British Virgin Islands company law Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! ==Debt finance== British Virgin Islands companies are often capitalised primarily with debt rather than equity, whether it is by way of intra-group debt or external borrowing. Companies are not required to file financing statements in the British Virgin Islands when borrowing money. Where a creditor takes [[security interest|security]] from a company for the indebtedness, that security can be registered against the company in the register of registered charges maintained by the Registrar of Companies. The process is relatively quick and cheap; it can be done online, and the filing fee is US$100. Once registered, the security will take priority over all subsequently registered security and any unregistered security.<ref>BVI Business Companies Act, section 166</ref> Registration of a security interest will also constitute [[constructive notice]] of the security interest.<ref>BVI Business Companies Act, section 32(3)</ref> British Virgin Islands companies may give [[Financial assistance (share purchase)|financial assistance]] for the acquisition of their own shares without the requirement of going through a "whitewash" procedure.<ref>BVI Business Companies Act, section 28(2)(a)(iv)</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see Christianpedia:Copyrights for details). Do not submit copyrighted work without permission! Cancel Editing help (opens in new window) Discuss this page