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Home \ Are there legislative provision for re-domiciliation in and out of the Virgin Islands?

Are there legislative provision for re-domiciliation in and out of the Virgin Islands?

 
Insurance
Are there legislative provision for re-domiciliation in and out of the Virgin Islands?

The BVI Business Companies Act, 2004 contains provisions for domiciliation/re-domiciliation to and from the Virgin Islands (BVI). If the new insurer (seeking re-domiciliation to the Virgin Islands) desires to use the same name (as currently used in the foreign jurisdiction if it is available) an application must be made to the BVI FSC for name approval. An application would also be required to be submitted for approval to carry-on insurance business in or from within the BVI.