Specialist in British Virgin Islands (BVI) Offshore Company Incorporations
Can my kid act as shareholder of a BVI Offshore Company?
If your kid is under 18 years old, then the answer is no. The minimum age to act as director or shareholder of a BVI company is eighteen years old. We like to give our children all that we can so it is no surprise that we would want them to have an ownership interest.
There are other indirect ways to achieve this goal until they can take ownership themselves. Some options are a Will, a Trust or a Nominee Shareholder.
However, we are not a supporter of getting individuals in their teen years involved in an offshore company they may not fully understand. It is different if they are starting a new business or trying a business opportunity. They will enjoy the success or endure the failure of their efforts.
If you have any questions about the above, send us an email.