Specialist in British Virgin Islands (BVI) Offshore Company Incorporations
Transfer the shares of a BVI company.
The shares of a BVI company may be transferred by a written instrument of transfer signed by the transferor and transferee (example share transfer instrument). The company shall not be required to treat a transferee of a share as a shareholder until the transferee name has been entered in the register of shareholders of the company.
The executor or administrator of a deceased shareholder, the guardian of an incompetent shareholder, the trustee of a bankrupt shareholder or liquidator or administrator or receiver of an insolvent shareholder shall be the only person recognized by the company as having any title to the shares of that shareholder but none of them shall be entitled to exercise any rights as a shareholder until they have complied with the procedures set out in the next following two regulations.
1) Any person becoming entitled by operation of law or otherwise to a share or shares in consequence of the death, incompetence or bankruptcy of any shareholder may be registered as a shareholder upon such evidence being produced as may reasonably be required by the directors of the company. An application by any such person to be registered as a shareholder shall be deemed to be a transfer of shares of the deceased, incompetent or bankrupt shareholder and the directors shall treat it as such.
2) Any person who has become entitled to a share or shares in consequence of the death, incompetence or bankruptcy of any shareholder may, instead of being registered himself, request in writing that some person to be named by him be registered as the transferee of such share or shares and such request shall likewise be treated as if it were a transfer.