When should the annual renewals be delivered in BVI?

Under BVI Business Companies Act 2004, there are 2 time frames for BC annual renewal.

• 31st May next year: company registered in first half of year
• 30th November next year: company registered in last half of year

Late payment of the Government duties in the British Virgin Islands will result in a:

• 10% penalty fee if the payment is up to 2 months late
• 50% penalty fee if the payment is over 2 months late.

After Offshore Company Corp give a 30 days’ notice, any fees still not paid will lead to the company being struck off by the Registrar of Companies.

Read more:

• BVI company annual fee
• BVI offshore company