Certificate Of Good Standing British Virgin Islands

A condition precedent that is frequently included in corporate and finance transactions involving one or more bvi companies is the request for a certificate of good standing cog from the registry of corporate affairs of the bvi the registry in respect of each bvi company.

Certificate of good standing british virgin islands.

British virgin islands financial services commission announces the launch of electronic certificates of good standing. A certificate of good standing confirms a bvi company has a status of good standing with the bvi register of companies. The certificate of good standing cgs is used to formally confirm the continued legal existence of an offshore company after some time has already passed since it s registration. Given at road town tortola british virgin islands.

The certificate of good standing is issued under section 235 of the bvi companies act 2004 and contains a statement that at the date the certificate is issued the bvi company is on the register of companies and has paid all fees and any penalties due under the act. Certificate of good standing. This certificate can be requested also for bvi limited partnerships. The filings are necessary for all such entities to remain in active in good standing status and to conduct business in the territory.

The certificate of good standing is available to any tax payer requiring this certificate. The december 2001 enactment of the financial services commission act 2001 established the british virgin islands financial services commission as an autonomous regulatory authority responsible for the regulation supervision and inspection of all financial services in and from within the bvi. Ensure that your taxes have been paid or arrange payment plan with the department to liquidate outstanding sum. It confirms that a bvi company has met all its statutory requirements at the date of the certificate and it s in good standing within the bvi registry of corporate affairs.

This is the most requested certificate for bvi companies. Sessions are open to existing and new business. Certificate of good standing name i hereby confirm and certify as follows. Tortola british virgin islands 4 december 2014 the british virgin islands financial services commission fsc is advising members of the financial services industry and the general public that effective monday 8 december certificates of good standing produced by the registry of corporate affairs will be delivered electronically.

The business community is invited to attend the division of corporations and trademarks virtual information sessions on the online catalyst system in june 2020.