BRITISH VIRGIN ISLANDS - Mossack Fonseca & Co.

Service of
documents on a
foreign company
registered under
this Part.
Validity of
transactions not
affected.
Transitional
provisions for
this Part.
26/2005
Cap. 285
26/2005
125
(a) send the company a notice of its removal in the approved form;
and
(b) publish the removal in the Gazette.
(3) A foreign company is removed from the Register of Foreign Companies
and ceases to be registered under this Part on the date specified in
the notice sent to the Company under subsection (2)(a).
194. (1) A document may be served on a foreign company registered under this
Part by leaving it at, or sending it by post to, the address of the registered
agent of the foreign company.
(2) Subsection (1) does not affect or limit the power of the Court to
authorise a document to be served on a foreign company registered
under this Part in a different manner.
195. A failure by a foreign company to comply with this Part does not affect the
validity or enforceability of any transaction entered into by the foreign
company.
196. (1) In this section, “effective date” means the date when this Part is
brought into force.
(2) A foreign company that, immediately before 30 th June 2006, is
carrying on business in the Virgin Islands shall, if it continues to carry on
business in the Virgin Islands after that date, apply for registration under
this Part on or before 31 st July 2006.
(3) A foreign company registered under Part IX of the Companies Act at the
effective date is deemed to be registered under this Part, with effect
from the effective date and subsection (2) does not apply to such a
company.
(4) A foreign company to which subsection (3) applies shall on or before
31 st March 2006 file
(a) a list of its directors as at the effective date specifying the
full name, nationality and address of each director;
(b) a notice specifying the name of the person appointed as the
registered agent of the foreign company in the Virgin Islands,
endorsed by the registered agent with his agreement to act as
registered agent; and
AE/ET/Pub./bg/03.2007