Guide to the BVI Probate Rules for BVI Company Owners

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Many companies registered in the British Virgin Islands have individual shareholders. Under the BVI Business Companies Act, shares in BVI companies are deemed to be situated in the BVI. Therefore, regardless of where the owner of a BVI company dies, his or her interest in a BVI company cannot be validly transmitted to his or her intended heirs until the appropriate grant has been obtained from the BVI Court.