CWK Global Snapshot: Implementation of Annual Financial Reporting Archive System For BVI Business Companies

The latest “CWK Global Snapshot” document is now available for download. This text provides the latest financial information on the implementation of the annual reporting filing system for British Virgin Islands business companies and is extremely important in understanding the associated fluctuations.

Due to the “BVI Business Companies (Amendment) Act 2022” and the “BVI Business Companies (Amendment) Regulations 2022” (the “New Acts”) came into effect on January 1, 2023. The new act introduces a requirement to submit Annual Financial Returns to the registered agent for archival purposes. BVI companies with a calendar year-based fiscal year must submit Annual Financial Statements with their registered agent by September 30, 2024.

To fully understand the relevant reforms and potential impacts, please click the link below. (English version only)

CWK Global Snapshot: Implementation of Annual Financial Reporting Archive System For BVI Business Companies