British Virgin Islands is yet another British Overseas Territory, which is a centre for offshore investments, characterised by great deal of transparency and the employment of the most ideal best practices, governed by the Business Companies Act (BCA) as their fundamental legislation. BCA deals in the regulations that govern the formation and management of the companies under BVI. Oously since the U.A.E has no foreign mission in the island and so, their documents are to be attested through the UAE Embassy in London.
The fundamental objectives of attaining attested documents of the companies based in British Virgin Island in the UAE are:-
- To register a company
- To open bank accounts
- To buy or sell shares
- To buy or sell goods from foreign countries
- To issue Power of Attorney to authorized individuals to act on behalf of the directors or the company
Some of the foremost documents which go through the process of attestation for the local operation of companies registered in BVI are:-
- Board Resolution
- Shareholder’s Agreements
- Certificate of Incorporation
- Articles of Association
- Memorandum
As most British documents and their attestations, these documents go through the following offices in sequence towards the final attestation: –
- Notary
- Foreign and Commonwealth Office, UK
- Embassy of the U.A.E, London
- Ministry of Foreign Affairs, U.A.E
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