Corporate Services_news

BVI Private Trust Companies

By Fanny Evans, Executive Director and General Manager of MMG Trust (BVI) Corp.  Since the introduction of the Private Trust Company (PTC) in the BVI, this vehicle has become attractive to act as the Trustee, Protector or Administrator of a trust without the need to apply for an exemption or to apply for a trust license

Joint Tenancy of Shares in a British Virgin Islands (“BVI”) Business Company

By Thalia Myers, In-House Legal Counsel at MMG Trust (BVI) Corp. and Morgan & Morgan Barristers & Solicitors   What is Joint Tenancy? A joint tenancy is a type of co-ownership or concurrent estate in which co-owners have a right of survivorship. The applicable law governing right of survivorship by way of joint tenancy is