We inform you that BVI companies whose fiscal year ended on December 31, 2023, are required to submit a BVI Annual Return for the year 2023 to their Registered Agents by September 30, 2024.
What is the format of the BVI Annual Return?
The BVI government has created an official format that must be used to submit this BVI Annual Return. You can access the format through the following link:
It is important to clarify that the Registered Agent is not required to submit the BVI Annual Returns to any BVI regulatory authority unless requested through the appropriate channels and for specific reasons.
What are the consequences of not submitting the BVI Annual Return?
If the company fails to submit the BVI Annual Return, the BVI regulatory authority may impose penalties, starting with a fine of US$300.00 for the first month of non-compliance and US$200.00 for each additional month.
Furthermore, the company may face a maximum fine of US$5,000.00 and risks being struck off the BVI Companies Register or dissolved by the BVI authorities.
Can DELCO handle my BVI Annual Return?
If you need assistance in preparing the Annual Return, our firm of specialized accountants offers this service for a fee ranging from US$175.00 to US$350.00, depending on the complexity of the preparation.
Next Steps
We kindly request that you send your completed BVI Annual Return to [email protected] no later than September 1, 2024, to ensure timely submission.
If you have any questions about the requirement to submit the BVI Annual Return for your BVI company, you can contact our Customer Service Support team at [email protected].
