It has long been popular for high net-worth people who are not domiciled in the United Kingdom (“non-doms”) to form an offshore company, often in the British Virgin Islands (“BVI”), for the purposes of holding property in the...more
- Domicile Inheritanance Tax Offshore Companies Private Trust Companies Property Tax Stamp Taxes
British Virgin Islands companies are generally free to dispose of their assets on such terms as the directors think fit, but where the assets being disposed of constitute 50% or more of the company’s total assets, then...more
- Board of Directors Business Companies Act Section 175 Shareholder Resolution Shareholders
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