Category Archives: BVI Companies

Information about BVI Companies.

BVI company’s shareholders request for liquidation process

Following the announcement of the troubled oil and gas company Xcite Energy Limited on discussing the deal after which creditors would take under control 98.5% of its share capital, the principal shareholders moved to company’s liquidation. Being not satisfied with … Continue reading

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Sable Mining announces proposed cancellation of AIM trading

For BVI-registered Sable Mining Africa Limited, trading on AIM London Stock Exchange for ordinary shares of no par value has been temporarily suspended from September 14, pursuant to AIM Rule 1. The company announced that some factors including political instability, … Continue reading

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BVI companies allegedly involved in forex schemes

Close relative of ex-Punjab chief minister was asked to appear before the Enforcement Directorate and bring personal financial documents, in connection with probe against him for alleged forex contraventions and failure to pay taxes for foreign assets. He should explain … Continue reading

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BVI company accused of bribery in Liberia

BVI-incorporated company Sable Mining was indicted on bribery, along with Liberia government officials. The grand jury of the country accused the defendants, among which there is the AIM-listed BVI company, of bribery among other crimes, having alleged them of conspiring … Continue reading

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BVI being jurisdiction of preference for Panama law firm

According to the journalist investigations, the BVI’s bearer share laws allowing to omit the names of beneficial owners were used as the British Virgin Islands became the main jurisdiction for corporate formation by the law firm Mossack and Fonseca. When … Continue reading

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BVI faces pressure in relation to Panama leaks

The information about more than 100,000 secret firms registered in the British Virgin Islands, leaked from the Panamanian company Mossack Fonseca, which has local office, has a great impact on the jurisdiction. According to the Bloomberg agency, BVI is now … Continue reading

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BVI group files lawsuit against wrong foreclosure action

BVI-based company Aman Resorts Group Ltd, which previously agreed to be put into bankruptcy protection in the United States, then filed a lawsuit in NY bankruptcy court against Russian real estate developer Vladislav Doronin accusing him of gutting its asset, … Continue reading

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About 30 Korean companies and individuals suspected of tax evasion

Korea’s National Tax Service launched an investigation into 30 corporations and individuals suspecting them of tax evasion with the help of offshore tax havens. According to the tax authorities of the country, the targeted entities and individuals are said to … Continue reading

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BVI company filed complaint against Ho Chi Minh City officials

The British Virgin Islands-headquartered K.S.T International Holdings Ltd has filed a complaint against Ho Chi Minh City officials for corruption, saying its investment license has been mishandled by the city’s Department of Planning and Investment. The BVI company wants to … Continue reading

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BVI among top tax havens for US taxpayers to avoid taxes

According to the report from the left-leaning Citizens for Tax Justice and the U.S. Public Interest Research Group, the British Virgin Islands is among the top three offshore jurisdictions for U.S. companies. Along with the Cayman Islands and Bermuda, BVI … Continue reading

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