Specialist in British Virgin Islands (BVI) Company Formations
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Offshore Company Land NewsLetters?


Do I have to pay for the shares that are issued to me by a BVI offshore company?   
Staff writer:
October 31, 2012

Yes. The company may issue fully paid, partly paid or nil paid shares. A partly paid or nil paid share or a share issued for a promissory note or other written obligation for payment of a debt may be issued subject to forfeiture in the manner prescribed in the company's Articles of Association.

Shares in the company may be issued for consideration in any form, including money, a promissory note or other obligation to contribute money or property, real property, personal property (including goodwill and know-how) services rendered or a contract for future services and the amount of such consideration shall be determined by resolution of directors, except that in the case of shares with par value, the amount shall not be less than the par value, and in the absence of fraud the decision of the directors as to the value of the consideration received by the Company in respect of the issue is conclusive unless a questions of law is involved.   

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