Accounting & Consultancy
Fiduciary Accounting
Fiduciary accounting services are summarized in this section, read below for detailed information.
Assisting BVI Registered Agents with the preparation of financial statements for BVI trusts for which they act as trustee.
In full appreciation of the fiduciary burden imposed upon the trustee to prepare and maintain accurate and up to date trust accounts, Trinity offers the service of trust accounts preparation to BVI as well as international Trustees which establishes and administers BVI Trusts. The trust accounts are invaluable in aiding the trustee in safeguarding the trust assets, monitoring the performance of the trust and also ensuring that a separation of assets is made where required between distinct beneficiaries such as capital and income beneficiaries. The trust accounts will enable the trustee to determine the current position of the trust fund in an easy to understand and yet accurate manner.
Assisting BVI Registered Agents with the preparation of financial statements for BVI companies for which director services are provided by the agent.
 The recent introduction of the BVI Business Companies Act (“BC Act.”) has placed a burden for maintaining financial information on companies. In particular section 98 of the BC Act clearly states that a company shall keep records that a) are sufficient to show and explain the company’s transactions and b) will, at any time, enable the financial position of the company to be determined with reasonable accuracy. In a nutshell, the BC Act is saying that a BVI Company must maintain financial statements. This duty for ensuring that this section of the Act is complied with falls to the directors of the Company. Trinity is experienced and specializes in providing such accounting services to its clients.
Trinity is also capable of preparing and presenting trust accounts with separate capital and income accounts where required by the trust instrument . This is an enhancement, if needed, to the service offered to BVI Trustees first mentioned above.
Commercial accounting
 Commercial accounting services are summarized in this section, read below for detailed information
Conducting compilation engagements for BVI Registered Companies.
As a firm that holds a practicing certificate from the Association of Chartered Certified Accountants, Trinity has years of experience in the preparation of compiled financial statements for its niche of private clients.
Conducting review engagements for BVI Companies
A review engagement although not as in-depth as an audit is a "step up" engagement to a compilation and provides the client with some assurance that the accountant has interrogated the financial information provided.
Preparation of management accounts for BVI Companies
These could be monthly or quarterly accounts that are designed to help the management of institutions keep timely track of how their business is performing and hence be in a position to make more informed decisions.
Book keeping services
This involves providing data entry services for clients as well as bank reconciliations.
Payroll and back office support services
Payroll services in accordance with the BVI payroll tax regime is offered to businesses of varying sizes.
Registry System (VIRRGIN) reconciliations for BVI registered Agents
With the advent of the VIRRGIN system many Registered agents may find it challenging and time consuming to reconcile their records with that of the Registry of Corporate Affairs. Trinity can assist in this regard.
Business Advisory Services
 Business Advisory services are summarized in this section, read below for detailed information.
Assistance with budget preparation
Conducting business analysis and proposals
This involves the preparation of business plans, financial forecasts and business viability plans for varying clients. These plans are designed to help the owners of businesses chart a course for the future.
Conducting industry specific training programs for BVI companies
Training here includes:
- Coaching and Teambuilding Training for supervisors
Audit Services
All regulated entities in the British Virgin Islands such as banks, public funds, trust companies, insurance companies and money service companies are mandated to lodge audited financial statements with the BVI Financial Services Commission within 4 to 6 months of the end of the entity's financial year.
While some companies may not be required by statute to have an external audit conducted, there is usually a need for such audits to be performed in order to provide key stakeholders with a degree of reasonable assurance that the reported performance of the company is devoid of material misstatements.
Trinity has the experience and expertise necessary to provide this independent opinion on your company's financial statements.
Management & Corporate Services
Provision of Directors, Nominee Shareholders and Officers
With the Director having over 15 years of experience in the administration of trusts, companies and mutual funds, Trinity offers to its clients the services of personal or corporate directors for BVI entities. Services of the director will be, among other things, the issuance of shares and updating and upkeep of the share register, maintenance of the corporate seal, executing of documents and agreements that may become necessary from time to time and the overall management of the company. Trinity also offers nominee shareholders service where the beneficial owner prefers to use someone other than themselves as a shareholder of a BVI company. Company secretarial services are also offered wherein varying secretarial functions are provided for BVI companies.
Trinity provides personal director services on behalf of a) ordinary BVI Companies and b) in specialist cases such as Private Trust Companies (PTCs), or mutual Funds.
For details of the due diligence information that we will require to provide this service please click HERE.
Provision of Liquidator services
Where a BVI Company enters into voluntary liquidation, it is mandated that an individual liquidator is appointed that is capable of performing the duties of the liquidator as outlined under the BVI Business Companies Act. Trinity provides these services for solvent BVI Companies.
Assistance with the application for a BVI trust or mutual fund licenses.
This process may be viewed as daunting and complicated by some clients. Trinity's team of experienced professionals can assist our clients with the application process for licenses for either a BVI Trust company or a mutual fund.
Tailored corporate services
These will entail services such as issuance of powers of attorney, preparation of secretary's certificates, drafting of corporate resolutions etc.
Other ancillary corporate services
These will capture services such as applying for certificates of good standing, company searches etc., arranging for legal opinions and having documents notarized and apostiled. For a comprehensive schedule of our services and fees, please click HERE.
Ship registration
Ship Registration services are summarized in this section, read below for detailed information
Assistance with the checking of the vessel's name
Assistance with the preparation of the ship registration documents
Submission of all completed shipping documents to the Virgin Islands Shipping Registry
Provision of Local Representative Person
Assistance with the de-registration of a vessel from the Registry
Where a vessel has been sold or the owner decides to transfer the registration to another jurisdiction, Trinity can assist the owner in having the vessel removed from the Register of Ships in the BVI.
Submission of annual maintenance fees in respect of the vessel
All vessels registered in the BVI are required to pay an annual maintenance fee to the Registry of Shipping for maintaining the vessel on the Shipping Register. Trinity as Local Representative Person will arrange for this fee to be remitted to the Registry of Shipping.
Assistance with any post ship registration services
Once a ship is registered in the BVI, the client may on occasion need to conduct various activities in respect of the vessel such as changing its name or requesting a transcript of registry to indicate whether there are liens against the vessel. Trinity can assist its clients in this regard.
Documentation (Click to Download)
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