The BVI Business Companies (Amendment) Act, 2022 introduced a new requirement for BVI companies (other than listed companies, regulated entities and BVI taxpayers) to file annual return with their registered agent for each financial year within 9 months following the end of the financial year to which it relates.
Template of the annual return was given in the BVI Business Companies (Financial Return) Order, 2023. Filing deadline of the first annual return falls on 30 September 2024 the earliest.
Registered agents would report non-filing of annual return. The BVI company will also be subject to penalty for failure to file annual return; and may (in certain situation) be struck off the Register of Companies.
3 July 2023