Discover the importance of succession planning for BVI entities and explore options to improve it in our expert article – contact us at corporate@leotrust.ch for more details and an in-person meeting.
As of 30 June 2023, the BVI had over 365,000 active companies[1] on its register and is one of the world’s most used jurisdictions for the incorporation of international business companies. Still today, little attention is given to succession planning for situations with a sole shareholder or director.
An expert article has been prepared for you discussing situations with no succession planning, why it is important to ensure proper succession planning for BVI entities and options to improve such situations.
Curious and want to know more? Then please contact us on corporate@leotrust.ch for an in-person meeting to discuss your needs and to secure your expert article.
[1] The total number of companies registered in BVI declined from 372,439 in Q1 2023 to 366,050 in Q2 2023.
The long-awaited updated of Leo Trust Switzerland’s Economic Substance & Beneficial Ownership Reporting general overview of various jurisdictions is available.
It is time to raise the awareness of the UK’s registers that it has put into place and intends to introduce regarding beneficial ownerships, which refers to the person who ultimately owns or controls an asset such as a property or a company and may differ from the legal owner. The purpose of beneficial ownership registers is to prevent individuals from being able to hide assets and income on which they own tax.
