Yes. It”s called Continuation. The BVI Business Companies Act allows foreign companies which are registered and in good standing in a foreign country, to be transferred into and become registered in the British Virgin Islands – provided, however, that such continuation is allowed under the laws of their country of origin. Most countries have such provisions – but not all. The continuation procedure in itself largely reflects a standard registration process for a new offshore company. The primary difference is that several additional documents must be presented to the Registrar to confirm the legal existence, good standing and proper resolution of the foreign company to be continued in the BVI. The end result of continuation is the transformation of the foreign company into a BVI Business Company.