Requirements for Shareholders

If the bearer shares of BVI IBC are held with the licenced custodian, then the owner of the bearer shares must provide the following information to the custodian:

• full name of the beneficial owner of the shares,
• declaration that no other person has an interest in the shares, or full names of any persons having an interest in the shares.

If the shareholder have not provided the above information, the custodian does not accept the shares. If the shares are delivered to the recognised custodian to another jurisdiction, company's registered agent must receive, within 14 days, the form with proof of delivery to the recognised custodian and a notice containing the required information. This prescribed form, however, has not yet been introduced.