation Steps in BVI - Main Process

Closing down a company is a multi-step process. Find out how your team can help you liquidate a BVI company: https://bvicompanyincorporation.com/company-liquidation-in-bvi/.

1. The Company Liquidation Steps in BVI
A presentation brought to you by BVICompanyIncorporation.com

2. A BVI company that is no longer profitable or needed by its
founders can be dissolved through liquidation or striking
off from the Registrar of Companies.

3. We recommend that BVI
company owners who are
interested in company
liquidation reach out to our team
to check if they meet the
requirements.

4. A BVI company can be liquidated under the Companies Act only if it is solvent. This
means that it needs to be able to pay its debts to its creditors before it can be closed.

5. An insolvent company in the Islands may only be liquidated under the Insolvency Act.
Information on this particular situation can be provided upon request by our team.

6. Conditions for
liquidation
Companies can be liquidated when:
they have no liabilities;1.
they have liabilities but are able
to make the due payments.
2.

7. The effects of
liquidation
A company that has been
liquidated is dissolved
immediately after the distribution
of all its property.

8. Liquidation
steps
The liquidation starts with a
declaration of solvency and a
liquidation plan approved by
the company’s directors which
outlines the main issues
concerning the process.

9. Voluntary
liquidation
In the case of voluntary
liquidation, the appointed
liquidator fulfills an important
role. He takes custody of the
property and handles the debt
payment process.

10. Business owners who wish to liquidate a company can reach out to our local BVI
company experts for complete assistance during the process.

11. Thank You for Watching!
Contact us at:
www.bvicompanyincorporation.com
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