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Offshore Company Land NewsLetters?


Are joint shareholders allowed for a BVI offshore company?   
Staff writer:
October 24, 2012

Yes. Joint shareholders are allowed for a BVI offshore company. All the joint shareholders must be at least eighteen years old. Any one of the joint shareholders can exercise the full rights and privileges of the shares held jointly. If several persons are registered as joint holders of any shares, any one of such persons may give an effectual receipt for any distribution payable in respect of such shares.

Due to the above, joint share holding is not used very often. Also, many offshore companies are one person setups so the issue of joint shareholding does not come up. Joint shareholding is sometimes used by a husband and wife or a parent and adult child.   

If you have any questions about the above, send us an email.