Many high-net-worth individuals and families use a private trust company (PTC) when looking to structure their family wealth. Given that settlors of trusts are sometimes reluctant to relinquish control over the assets...more
11/9/2023
/ Board of Directors ,
Cayman Islands ,
CIMA ,
Companies Act ,
Corporate Management ,
Corporate Structures ,
Philanthropy ,
Private Foundations ,
Private Trust Companies ,
Regulatory Requirements ,
Shareholders ,
Trustees ,
Trusts ,
Wealth Management
British Virgin Islands (“BVI”) business companies are often used for private wealth structuring purposes. However, where the shares in a BVI business company are registered in the name of an individual rather than a corporate...more
10/20/2023
/ Board of Directors ,
British Virgin Islands ,
Business Formation ,
Business Succession ,
BVI Business Companies ,
Cayman Islands ,
Estate Planning ,
Incorporation ,
Probate ,
Shareholders ,
Succession Planning ,
Trusts ,
Wills
For businesses that are family-owned and run in jurisdictions such as Hong Kong, Mainland China and Taiwan, it is common for beneficial ownership and control of the business enterprise to be vested in the shareholders of a...more
10/9/2023
/ Beneficial Owner ,
British Virgin Islands ,
Business Entities ,
BVI Business Companies ,
China ,
Corporate Restructuring ,
Debt ,
Debtors ,
Estate Planning ,
Holding Companies ,
Hong Kong ,
Incorporation ,
Jurisdiction ,
Privacy Laws ,
Shareholders ,
Taiwan
The holding company of many corporate groups trading in Asia is frequently incorporated in an offshore financial centre such as the British Virgin Islands (“BVI”). It is therefore common for high-net-worth individuals...more
Where a person has died and left assets in the British Virgin Islands (BVI), it is not possible to deal with those assets without first obtaining a grant of representation from the relevant local Court. The rule applies to...more