Guide for Hong Kong Clients on Obtaining BVI Grants of Probate

more+
less-

Because BVI companies are widely used in Hong Kong for various purposes, it important for clients to understand the nuances and intricacies of obtaining grants of probate and administration in the BVI. Contrary to popular belief, grants of probate and administration obtained in Hong Kong cannot be resealed in the BVI. As a result, if one intends to take control over a deceased’s shareholding in a BVI company for distribution amongst beneficiaries, a fresh grant will need to be applied for in the BVI.

If a deceased left a valid will disposing of BVI assets, and dies domiciled in Hong Kong, the appointed executors will need to provide the following documents to apply for grant of probate:

1. Original Will of the deceased, or where the original Will is being used in another legal proceeding and cannot be removed, a court certified copy of the will;

2. Original death certificate, or a certified copy issued by the Births and Deaths Registry in Hong Kong...

Please see full guide below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Topics:  Beneficiaries, BVI Business Companies, Hong Kong, Offshore Funds, Probate, Shareholders

Published In: International Trade Updates, Wills, Trusts, & Estate Planning Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Harney Westwood & Riegels | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »