BVI Company Cessation & Liquidation Services

A strike-off (Ceased to Carry Business) is an administrative removal intended strictly for dormant companies with absolutely zero bank accounts, assets, or liabilities. A voluntary dissolution is a formal process for solvent companies that requires a Resident Liquidator and cross-border public advertisements.

Under the amended BVI Business Companies Act, the historical seven-year grace period was abolished. Now, when a company is struck off the register, it is immediately and automatically dissolved.

If you choose the formal dissolution or liquidation routes, yes. A voluntary dissolution strictly requires a BVI Resident Liquidator, while a court-supervised liquidation requires a specialized Licensed Liquidator.

No. Simply abandoning the company leaves directors and shareholders exposed to ongoing legal liabilities, accumulating financial penalties, and mandatory Economic Substance reporting breaches.