The BVI Business Companies Act, 2004 ("The Act") requires companies to maintain records and documents related to their financial transactions. According to the latest changes to the Act effective 1 January 2023, companies must file an annual return with their registered agent every year within nine months from the end of the fiscal year, i.e. September 2024

Penalties

If a company fails to file its annual financial return, its registered agent will be required to notify the Registrar of the non-compliance. The company will be liable to pay a penalty of US$300 for the first month of non-compliance and US$200 for each subsequent month until the company makes the filing. The maximum penalty is US$5,000. The company will not be able to make filings at the Registry of Corporate Affairs or obtain a Certificate of Good Standing until the annual return is filed.

We can assist you for the preparation of the Balance Sheet and Profit and Loss as well as with the filing of the annual return.

We highly recommend that companies file their annual returns as soon as possible after the end of the relevant fiscal or calendar year.

For more information please contact us to the following email addresses:

Rodoula Stavrinidi – Αυτή η διεύθυνση ηλεκτρονικού ταχυδρομείου προστατεύεται από τους αυτοματισμούς αποστολέων ανεπιθύμητων μηνυμάτων. Χρειάζεται να ενεργοποιήσετε τη JavaScript για να μπορέσετε να τη δείτε.

Angela Athanasopoulou – Αυτή η διεύθυνση ηλεκτρονικού ταχυδρομείου προστατεύεται από τους αυτοματισμούς αποστολέων ανεπιθύμητων μηνυμάτων. Χρειάζεται να ενεργοποιήσετε τη JavaScript για να μπορέσετε να τη δείτε.