SUBMISSION OF ANNUAL FINANCIAL RETURNSFOR BVI COMPANIES UNDER THE NEW ACT
“2022 BVI Business Companies (Amendment) Act” and “2022 BVI Business Companies (Amendment) Regulations” (the “New
Act”) 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 fiscal year based on the calendar year must submit their Annual Financial Returns to the Registered Agent for archival by September 30, 2024.
Timely Submission
Annual Financial Returns must be submitted within 9 months after the end of each financial year.
Confidential Archiving
Financial statements must be archived with the Registered Agent. The information submitted to the Registered Agent will
not be made publicly available, and the Registered Agent is not obligated to provide it to any regulatory or BVI government authorities unless specifically required.
To fully understand the relevant reforms and potential impacts, please click the link below. (English version only)