Seminar: Offshore Company Formation

Evanna Phoon wrote the below article and she is a Senior Franchisee of Rockwills. She can be contacted at info@malaysiawills.com

Have you set-up an offshore company? If yes, have you planned for the succession of how to distribute your company shares? REGISTER NOW at RM 10 per person to find out the solutions to help you to distribute the offshore company shares effectively!

Target Audience: Business Owners of Offshore Companies and Company Secretaries who helped clients setup Offshore Companies

Online Registration for MalaysiaWills Offshore Company Formation Seminar:

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Please Select Date to Attend
20 April 2012 (Friday) 2-4pm @ No.62, Jalan 2/131A, Off Jalan Klang Lama, 58200 Kuala Lumpur, MalaysiaI am not able to attend this time, please keep me informed on next seminar date

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Topics: Dealing with BVI Company Shares Upon Death: A Survey of Options for Smooth Succession

Speaker: Mr. Lee Chiwi (CEO of Rockwills Singapore)

Introduction of Seminar: Without question, the BVI as an offshore jurisdiction has been a resounding success. Since the enactment of the International Business Companies Act 1984 (replaced by the Business Companies Act 2004), about one million offshore companies have been incorporated with over 457,000 active companies today as of September 2011. Many thousands of these companies that were set up in the last few

decades, today have ageing shareholders who may not have planned for or even thought about the succession of their company shares. The result of not planning for succession can be troublesome ranging from loss of confidentiality and costly probate (a rule of thumb suggests a cost of 2% of asset value) to uncertainty among family members how company shares should be distributed.
This seminar discusses the array of options available for succession.
Despite the technical nature of the topic, the speakers are able to deliver this important topic in an accessible and easy-to-understand manner. You do not have to have a technical or legal background to attend this seminar. Note that even if you do not deal with BVI company shares, you will learn solutions that are relevant to the company shares of other jurisdictions like Bermuda, Seychelles and even Singapore.

Objectives of Seminar:

At the end of the workshop, participants will have learned:
1. The law underpinning the succession of offshore company shares
2. To evaluate the various options for the succession of offshore company shares

Outline of Seminar:

The Law of BVI Succession and BVI-Specific Options
• The Business Companies Act
• The process and cost of probate / administration in the BVI
• Using the standalone BVI will solution
• Using the special VISTA trust solution
• Using pre-signed forms and joint tenancy solutions
• Using a full-form trustsolution (based on conventional trust)
• Using a managing-custodian trustee solution (based on New Zealand trust)

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Tuesday, April 3rd, 2012 event

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