New Bearer Shares Regime Fees Custodians Authorised Custodians Recognised Custodians Requirements for Shareholders Transfer of Bearer Shares Alternatives Cancellation of Bearer Shares Register of Directors

Requirements for the Register of Directors

The International Business Companies Act 2003 also introduced another important amendment: the requirement to maintain the Register of Directors at the Registered Office of the IBC company in BVI.

The Register of Directors should contain following information: name of the Director, his/her address, meaning that it is contact information, the date of his/her appointment and resignment/ removement.

For companies incorporated on or after 1 January 2005, it is mandatory for a Register of Directors to be kept at the BVI registered office of all IBCs. The Register of Directors does not need to be filed at the Registrar of Companies, and details about directors will continue to remain confidential to third parties.

The companies incorporated before 1 January 2005 had to establish and maintain a Register of Directors within 12 months from 1 January 2005. The Register of Directors must contain information about directors on 1 January 2005, together with all changes in respect of the directors thereafter. The Register of Directors does not need to contain directors information before 1 January 2005.

If an IBC maintained an optional Register of Directors before 1 January 2005, a copy of that register shall be retained at its registered office for a period of at least 10 years from 1 January 2005.