Wednesday, August 15, 2007

BVI Business Companies Company Names Regulations 2007

BVI Business Companies (Company Names) Regulations 2007 defining the permitted ending of BVI private trust company was signed by Clerk of the Executive Council, Natalie Fahie Smith, on August 2, and gazetted on August 3 2007. The original document can be read on http://www.bvifsc.vg/Publications/LatestDocuments/tabid/214/Default.aspx.

BVI Business Companies (Company Names) Regulations 2007, which is a small document consisting of two pages, simply orders that the name of private trust companies established under BVI Business Companies Act, 2004 should include designation “PTC” before company name ending. BVI company name endings are stated in section 17(1)(a), (b) or (c) of the BVI Business Companies Act 2004 and these are “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or abbreviations “Ltd”, “Corp”, “Inc” or “S.A.”

So if my private trust name in the BVI is “My BVI Trust Ltd”, I should name it “My BVI Trust PTC Ltd”. So easy.

No comments: