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mrdivorce


Total Posts: 12
Joined: Jan 2017
 
Posted: 2019-12-18 17:52
I will open with admitting I'm rather out my depth. So currently I'm working with a few others and we've received some interest, and to be able to act on that interest it requires us to officially set up shop. The BVI is where we've settled on however the whole corporate structure stuff is unfamiliar to me (I've always kept somewhat myopically focussed on the tech side), and I'm trying to understand what are the implications of being a director of a BVI company.

I've been reading around and it seems the fiduciary responsibilities are significant, and I could be held directly liable for a number of things. For example, on this site
https://www.careyolsen.com/briefings/duties-of-a-director-under-british-virgin-islands-law the section under 'DIRECTORS' LIABILITIES' is a little terrifying.

Of course I'll get some legally qualified perspectives on this but I just want to check if anyone here has any experience/pro-tips/gotchas or just sage advice to share. Thanks in advance
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