Alternatives without Bearer Shares

If you do not wish to preserve the right to issue bearer shares, you should consider this:

• Registered shares. The Share Register of the Company is maintained by the Registered Agent of the company, and the information must be held in strict confidence. The Agent may disclose this information only in the case of a court order or an inspection of the company documentation by the FSC or other BVI authorities. Therefore, having Registered Shares does not result in the public availability of the information about the owner of the shares. The first step for changing into registered shares is to locate the bearer share certificates and pass the necessary resolutions to exchange those shares for registered shares. The second step will be to adopt and restate M & A to prohibit the issue of bearer shares. You can also establish a Foundation to hold the Registered Shares.
• If you have not issued bearer shares, you may adopt and file a new M & A in order to prohibit the issue of bearer shares and thus avoid the increase in annual fees. Under both the IBC & BC Acts, amendment to the M&A is effective from the date that the restated M&A is registered by the Registrar.